Real Property – Transfer–on–Death Deed – Establishment

Summary

The bill adds a new Transfer‑on‑Death Deed act, letting owners name a beneficiary who automatically receives the land when the owner dies, bypassing probate. It sets procedures for creating, revoking, recording, and taxing these deeds, updates disclaimer rules for non‑probate transfers, and makes the law apply retroactively to deeds executed before its effective date for deaths on or after Oct. 1 2026.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share