Maine Revised Statutes Title 18-C Sec. 6-405 – Transfer on death deed authorized
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Terms Used In Maine Revised Statutes Title 18-C Sec. 6-405
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Property: means an interest in real property located in this State that is transferable on the death of the owner. See Maine Revised Statutes Title 18-C Sec. 6-402
- Transferor: means an individual who makes a transfer on death deed. See Maine Revised Statutes Title 18-C Sec. 6-402
An individual may transfer for no consideration property to one or more beneficiaries effective at the transferor‘s death by a transfer on death deed. [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]
SECTION HISTORY
PL 2017, c. 402, Pt. A, §2 (NEW). PL 2017, c. 402, Pt. F, §1 (AFF). PL 2019, c. 417, Pt. B, §14 (AFF).