527-1 Short title.
§527-1 Short title. This Act may be cited as the Uniform Real Property Transfer on Death Act. [L 2011, c 173, pt of §1]
526-2 Definitions.
§526-2 Definitions. In this chapter: “Disclaimant” means the person to whom a disclaimed interest or power would have passed had the disclaimer not been made. “Disclaimed interest” means the interest that would have passed to the disclaimant had the disclaimer not been made. “Disclaimer” means the refusal to accept an interest in or power over […]
527-2 Definitions.
§527-2 Definitions. As used in this chapter: “Beneficiary” means a person that receives property under a transfer on death deed. “Designated beneficiary” means a person designated in a transfer on death deed to receive property. “Joint owner” means an individual who owns property concurrently with one or more individuals with a right of survivorship. The […]
526-3 Scope.
§526-3 Scope. This chapter applies to disclaimers of any interest in or power over property, whenever created. [L 2000, c 43, pt of §1]
527-3 Applicability.
§527-3 Applicability. This chapter applies to a transfer on death deed executed at any time by a transferor who dies on or after July 1, 2011. [L 2011, c 173, pt of §1]
526-4 Chapter supplemented by other law.
§526-4 Chapter supplemented by other law. (a) Unless displaced by a provision of this chapter, the principles of law and equity supplement this chapter. (b) This chapter does not limit any right of a person to waive, release, disclaim, or renounce an interest in or power over property under a law other than this chapter. […]
527-4 Nonexclusivity.
§527-4 Nonexclusivity. This chapter does not affect any method of transferring property otherwise permitted under the laws of this State. [L 2011, c 173 pt of §1]
526-5 Power to disclaim; general requirements; when irrevocable.
§526-5 Power to disclaim; general requirements; when irrevocable. (a) A person may disclaim, in whole or part, any interest in or power over property, including a power of appointment. A person may disclaim the interest or power even if its creator imposed a spendthrift provision or similar restriction on transfer or a restriction or limitation […]
526-6 Disclaimer of interest in property.
§526-6 Disclaimer of interest in property. (a) In this section: “Future interest” means an interest that takes effect in possession or enjoyment, if at all, later than the time of its creation. “Time of distribution” means the time when a disclaimed interest would have taken effect in possession or enjoyment. (b) Except for a disclaimer […]
526-7 Disclaimer of rights of survivorship in jointly held property.
§526-7 Disclaimer of rights of survivorship in jointly held property. (a) Upon the death of a holder of jointly held property, a surviving holder may disclaim, in whole or part, the greater of: (1) A fractional share of the property determined by dividing the number one by the number of joint holders alive immediately before […]