Transfer on Death Real Property Act; created. (SB1042)

Introduced By

Sen. Emmett Hanger (R-Mount Solon)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

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. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/13/2009Prefiled and ordered printed; offered 01/14/09 096723232
01/13/2009Referred to Committee for Courts of Justice
01/14/2009Assigned Courts sub: Civil
02/11/2009Left in Courts of Justice