Transfer-on-death deeds; requirements; nonacceptance; lapsed interest; allocation of costs; good-cause exception; construction; form; effective date.

Summary

The bill lets property owners record a deed that passes the land to a named beneficiary when the owner dies, without needing the beneficiary’s consent while the owner is alive. Beneficiaries must file an affidavit with a death certificate within nine months of the owner’s death, or the interest reverts to the estate. It also sets up how costs are handled if a beneficiary fails to act and provides a limited “good‑cause” exception.

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

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