A Maine transfer on death deed allows a property owner to name a beneficiary who will receive ownership of the said property after the owner’s death. This arrangement is revocable, which means that the owner can modify or cancel the deed at any point. During the owner’s lifetime, they will retain ownership and property rights. The deed allows for the named property, which would otherwise go through probate, to be transferred directly to the beneficiary without any court process. To be valid, the deed must be executed by the owner, acknowledged by a notary public, and recorded with the registry of deeds.
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