HB18 allows Alaska boat and vehicle owners to designate beneficiaries for transfer on death titles.

HB18 amends Alaska law to allow boat and vehicle owners to designate beneficiaries for transfer on death titles. Upon the owner's death, the title transfers to the designated beneficiary without probate. The Department of Administration issues new titles to beneficiaries who submit proof of the owner's death. The transfer on death title does not affect the owner's or joint owner's rights, creditors' claims, or public assistance eligibility. Owners can revoke or change the designated beneficiary at any time. The Department may adopt regulations to implement the new provisions.

HB18 allows Alaska boat and vehicle owners to designate beneficiaries for transfer on death titles.

HB18 amends Alaska law to allow boat and vehicle owners to designate beneficiaries for transfer on death titles. Upon the owner's death, the title transfers to the designated beneficiary without probate. The Department of Administration issues new titles to beneficiaries who submit proof of the owner's death. The transfer on death title does not affect the owner's or joint owner's rights, creditors' claims, or public assistance eligibility. Owners can revoke or change the designated beneficiary at any time. The Department may adopt regulations to implement the new provisions.