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 2-18-104 – 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 […]