72-6-411. Effect of transfer on death deed during transferor's life.
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/mt/title-72/chapter-6/part-4/72-6-411·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
72-6-411 . Effect of transfer on death deed during transferor's life. During a transferor's life, a transfer on death deed does not:
(1)affect an interest or right of the transferor or any other owner, including the right to transfer or encumber the property;
(2)affect an interest or right of a transferee, even if the transferee has actual or constructive notice of the deed;
(3)affect an interest or right of a secured or unsecured creditor or future creditor of the transferor, even if the creditor has actual or constructive notice of the deed;
(4)affect the transferor's or designated beneficiary's eligibility for any form of public assistance;
(5)create a legal or equitable interest in favor of the designated beneficiary; or
(6)subject the property to claims or process of a creditor of the designated beneficiary.