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2009 SESSION

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SB 1042 Transfer on Death Real Property Act; created.

Introduced by: Emmett W. Hanger, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Transfer on Death Real Property Act; created.  Creates the Transfer on Death Real Property Act which permits an owner of real property to execute a transfer on death deed that names a beneficiary who takes ownership of the property upon the death of the owner. A transfer on death deed is nontestamentary and allows the owner of the property to avoid probate. Such deeds must be acknowledged before a notary public or other official and recorded in the office of the circuit court where the property is located. Such deeds may only be revoked by the owner by the recording of a subsequent transfer on death deed or the recording of a written notice of revocation.

FULL TEXT

• 01/13/09  Senate: Prefiled and ordered printed; offered 01/14/09 096723232  pdf

HISTORY

• 01/13/09  Senate: Prefiled and ordered printed; offered 01/14/09 096723232
• 01/13/09  Senate: Referred to Committee for Courts of Justice
• 01/14/09  Senate: Assigned Courts sub: Civil
• 02/11/09  Senate: Left in Courts of Justice