summary
Introduced
02/11/2022
02/11/2022
In Committee
02/11/2022
02/11/2022
Crossed Over
Passed
Dead
04/11/2022
04/11/2022
Introduced Session
2022 Regular Session
Bill Summary
Altering the Maryland Uniform Disclaimer of Property Interests Act to provide for the disclaimer of nonprobate transfers at death; providing for the creation, revocation, recordation, and effects of a transfer-on-death deed for real property; requiring the Administrative Office of the Courts to develop an informational sheet regarding transfer-on-death deeds for use at courthouses and on the website for the Maryland courts; providing example forms for the creation and revocation of a transfer-on-death deed; etc.
AI Summary
This bill alters the Maryland Uniform Disclaimer of Property Interests Act to allow for the disclaimer of nonprobate transfers at death. It establishes a new Maryland Real Property Transfer-on-Death (TOD) Act, which provides for the creation, revocation, recordation, and effects of TOD deeds for real property. The bill requires the Administrative Office of the Courts to develop an informational sheet on TOD deeds and provides example forms for the creation and revocation of TOD deeds. It also exempts TOD deeds from recordation and transfer taxes.
Committee Categories
Health and Social Services, Justice
Sponsors (2)
Last Action
House Judiciary Hearing (13:00 3/9/2022 ) (on 03/09/2022)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1270?ys=2022RS |
| BillText | https://mgaleg.maryland.gov/2022RS/bills/hb/hb1270f.pdf |
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