Bill > SB42

This bill requires beneficiaries who receive property through a transfer on death deed to file a notice of death affidavit with a local registry of deeds within 60 days after the original property owner (transferor) passes away. A transfer on death deed is a legal document that allows a property owner to designate who will inherit their real estate without going through probate court, which can be a time-consuming and expensive process. By mandating that beneficiaries submit a detailed affidavit within this 60-day window, the bill aims to ensure proper documentation and facilitate communication with local tax assessors, who need accurate records of property transfers. The bill will go into effect 60 days after its passage, giving beneficiaries a clear timeframe for complying with the new documentation requirement.