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.
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.
Track Tennessee Legislation Like a Pro
Join hundreds of professionals using LegisGo to stay ahead of legislative changes.
Instant Alerts
Get notified when bills you track move through the legislature
AI Summaries
Understand complex legislation in seconds with AI-powered analysis
Full Access
All 132 legislators, committee schedules, and voting records