This New Jersey Transfer-on-Death (TOD) Deed template facilitates the direct transfer of real estate ownership upon the death of the property owner, without the need for probate court proceedings. It is governed by New Jersey state-specific laws.
To complete this deed, provide the following information where applicable:
- Full name and address of the current property owner(s) (Grantor(s)): __________
- Legal description of the real estate property to be transferred, including Tax Map reference number if available: __________
- Full name and address of the designated beneficiary(ies) who will receive property upon the death of the owner(s) (Grantee(s)): __________
- If applicable, specify the conditions under which the transfer is to occur: __________
- Date of executing the deed: __________
- Signature(s) of the property owner(s) (Grantor(s)), to be done in the presence of a notary public: __________
It is imperative to accurately describe the property and to clearly identify the beneficiary(ies) to avoid any potential dispute or confusion.
Please note the following important considerations specific to New Jersey:
- This deed must be filed with the county recorder's office in the county where the property is located before the owner's death.
- The Transfer-on-Death deed does not take effect until the death of the owner, and the owner retains full control and ownership of the property, including the right to revoke or change the beneficiary(ies), until death.
- There may be tax implications associated with the transfer of property using a Transfer-on-Death deed. Consult with a tax professional for advice.
This document is intended to provide a template and does not constitute legal advice. We highly recommend consulting with a New Jersey estate planning attorney to ensure compliance with all state requirements and for a review of your specific situation.