                                 CODE OF VIRGINIA

REQUIREMENTS (§ 64.2-628)

A transfer on death deed:

1. Except as otherwise provided in subdivision 2, shall contain the essential
elements and formalities of a properly recordable inter vivos deed or document
to convey a cooperative interest created pursuant to the Virginia Real Estate
Cooperative Act (&#xA7; 55.1-2100 et seq.);

2. Shall state that the transfer to the designated beneficiary is to occur at
the transferor&#8217;s death;

3. Shall be recorded before the transferor&#8217;s death in the land records of
the clerk&#8217;s office of the circuit court in the jurisdiction where the
property is located;

4. Shall comply with the requirements for recordation set forth in Chapter 6
(&#xA7; 55.1-600 et seq.) of Title 55.1 and shall be indexed by the clerk of
court under the name of the transferor as grantor;

5. Unless the transfer is for consideration, shall be exempt from recordation
tax as provided by subsection J of &#xA7; 58.1-811;

6. For property owned by joint owners to be effective, shall be executed by all
joint owners; and

7. Shall be considered a deed for purposes of complying with the requirements of
&#xA7; 17.1-223.

HISTORY: 2013, c. 390; 2022, c. 309.