A transfer on death deed: (1) Except as otherwise provided in subsection (2) of this section, must contain the essential elements and formalities of a properly recordable inter vivos deed; (2) Must state that the transfer to the designated beneficiary is to occur at the transferor's death; and (3) Must be recorded before the transferor's death in the public records in the office of the auditor of the county where the property is located.
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