What is a Transfer on Death Deed? Is it only for Real Estate?
In 1997 the Kansas legislature made it possible to transfer title to real estate or vehicles, upon the death of the owner, by a process similar to payable-on-death bank accounts. The owner of real estate or a vehicle may record a Deed to real estate which specifies a beneficiary of the title upon the death of the owner. The Deed should have a notation that the transfer is only for purposes of designating a beneficiary upon death, so that there is no tax due at the time of filing. It should be filed with the Recorder of Deeds in the county where the real estate is located. There is a small fee for recording the Deed. Similarly, the owner of a motor vehicle may record a title transfer with the Division of Motor Vehicles designating a beneficiary upon the death of the title-holder. The transfer can be recorded by taking the title to the County Treasurer in the owner`s county of residence and paying a fee. Designating a beneficiary on death allows the property to pass to the ownership of t
