Today's Law As Amended

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AB-1739 Nonprobate transfers: revocable transfer on death deeds.(2017-2018)



SECTION 1.

 Section 5626 of the Probate Code is amended to read:

5626.
 (a) A revocable transfer on death deed is not effective unless the deed is recorded on or before 60 days after the date it was executed.
(b) The transferor is not required to deliver a revocable transfer on death deed to the beneficiary during the transferor’s life.
(c) The beneficiary is not required to accept a revocable transfer on death deed from the transferor during the transferor’s life.
(d) (1) Subdivision (a) does not require the recordation of the “Common Questions” language that is specified in subdivision (b) of Section 5642. The failure to record that part of the statutory form has no effect on the effectiveness of a revocable transfer on death deed.
(2) (A) This subdivision applies to a revocable transfer on death deed executed on or after the effective date of the act that added this subdivision.
(B) This subdivision applies to a revocable transfer on death deed executed before the effective date of the act that added this subdivision only if the transferor was alive on the effective date of the act that added this subdivision.
SEC. 2.
 This act is an urgency statute necessary for the immediate preservation of the public peace, health, or safety within the meaning of Article IV of the California Constitution and shall go into immediate effect. The facts constituting the necessity are:
In order to clarify an ambiguity in existing law regarding transfers upon death at the earliest possible time, it is necessary that this statute take effect immediately.