S 3376 New Jersey Senate · 2024-2025 Regular Session

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
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Jun 3, 2024
Introduced
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee
upper
2 primary · 1 co-sponsor

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