Real Property – Transfer–on–Death Deed – Establishment
What changed between versions
Added 'life estate deeds with powers' to the list of instruments covered by the Transfer-on-Death Deed Act, ensuring they are treated similarly to standard deeds for retroactive application.
Updated the list of sponsoring Senators to include Charles, Folden, James, Love, McKay, Muse, Smith, Sydnor, Waldstreicher, and West.
Reorganized the bill text to move the repeal of tax sections (Article - Tax - Property) to the end of the document for better logical flow.
Corrected the citation for the repeal of Section 3-104 from the 'Real Property' article to the 'Estates and Trusts' article in the bill's introductory text.
Clarified that the tax endorsement and intake sheet requirements for recording deeds do not apply to Transfer-on-Death Deeds or their revocations.