Establishes "Uniform Real Property Transfer on Death Act."
This bill establishes New Jersey's "Uniform Real Property Transfer on Death Act," allowing residents aged 18 or older with sound mind to transfer real property (like homes or land) to designated beneficiaries upon their death using a "transfer on death deed." The deed is revocable during the owner's life, requires no beneficiary acceptance or payment, and transfers property automatically without probate. Key rules include: beneficiaries must survive the owner to inherit, concurrent beneficiaries share equally without survivorship rights, and the deed does not affect creditor claims against the owner or public assistance eligibility. It directly affects property owners seeking to simplify estate transfers while retaining full control during their lifetime.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jun 2024
Committee Review
Floor Vote
Governor
Introduced Jun 3, 2024
Last action Jun 3, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Jun 3, 2024
Introduced
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee
upper
2 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
P
Angela McKnight
DDemocratic
P
Shirley Turner
DDemocratic
Co
Paul Moriarty
DDemocratic
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