Current through the 2023 Legislative Session.
Section 5614 - [Effective until 1/1/2032] Revocable transfer defined(a) "Revocable transfer on death deed" means an instrument created pursuant to this part that does all of the following: (1) Makes a donative transfer of real property to a named beneficiary.(2) Operates on the transferor's death.(3) Remains revocable until the transferor's death.(b) A revocable transfer on death deed may also be known as a "revocable TOD deed."(c) A revocable transfer on death deed may be used to transfer real property even if ownership of the property is not typically evidenced or transferred by use of a deed.Amended by Stats 2023 ch 62 (AB 288),s 2, eff. 1/1/2024.Added by Stats 2015 ch 293 (AB 139),s 17, eff. 1/1/2016.