Please complete this secure online form if you are interested in obtaining a revocable living trust. Complete this form so we can get started!
Please complete this secure online form if you are interested in obtaining an Advance Health Care Directive as part of your estate plan.
Please complete this secure online form if you are interested in obtaining a Transfer on Death Deed for property you own in the U.S. Virgin Islands!
Please complete this secure online form if you are interested in obtaining a power of attorney fpr assets and property you own in the U.S. Virgin Islands!
Since its enactment in 2018, the Transfer on Death Deed has stood out as a valuable tool for ensuring smooth and orderly transfers of real property, adapting to the evolving needs of estate planning.
TRANSFER ON DEATH DEED
COMMON QUESTIONS
What does the Transfer on Death (TOD) deed do? When you die, this deed transfers the described property, subject to any liens or mortgages (or other encumbrances) on the property, at your death. Probate is not required. The TOD deed has no effect until you die. You can revoke it at any time. You are also free to transfer the property to someone else during your lifetime. If you do not own any interest in the property when you die, this deed will have no effect.
How do I make a TOD deed? Complete this form. Tully Law, PLLC will prepare the deed for a fee of $1,000, which can be paid online at www.tullyvi.com. Sign the deed in front of Attorney Tully, or have it acknowledged before a notary public or other individual authorized by law to take acknowledgments. Tully Law will record the form in the district where the property is located. The form has no effect unless it is acknowledged and recorded before your death.
Is the “legal description” of the property necessary? Yes.
How do I find the “legal description” of the property? This information is on the deed you received when you became an owner of the property. This information is also available in the Office of the Recorder of Deeds for the district where the property is located. If you are not absolutely sure, Attorney Tully will find a copy of your recorded deed for you.
Can I change my mind before I record the TOD deed? Yes. If you have not yet recorded the deed and want to change your mind, simply tear up or otherwise destroy the deed.
Can I later revoke the TOD deed if I change my mind? Yes. You can revoke the TOD deed. No one, including the beneficiaries, can prevent you from revoking the deed.
How do I revoke the TOD deed after it is recorded? There are three ways to revoke a recorded TOD deed: (1) Complete and acknowledge a revocation form and record it with the Recorder of Deeds in the District where the property is located. (2) Complete and acknowledge a new TOD deed that disposes of the same property and record it in the District where the property is located. (3) Transfer the property to someone else during your lifetime by a recorded deed that expressly revokes the TOD deed. You may not revoke the TOD deed by will.
I am being pressured to complete this form. What should I do? Do not complete this form under pressure. Seek help from a trusted family member, friend, or lawyer.
Do I need to tell the beneficiaries about the TOD deed? No, but it is recommended. Secrecy can cause later complications and might make it easier for others to commit fraud.
Transfer on Death Application
The document is a "Transfer on Death Application" form from the Virgin Islands Bureau of Motor Vehicles (BMV). This form allows vehicle owners to add or remove a beneficiary to their vehicle title, but only if the vehicle is owned by an individual, not a business.
The original title, registration, and owner's ID must be presented. If there's a lienholder, their permission is needed to add a beneficiary. To transfer ownership to the beneficiary upon the owner's death, the beneficiary must submit the title (if available) and the legal owner’s certified death certificate. All owners must be deceased for the beneficiary to become the vehicle owner if there is more than one owner.
The form requires the beneficiary's full legal name, driver's license or ID card number, physical and mailing addresses, and the vehicle's identification number, year, make, model, and body type. The vehicle owner must sign and provide their full legal name, address, and the date.
The owner agrees to hold the Virgin Islands BMV harmless from any liability arising from contesting the validity of the beneficiary designation. The form includes sections to either add or remove a beneficiary and requires separate forms for each beneficiary.
You Can't Take It With You
Let's talk about a simple truth: When people pass away, they don't need their stuff anymore. But what happens to all these things? That's where estate planning comes in. It's all about making plans for these items and property so they can go to the right people or places after someone's gone.
Estate Planning Package
Real-world guidance from experienced trusts and estates practitioners takes you through the entire estate planning process. Stay up to date on changes in practice and find the tools and resources you need in every state and U.S. territory.
Watch this video on our client intake process!
Explore the essentials of Revocable Transfer on Death (TOD) Deeds with Tully Law, PLLC's animated explainer video. This video demystifies how TOD deeds can be a vital component of your estate planning, specifically for real property.
You may want to think again! Watch our video to learn why!
A Last Will and Testament does NOT avoid probate!
Avoid probate in the USVI with a Revocable Living Trust!
Using a trust and a pour over will together!
How do last Wills and Revocable Living Trusts compare?
Learn why you should have an advance health care directive to take the burden off your family!
Learn about the limited usefulness of life estates in estate planning and beware of potential pitfalls in the USVI!
Why you need an estate plan if you have property in the U.S. Virgin Islands!
For most people, a revocable living trust is preferred over an irrevocable trust. Watch this video to understand why!
Once upon a time, there was a family of four: a mother, a father, and two grown children. They were a happy family, but they never talked about what would happen to their estate when the parents passed away.
One day, the parents were in a car accident and they both passed away suddenly. The two children were devastated and didn't know what to do. They quickly realized that their parents had not left a will or any other kind of estate plan.
This meant that the children would have to go through the process of probate, which can be long, complicated, and expensive. They also knew that their parents' assets would be divided equally between them, but they weren't sure what that would include.
The siblings began to argue over who would get what. One of the siblings felt entitled to their parents' house, while the other felt that they should sell it and split the money. They couldn't come to an agreement and the tension between them grew.
Eventually, they decided to hire an attorney to help them work through their issues. The attorney helped them come to a resolution, but the process was long and costly. It left a rift between the siblings that they never fully recovered from.
The moral of the story is that it's important for families to have a plan in place for their estate. This can prevent misunderstandings and conflict among loved ones when a tragedy strikes. It can also save time, money, and heartache in the long run.
Trusts can be a useful tool for estate planning, as they allow you to specify how and when your assets will be distributed to your beneficiaries without the need to go to probate. There are many different types of trusts, each with its own advantages and disadvantages, so it's important to consult with an attorney to determine which type of trust is best for your situation.
A will is a legal document that specifies how you want your assets to be distributed after your death. Without a will, your assets will be distributed according to U.S. Virgin Islands laws of intestacy, which may not align with your wishes.
If you have minor children, it's important to make a plan for their care in the event of your death. This can include naming a guardian for your children and setting up a trust to provide for their financial needs.
A financial power of attorney allows you to appoint someone to manage your financial affairs in the event that you become incapacitated. This can include paying bills and managing investments.
As we age, the likelihood of needing long-term care increases. It's important to plan for this eventuality, whether through long-term care insurance, setting aside funds for future care, or other means.
Estate planning is not a one-time event. It's important to review your plan regularly, at least every few years, and update it as needed to reflect changes in your assets, family situation, and personal wishes. You should also review your plan if you move to a new place, as the laws governing wills and trusts can vary considerably.
Below is a set of helpful documents to assist you with planning your estate (trusts, wills, power of attorney, etc.)
Please reach us at jessica@tullyvi.com if you cannot find an answer to your question.
No, there is not a statutory form in the USVI.
None.
Yes. 15 V.I.C. §1262.
No.
Any individual 18 years or older who has the capacity to contract may serve as agent.
No.
The power of attorney must be in writing. 15 V.I.C. § 1262. If the power of attorney is used to execute documents associated with real property, the power of attorney must be in writing and executed in the presence of two witnesses who must subscribe their names to the same as such. 28 V.I.C. § 241 et seq. If executed in the USVI, the principal’s signature must be validly acknowledged by a notary public authorized to perform notarial acts in the USVI. Id. at § 81. For powers of attorney executed outside the USVI, compliance with the requirements for recording in the jurisdiction of execution will suffice to allow for recording in the USVI; alternatively, compliance with USVI requirements (two witnesses and an acknowledgement by a notary from the jurisdiction of execution) will entitle the instrument to be recorded. Id. at § 90. The notary may act as a witness, but if doing so, must sign as such in addition to the notarial acknowledgement. See Alexander v. Alexander, 65 V.I. 372 (VI 2016) (where notary did not sign deed as a witness until seven years after deed was originally signed, deed was invalid). The USVI places great importance on the valid execution and acknowledgement of a power of attorney.
Even if the power of attorney is not used to execute documents associated with real property, it is advisable to execute all legal documents in the presence of two witnesses and a notary.
No.
The durable nature of the power of attorney must be expressly stated in the power of attorney. 15 V.I.C. § 1262-1263. If the language in the power of attorney indicates that subsequent disability or incapacity does not affect the power of attorney or if the language states that the power of attorney becomes effective upon disability or incapacity, the power of attorney is durable and disability or incapacity does not affect it. Id. at § 1262-1263.
A power of attorney is not revoked unless and until the agent has actual knowledge of the revocation. 15 V.I.C. § 1265. If the principal is living and of sound mind, then the power of attorney may be revoked by the principal and is accomplished by the principal notifying the agent of the revocation. Although there is no law addressing whether the notification of revocation can be oral or must be in writing, the general practice is to notify the agent of the revocation through a writing signed by the principal and delivered to the agent by certified mail.
If the principal is incapacitated, the power of attorney (if not a durable POA) is revoked when the agent has actual knowledge of the principal’s disability or incapacity. 15 V.I.C. § 1265(b)). If the principal is no longer living, revocation occurs when the agent has actual knowledge of the death of the principal. 15 V.I.C. § 1265(a)).
Please reach us at jessica@tullyvi.com if you cannot find an answer to your question.
No, there is not a statutory form.
The authority granted becomes effective according to the terms of the writing. 19 V.I.C. § 207.
Yes. “Health care” means any care, treatment, service, or procedure to maintain, diagnose, or treat an individual’s physical or mental condition. 19 V.I.C. § 202.
An adult may serve as agent. 19 V.I.C. § 203. A minor may serve as agent under the following conditions: 1. The minor is emancipated or has attained the age of 17 years and, regardless of the source of income, is living apart from his parents or from an individual in loco parentis and is managing his own affairs; 2. The minor is or has been married; or 3. The minor is in the military service of the United States. 19 V.I.C. § 203. There is no prohibition against the attending doctor serving as agent, but the practice is discouraged.
None required.
An appointment and any amendment thereto must be in writing, signed by the appointor and a witness other than the health care representative and accepted in writing by the health care representative. 19 V.I.C. § 207.
Yes. 19 V.I.C. § 207.
Unless expressly provided otherwise, the authority granted in the writing is not affected if the appointor becomes incapable of consenting. 19 V.I.C. § 207(f).
Unless the writing provides otherwise, a health care representative appointed under this section, who is reasonably available and willing to act, has priority to act for the appointor in all matters of health care. 19 V.I.C. § 207(g).
Yes, a living will in included: “A living will is an advance directive by a competent person which expresses a wish not to receive certain artificial means of support in the event that he or she is later unable to make such a wish known in the future due to medical incapacity. Such a procedure is recognized in the Virgin Islands by the enactment of the Uniform Durable Power of Attorney Act.” Id.
Ronan v. Clarke, 63 V.I. 95, 100 (Super. Ct. 2015)
Please reach us at jessica@tullyvi.com if you cannot find an answer to your question.
No, there is not a statutory form. A person becomes a guardian of a minor by parental appointment or upon appointment by the Court. 15 V.I.C. § 5-201. A guardian may be appointed by will or other signed writing by a parent for any minor child the parent has or may have in the future. 15 V.I.C. § 5-202(a).
The appointment of a guardian becomes effective upon the appointing parent’s death, adjudication that the parent is an incapacitated person, or a written determination by a physician who has examined the parent that the parent is no longer able to care for the child, whichever first occurs. 15 V.I.C. § 5-202(c).
Yes, see above for triggering events. The Virgin Islands Uniform Guardianship and Protective Proceedings Act (15 V.I.C. § 5-101, et. seq.) governs when a guardianship appointment becomes effective.
The appointment of a guardian terminates upon the death, resignation, or removal of the guardian or upon termination of the guardianship. 15 V.I.C. § 5-112. A resignation of a guardian is effective when approved by the Court. Id. at § 5-112.
A parental or spousal appointment as guardian under an informally probated will terminates if the will is later denied probate in a formal proceeding. Id.
Eligibility for guardianship is determined by the Court upon issuing letters of guardianship pursuant to 15 V.I.C. § 5-110.
More than one person may serve as guardian. 15 V.I.C. § 5-112(c).
“Guardian” is defined in the Virgin Islands Uniform Guardianship and Protective Proceedings Act (15 V.I.C. § 5-101, et. seq.) as a “person who has qualified as a guardian of a minor or incapacitated person pursuant to appointment by a parent or spouse, or by the Court.” Id. at § 5-102(3). The term includes a limited, emergency, and temporary substitute guardian, but not a guardian ad litem. Id. There is no law defining the term “standby guardian.”
Consent of the non-designating parent is not required. Until the Court has confirmed a guardian under 15 V.I.C. § 5-202, the non-designating parent may prevent or terminate the appointment at any time by: (1) filing a written objection in the court in which the appointing instrument is filed, and (2) giving notice of the objection to the guardian and any other persons entitled to notice of the acceptance of the appointment. The objection, however, does not necessarily preclude judicial appointment of the person selected by the parent. 15 V.I.C. § 5-203.
The appointment of a guardian by a parent does not supersede the parental rights of either parent. 15 V.I.C. § 5-202. If both parents are dead or have been adjudged incapacitated persons, an appointment by the last parent who died or was adjudged incapacitated has priority. Id. at § 5-202.
A guardian may be appointed by will or other signed writing by a parent for any minor child the parent has or may have in the future.
15 V.I.C. § 5-202(a). If the guardian is appointed by will, then the formalities for execution of a will must be followed. See 15 V.I.C. §§ 13 and 14.
There is no law on whether a witness to the will can be nominated as guardian.
There is no law governing execution formalities for appointment of a guardian by a parent of a minor child by a signed writing other than a will. If a parent elects to appoint a guardian by a signed writing other than a will, then the conservative approach would be to follow the same execution formalities required for a will.
The Guardian does not have to sign; however, the Guardian does not become eligible to act on behalf of the minor until the guardian files of an acceptance of appointment, which must be filed within 30 days after the guardian's appointment becomes effective. 15 V.I.C. § 5-202(d).
No, however the appointment may specify the desired limitations on the powers to be given to the guardian. 15 V.I.C. § 5-202(a).
The court does not have to confirm the appointment of a guardian before the guardianship is effective (see 15 V.I.C. § 5-202(c)), but the guardian does not become eligible to act on behalf of the minor until the filing of an acceptance of appointment, which must be filed within 30 days after the guardian's appointment becomes effective. 15 V.I.C. § 5-202(d).
The guardian shall:
(1) file the acceptance of appointment and a copy of the will with the court of the judicial division in which the will was or could be probated or, in the case of another appointing instrument, file the acceptance of appointment and the appointing instrument with the Court of the judicial division in which the minor resides or is present; and
(2) give written notice of the acceptance of appointment to the appointing parent, if living, the minor, if the minor has attained 14 years of age, and a person other than the parent having care and custody of the minor. 15 V.I.C. § 5-202(d).
If the parent has designated a Guardian in his or her will, then the procedure for probate of wills must be followed. The initial step in the administration of the estate of a person who died testate is the filing of the petition for probate of the will and for issuance of letters testamentary, approving appointment of an executor or administrator authorized to administer the estate. V.I. R. Prob. Rule 3. The petition may contain a request for an appointment of a guardian for such heirs or next of kin who may be minors. V.I. R. Prob. Rule 3(c)(2).
Until the Court has confirmed an appointee under 15 V.I.C. § 5-202, a minor who is the subject of an appointment by a parent and who has attained 14 years of age may prevent or terminate the appointment at any time by filing a written objection in the court in which the appointing instrument is filed and giving notice of the objection to the guardian and any other persons entitled to notice of the acceptance of the appointment. The objection does not preclude judicial appointment of the person selected by the parent. 15 V.I.C. § 5-203.
The guardianship continues until terminated, without regard to the location of the guardian or minor ward. 15 V.I.C. § 5-201.
Termination of the appointment of a guardian or conservator does not affect the liability of either for previous acts or the obligation to account for money and other assets of the ward or protected person. Id.
A parent or guardian of a minor or incapacitated person, by a power of attorney, may delegate to another person, for a period not exceeding six months, any power regarding care, custody, or property of the minor or ward, except the power to consent to marriage or adoption. 15 V.I.C. § 5-105.
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