Uniform Transfer On Death Deed Act

NEW Effective October 1 2016 A transfer on death deed is revocable even if the deed or another instrument contains a contrary provision.

Uniform transfer on death deed act. 72-6-410 Revocation by instrument authorized -- revocation by act not permitted. 8 b A transfer on death deed shall state that the transfer to the designated beneficiary is to occur 9 at the transferors death. Real Property Transfer on Death Act - Uniform Law Commission.

72-6-415 Optional form of transfer on death deed. 157 1 Except as otherwise provided in the transfer on death deed Sections 75-2-205 158 75-2-702 75-2-803 and 75-2-804 on the death of the transferor the following rules apply to 159 property that is the subject of a transfer on death deed and owned by the transferor at death. Means a registration of a security which indicates the present owner of the security and the intention of the owner regarding the person who will become the owner of the security upon the death of the owner.

Probate is not required. Transfer on death deed authorized. An individual may transfer property to one or more beneficiaries effective at the transferors death by a transfer on death deed.

UNIFORM REAL PROPERTY TRANSFER ON DEATH ACT SECTION 1. 45-6-416 2019 The following form may be used to create a transfer on death deed. When you die this deed transfers the described property subject to any liens or mortgages or other encumbrances on the property at your death.

Thirteen states had legislation authorizing transfer on death deeds. 2 b 59 DCR 13606. 72-6-417 Prior executed and recorded beneficiary deed.

Effect of transfer on death deed at transferors death. A This chapter may be cited as the Uniform Transfer on Death Security Registration Act. A transfer on death deed may not be used to effect a deed in lieu of foreclosure of a deed of trust.