summary
Introduced
01/20/2015
01/20/2015
In Committee
01/20/2015
01/20/2015
Crossed Over
Passed
Dead
07/31/2016
07/31/2016
Introduced Session
189th General Court
Bill Summary
For legislation to authorize owners of interests in real property to execute and record a transfer on death deed to such property. The Judiciary.
AI Summary
This bill allows owners of real estate to create and file a "transfer on death deed," which is a legal document that designates who will inherit the property upon the owner's death. This deed will clearly name the beneficiary or beneficiaries who will receive the property. Importantly, while the deed is in effect, the named beneficiaries have no ownership rights to the property, and the current owner retains complete control, meaning they can sell, mortgage, or cancel the transfer on death deed at any point during their lifetime.
Committee Categories
Justice
Sponsors (4)
Last Action
Accompanied a study order, see H4706 (on 10/24/2016)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/189/House/H1565 |
| State Bill Page | https://malegislature.gov/Bills/189/H1565 |
| Bill | https://malegislature.gov/Bills/189/H1565.pdf |
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