29A-6-414. Effect of transfer on death deed during transferor's life.
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/sd/title-29/chapter-29-6/29a-6-414A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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 designated beneficiary, even if the designated beneficiary 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.