Utah Code 75-6-405. Transfer on death deed authorized
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(1) An individual may transfer property to one or more named beneficiaries effective at the transferor‘s death by a transfer on death deed.
Terms Used In Utah Code 75-6-405
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Individual: means a natural person. See Utah Code 75-6-402
- Property: means an interest in real property located in this state that is transferable on the death of the owner. See Utah Code 75-6-402
- Transfer on death deed: means a deed authorized under this part. See Utah Code 75-6-402
- Transferor: means an individual, in their individual capacity, who makes a transfer on death deed. See Utah Code 75-6-402
(2) A class gift may not be made by a transfer on death deed.