An Act relating to the transfer of a title on the death of the owner; and providing for an effective date.

HB 18 allows Alaska boat and vehicle owners to establish a "transfer on death" (TOD) title, bypassing probate. Owners can designate one or two beneficiaries via a simple application (with fee) to automatically transfer title upon their death. The bill specifies that TOD titles require no beneficiary acceptance, consideration, or probate court involvement, and owners may revoke or change beneficiaries anytime without notifying the beneficiary. This directly affects Alaska residents who own titled boats or vehicles and wish to simplify inheritance for their heirs.