DE HB147 | 2023-2024 | 152nd General Assembly
Status
Spectrum: Strong Partisan Bill (Democrat 12-1)
Status: Introduced on April 16 2024 - 25% progression
Action: 2024-04-16 - was introduced and adopted in lieu of HB 147
Text: Latest bill text (Draft #2) [HTML]
Status: Introduced on April 16 2024 - 25% progression
Action: 2024-04-16 - was introduced and adopted in lieu of HB 147
Text: Latest bill text (Draft #2) [HTML]
Summary
This Act is a substitute for House Bill No. 147. Like House Bill No. 147, this Act provides a mechanism for the nonprobate transfer of real estate. This is done by permitting an owner of an interest in real estate to execute and record a transfer on death (TOD) deed designating a beneficiary who will automatically receive the real estate on the owner's death without a probate procedure. During the owner's lifetime the beneficiary of a TOD deed has no interest in the real estate and the owner retains full power to transfer or encumber the real estate or to revoke the deed.
Title
An Act To Amend Title 12, Title 25, And Title 30 Of The Delaware Code Relating To The Uniform Real Property Transfer On Death Act.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2024-04-16 | was introduced and adopted in lieu of HB 147 |