Amends Tennessee Code to establish rules for transfer on death deeds.

The bill amends Tennessee Code to establish rules for transfer on death deeds, including how they are created, recorded, and revoked. It specifies that a transfer on death deed is effective without notice or acceptance by the beneficiary during the transferor's life and without consideration. The bill also details the effect of a transfer on death deed during the transferor's life, the effect of the deed at the transferor's death, and the rules for revoking the deed. It applies to deeds made on or after July 1, 2025.

Amends Tennessee Code to establish rules for transfer on death deeds.

The bill amends Tennessee Code to establish rules for transfer on death deeds, including how they are created, recorded, and revoked. It specifies that a transfer on death deed is effective without notice or acceptance by the beneficiary during the transferor's life and without consideration. The bill also details the effect of a transfer on death deed during the transferor's life, the effect of the deed at the transferor's death, and the rules for revoking the deed. It applies to deeds made on or after July 1, 2025.