Section 2-18-104 – Form of Transfer on Death Deed.
2-18-104. Form of transfer on death deed. A transfer on death deed is sufficient if it complies with other applicable law and if it is in substantially the following form: Transfer on Death Deed I (we) …. (owner) hereby convey to …. (grantee beneficiary) effective on my (our) death the following described real property: (Legal […]
Section 2-18-105 – Form for Revoking a Transfer on Death Deed.
2-18-105. Form for revoking a transfer on death deed. An instrument revoking a transfer on death deed is sufficient if it complies with other applicable law and is in substantially the following form: Revocation of Transfer on Death Deed The undersigned hereby revokes the transfer on death deed recorded on …. (date), in deed book […]
Section 2-18-106 – Disclaimer.
2-18-106. Disclaimer. A grantee beneficiary may refuse to accept all or any part of the real property interest conveyed by a transfer on death deed. If a grantee beneficiary refuses to accept or disclaims any real property interest, the grantee beneficiary shall have no liability under this chapter by reason of being designated as grantee […]
Section 2-18-101 – Short Title.
2-18-101. Short title. This chapter shall be known as and may be cited as the “Nontestamentary Transfer of Real Property on Death Act.”
Section 2-18-102 – Definitions.
2-18-102. Definitions. (a) As used in this chapter: (i) “Grantee beneficiary” or “grantee” means the person to whom an owner grants an interest in the real property that is the subject of the transfer on death deed; (ii) “Owner” means a person who executes a transfer on death deed as provided in W.S. 2-18-103; (iii) […]
Section 2-18-103 – Transfer on Death Deed.
2-18-103. Transfer on death deed. (a) A deed that conveys an interest in real property, including any debt secured by a lien on real property, to a grantee beneficiary designated by the owner and that expressly states that the deed is effective on the death of the owner transfers the deceased owner’s interest to the […]
Section 2-16-107 – Effect of Registration in Beneficiary Form.
2-16-107. Effect of registration in beneficiary form. The designation of a TOD beneficiary on a registration in beneficiary form has no effect on ownership until the owner’s death. A registration of a security in beneficiary form may be canceled or changed at any time by the sole owner or all then surviving owners without the […]
Section 2-16-108 – Ownership on Death of Owner.
2-16-108. Ownership on death of owner. On death of a sole owner or the last to die of all multiple owners, ownership of securities registered in beneficiary form passes to the beneficiary or beneficiaries who survive all owners. On proof of death of all owners and compliance with any applicable requirements of the registering entity, […]
Section 2-16-109 – Protection of Registering Entity.
2-16-109. Protection of registering entity. (a) A registering entity is not required to offer or to accept a request for security registration in beneficiary form. If a registration in beneficiary form is offered by a registering entity, the owner requesting registration in beneficiary form assents to the protections given to the registering entity by this […]
Section 2-16-110 – Nontestamentary Transfer on Death.
2-16-110. Nontestamentary transfer on death. (a) A transfer on death resulting from a registration in beneficiary form is effective by reason of the contract regarding the registration between the owner and the registering entity and this act and is not testamentary. (b) This act does not limit the rights of creditors of security owners against […]