527-15 Liability for creditor claims and statutory allowances.
§527-15 Liability for creditor claims and statutory allowances. (a) To the extent the transferor’s probate estate is insufficient to satisfy an allowed claim against the estate or a statutory allowance to a surviving spouse or child, the estate may enforce the liability against the subject property transferred at the transferor’s death by a transfer on […]
527-16 Uniformity of application and construction.
§527-16 Uniformity of application and construction. In applying and construing this chapter, consideration shall be given to the need to promote uniformity of the law with respect to its subject matter among the states that enact similar uniform legislation. [L 2011, c 173, pt of §1]
527-17 Relation to Electronic Signatures in Global and National Commerce Act.
§527-17 Relation to Electronic Signatures in Global and National Commerce Act. This chapter modifies, limits, and supersedes the federal Electronic Signatures in Global and National Commerce Act, P.L. 106-229, title 15 United States Code chapter 96, but does not modify, limit, or supersede title 15 United States Code, section 7001(c), or authorize electronic delivery of […]
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 […]