Updated on July 27th, 2022
A Mississippi transfer on death deed is a form that allows a property owner to prepare the transfer of their real estate to a beneficiary upon their death. When the owner dies, the property will be conveyed to the beneficiary without any probate, saving both time and money. Despite the naming of a beneficiary in the transfer on death deed, the owner retains the right to sell at any while the owner is still alive. Furthermore, the deed is revocable, which means that the owner can cancel it by filing a revocation form with the same chancery court where the deed was recorded. To be valid, the form must be executed, acknowledged, and recorded during the owner’s lifetime.
- Statute: Title 91, Ch. 27, Title 89
- Formatting: § 89-5-24, § 27-3-51(2)
- Signing Requirements (§ 89-3-1(1)): Notary Public
- Where to Record: Chancery Clerk’s Office
- Recording Fees (§ 25-7-9(1)(b)): $25 for the first 5 pages; $1 for each additional page.