Maryland SB145 allows owners of motor vehicles and marine vessels to designate a beneficiary to inherit ownership upon their death.

Maryland SB145 modifies state law to allow owners of motor vehicles and marine vessels to designate a beneficiary to inherit ownership upon their death. Owners can designate a beneficiary by applying to the appropriate state department. The designation can be revoked or changed at any time before the owner's death. If the beneficiary survives the owner, they must apply for a new certificate of title. If the beneficiary does not survive, the vehicle or vessel becomes part of the owner's estate. The designation does not require consideration and does not affect ownership until the owner's death.

Maryland SB145 allows owners of motor vehicles and marine vessels to designate a beneficiary to inherit ownership upon their death.

Maryland SB145 modifies state law to allow owners of motor vehicles and marine vessels to designate a beneficiary to inherit ownership upon their death. Owners can designate a beneficiary by applying to the appropriate state department. The designation can be revoked or changed at any time before the owner's death. If the beneficiary survives the owner, they must apply for a new certificate of title. If the beneficiary does not survive, the vehicle or vessel becomes part of the owner's estate. The designation does not require consideration and does not affect ownership until the owner's death.