527-5 Transfer on death deed authorized.
§527-5 Transfer on death deed authorized. An individual may transfer property, effective at the transferor’s death, to one or more beneficiaries by a transfer on death deed; provided that, with respect to property of which any portion is registered in the land court, transfer is subject to the requirement in section 527-13(a)(1) regarding submittal of […]
527-6 Transfer on death deed revocable.
§527-6 Transfer on death deed revocable. A transfer on death deed is revocable even if the deed or another instrument contains a contrary provision. [L 2011, c 173, pt of §1]
527-7 Transfer on death deed nontestamentary.
§527-7 Transfer on death deed nontestamentary. A transfer on death deed is nontestamentary. [L 2011, c 173, pt of §1]
527-8 Capacity of transferor.
§527-8 Capacity of transferor. The capacity required to execute or revoke a transfer on death deed is the same as the capacity required to execute a will. [L 2011, c 173, pt of §1]
527-9 Requirements.
§527-9 Requirements. A transfer on death deed: (1) Except as otherwise provided in paragraph (2), shall contain the essential elements and formalities of a properly recordable inter vivos deed; (2) Shall state that the transfer to the beneficiary is to occur at the transferor’s death; and (3) Shall be recorded with the bureau of conveyances […]
527-10 Notice, delivery, acceptance, consideration not required.
§527-10 Notice, delivery, acceptance, consideration not required. A transfer on death deed shall be effective without notice or delivery to or acceptance by the designated beneficiary during the transferor’s life, and without consideration. [L 2011, c 173, pt of §1]
527-11 Revocation by instrument authorized; revocation by act not permitted.
§527-11 Revocation by instrument authorized; revocation by act not permitted. (a) Subject to subsection (b), an instrument is effective to revoke all or any part of a recorded or filed transfer on death deed only if the instrument is acknowledged by the transferor after the acknowledgment of the transfer on death deed being revoked and […]
527-12 Effect of transfer on death deed during transferor’s life.
§527-12 Effect of transfer on death deed during transferor’s life. During a transferor’s life, a transfer on death deed shall not: (1) Affect an interest or right in the subject property of the transferor or any other owner, including the right to transfer or encumber the subject property; (2) Affect an interest or right in […]
527-13 Effect of transfer on death deed at transferor’s death.
§527-13 Effect of transfer on death deed at transferor’s death. (a) Except as otherwise provided in the transfer on death deed, this section, or sections 560:2-202, 560:2-603, 560:2-702, 560:2-706, 560:2-707, 560:2-803, and 560:2-804, on the death of the transferor, the following shall apply to the subject property owned by the transferor at death: (1) Subject […]
527-14 Disclaimer.
§527-14 Disclaimer. A beneficiary may disclaim all or part of the beneficiary’s interest as provided by chapter 526, the Uniform Disclaimer of Property Interests Act. [L 2011, c 173, pt of §1]