Bill > S160

This bill enacts the Uniform Real Property Transfer on Death Act, which allows individuals to transfer real property to designated beneficiaries upon their death through a transfer on death deed. The bill also allows for the designation of a beneficiary on vehicle certificates of title. The key provisions include the definition of key terms, the authorization and revocability of transfer on death deeds, the effect of such deeds during the transferor's life and at their death, and the liability of the transferred property for creditor claims and statutory allowances. The bill also provides optional forms for the transfer on death deed and its revocation. The provisions of this act apply to transfer on death deeds or beneficiary designations made before, on, or after the effective date of the act, as long as the transferor dies on or after the effective date.

Justice

https://www.ncleg.gov/BillLookUp/2023/S160