An Oregon transfer on death deed is used by a homeowner to designate a beneficiary to inherit their property when they pass away. The deed has no effect on the owner’s property rights during their lifetime, and they may occupy, rent, or sell it without the beneficiary’s consent. After the owner dies, the named beneficiary can obtain the property immediately outside probate court.
An Oregon transfer on death deed is used by a homeowner to designate a beneficiary to inherit their property when they pass away. The deed has no effect on the owner’s property rights during their lifetime, and they may occupy, rent, or sell it without the beneficiary’s consent. After the owner dies, the named beneficiary can obtain the property immediately outside probate court.
Instrument Revoking of Transfer on Death Deed – Cancels a transfer on death deed.
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Signing and Recording
Resources
Under Oregon law, real property transferred by a transfer on death deed remains subject to creditor claims for 18 months after the decedent’s death.[5]
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