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]

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.

Tracking Information

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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

DateChamberAction
2024-04-16 was introduced and adopted in lieu of HB 147

Delaware State Sources


Bill Comments

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