Printable Format59-3501. Real estate; transfer-on-death. (a) An interest in real estate may be titled in transfer-on-death, TOD, form by recording a deed signed by the record owner of such interest, designating a grantee beneficiary or beneficiaries of the interest. Such deed shall transfer ownership of such interest upon the death of the owner. A transfer-on-death deed need not be supported by consideration.
(b) The signature, consent or agreement of or notice to a grantee beneficiary of a transfer-on-death deed shall not be required for any purpose during the lifetime of the record owner.
History: L. 1997, ch. 176, ยง 1; July 1.
CASE ANNOTATIONS
1. Growing crops on real estate transferred by TOD deed passed to grantee beneficiary, not to decedent's administrator or executor as personalty. In re Estate of Roloff, 36 K.A.2d 684, 695, 143 P.3d 406 (2006).
2. Cited in discussion of property received as payable on death beneficiary; not included in bankruptcy estate. In re Hall, 394 B.R. 582, 596 (2008).