Real Property - As introduced, enacts the "Tennessee Uniform Real Property Transfer on Death Act." - Amends TCA Title 8; Title 30; Title 31; Title 32; Title 35; Title 55; Title 66 and Section 67-4-409.

SB 2029 establishes Tennessee's "Uniform Real Property Transfer on Death Act," allowing property owners to designate beneficiaries who automatically inherit real estate upon the owner's death without probate. The bill creates a new legal mechanism: owners can record a "transfer on death deed" (which must name beneficiaries and state the transfer occurs at death) before their death, retaining full control of the property during life and the right to revoke or change the deed anytime. This directly affects Tennessee property owners seeking to simplify inheritance for their heirs, as it bypasses court involvement while keeping the property exempt from creditors' claims during the owner's lifetime. The law does not replace existing transfer methods but adds a new, straightforward option for property transfer.