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201308433
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201308433
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Last modified
8/19/2014 2:24:18 PM
Creation date
10/21/2013 8:29:38 AM
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Template:
DEEDS
Inst Number
201308433
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Primary Beneficiary: <br />201308433 <br />We designate the following beneficiaries of this revocable transfer on death deed if the beneficiaries survive the <br />survivor of us. <br />Names of Primary Beneficiaries: Mailing Addresses of Primary Beneficiaries: <br />Elizabeth A. Tipping 7777 Baron Court, El Cerrito, CA 94530 <br />John R. Heckman 1042 Eldorado Drive, Superior, CO 80027 <br />Transfer on Death: <br />At the death of the survivor of us, we transfer our interest in the described property to the beneficiaries as designated <br />above. The transfer occurs at the death of the survivor of the Transferors. <br />Survivorship Required: <br />Under Nebraska law, the interest of a designated beneficiary is contingent on the designated beneficiary surviving <br />the transferor by one hundred twenty (120) hours. <br />This TOD Deed is Revocable: <br />Before my death, I have the right to revoke this deed. <br />Growing Crops: <br />If this land is agricultural land the growing crops shall pass to: <br />X My primary or alternate beneficiary <br />My estate <br />I understand that if I make no choice growing crops pass to my estate. <br />Legally Required Warning in the TOD Deed: <br />Please pay close attention to the following warnings: <br />Warning: <br />The property transferred remains subject to inheritance taxation in Nebraska to the same extent as if owned <br />by the transferor at death. Failure to timely pay inheritance taxes is subject to interest and penalties as <br />provided by law. <br />Warning: <br />The designated beneficiary is personally liable, to the extent of the value of the property transferred, to <br />account for Medicaid reimbursement to the extent necessary to discharge any such claim remaining after <br />application of the assets of the last surviving transferor's estate. The designated beneficiary may also be <br />personally liable, to the extent of the value of the property transferred, for claims against the estate, <br />statutory allowances to the last surviving transferor's surviving spouse and children, and the expenses of <br />administration to the extent to pay such amounts by the personal representative. <br />Warning: <br />The Department of Health and Human Services may require revocation of this deed by a transferor, a <br />transferor's spouse, or both a transferor and the transferor's spouse in order to qualify or remain qualified <br />for Medicaid assistance. <br />
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