Oregon Statutes 93.961 – URPTDA 9. Requirements
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(1) A transfer on death deed:
Terms Used In Oregon Statutes 93.961
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Inter vivos: Transfer of property from one living person to another living person.
(a) Except as provided otherwise in paragraph (b) of this subsection, must contain the essential elements and formalities of a properly recordable inter vivos deed;
(b) Must state that the transfer to the designated beneficiary is to occur at the transferor’s death;
(c) Must identify the designated beneficiary by name; and
(d) Must be recorded before the transferor’s death in the deed records in the office of the county clerk for the county in which the property is located.
(2) A beneficiary designation that identifies beneficiaries only as members of a class is void. [2011 c.212 § 9]
See note under 93.948.