Twin Cities Estate Planning Attorney Explains the Steps Necessary to Use a Minnesota Transfer on Death Deed
If you are a property owner and wish to use a transfer on death deed (“TODD”) to transfer that property without the hassle of probate, you must
- Choose a beneficiary or beneficiaries
- Execute a valid deed that expressly states that it is effective only upon your death
- Record the deed in the county in which the property is located prior to your death.
- Pay the filing fee.
A few things to note. If the property is jointly owned then all owners must sign the deed. And as #3 above states, it is not enough to execute the deed – you must also record it with the proper county before your death.