Virginia Code 64.2-624: Transfer on death deed authorized.
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An individual may transfer property to one or more beneficiaries effective at the transferor‘s death by a transfer on death deed.
Terms Used In Virginia Code 64.2-624
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Property: means an interest in real property located in the Commonwealth that is transferable on the death of the owner. See Virginia Code 64.2-621
- Transferor: means an individual who makes a transfer on death deed. See Virginia Code 64.2-621
2013, c. 390.