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]
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]
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 […]
527-2 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 […]
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]
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]
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 […]