If you own property in the state of Minnesota, you may wonder if there is a way to transfer your property to a friend or loved one without the hassle of probate at the time of your death. There is a process, called a Transfer On Death Deed, that allows you to keep ownership while you are still living. At the time of your death, this deed allows ownership of your property to automatically be transferred to your beneficiary that you have chosen.
Benefits of Using a Transfer on Death Deed
The major benefit of using a transfer on death deed is that your beneficiary will not have to deal with the hassle and potential delays of probate at the time of your death. With a probate, the title of your property can be held for a significant period of time while the details of your estate are settled. The transfer on death deed is just like a regular deed but it does not take effect until the time of your death.
Kallemeyn & Kallemeyn specialize in comprehensive estate planning and probate services and can help you or a loved one with the transfer on death deed from start to finish. Charles Kallemeyn has more than thirty years of experience practicing law in Minnesota and brings knowledge, experience, strong communication skills and compassion to each case he takes. The team at Kallemeyn & Kallemeyn understand that estate planning can be difficult for some.
Importance of Estate Planning
Thinking about your wishes in the event of your death is never easy and many people put it off. However, taking the time now to think about how you want your property distributed can make the time after your death much easier on your loved ones. In addition, it can bring you peace knowing that the transfer process for your property can happen quickly at the time of your death.
Experienced Estate Planning Attorney
The process of completing a Transfer on Death Deed is fairly straightforward. Charles Kallemeyn can help you complete all of the necessary steps including creating and completing the deed, writing a complete description of the property you wish to transfer, signing and notarizing the deed, and then recording the deed at the recorder’s office in the county where the property is located. If you would like to learn more about the estate planning process or to speak with Charles Kallemeyn about working on a Transfer On Death Deed, call Kallemeyn & Kallemeyn today at 763-427-5131.