SB0984Second Reading

Amends TCA Title 8; Title 30; Title 31; Title 32; Title 35; Title 55; Title 66 and Title 67.

Tennessee SB0984 establishes the "Uniform Real Property Transfer on Death Act," allowing individuals to transfer real property and motor vehicle titles to designated beneficiaries upon their death through a transfer on death deed or certificate of title. The bill affects property owners and their beneficiaries, outlining requirements for creating, revoking, and executing these transfers, including the need for recording the deed and the conditions under which beneficiary interests vest. Key provisions include the revocability of the transfer on death deed, the treatment of concurrent interests among beneficiaries, and the ability to designate beneficiaries for motor vehicle titles.

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Overview

Tennessee SB0984 establishes the "Uniform Real Property Transfer on Death Act," allowing individuals to transfer real property and motor vehicle titles to designated beneficiaries upon their death through a transfer on death deed or certificate of title. The bill affects property owners and their beneficiaries, outlining requirements for creating, revoking, and executing these transfers, including the need for recording the deed and the conditions under which beneficiary interests vest. Key provisions include the revocability of the transfer on death deed, the treatment of concurrent interests among beneficiaries, and the ability to designate beneficiaries for motor vehicle titles.

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Sponsor

Southerland, Steve

Details
Session

114th General Assembly

Introduced

February 5, 2025

Last Action

February 12, 2025

Passed on Second Consideration, refer to Senate Judiciary Committee

Subjects
Real PropertyTitles, ShortWillsDeedsDeath

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