Establishes the Uniform Real Property Transfer on Death Act in Iowa, allowing property transfers outside of probate at the owner's death.

The bill introduces the Uniform Real Property Transfer on Death Act in Iowa, enabling individuals to transfer real property to designated beneficiaries upon their death, bypassing the probate process. A transfer on death deed must be recorded before the owner's death and contains specific elements and formalities. The deed is revocable and does not affect the owner's interest in the property during their lifetime. The bill also allows for disclaimers of beneficiary interests and outlines the effect of transfer on death deeds during the owner's life and at their death.

Establishes the Uniform Real Property Transfer on Death Act in Iowa, allowing property transfers outside of probate at the owner's death.

The bill introduces the Uniform Real Property Transfer on Death Act in Iowa, enabling individuals to transfer real property to designated beneficiaries upon their death, bypassing the probate process. A transfer on death deed must be recorded before the owner's death and contains specific elements and formalities. The deed is revocable and does not affect the owner's interest in the property during their lifetime. The bill also allows for disclaimers of beneficiary interests and outlines the effect of transfer on death deeds during the owner's life and at their death.