Source: https://app.leg.wa.gov/rcw/default.aspx?cite=64.80&full=true
Timestamp: 2018-12-18 17:44:55
Document Index: 773183997

Matched Legal Cases: ['§ 2', '§ 5', '§ 6', '§ 7', '§ 8', '§ 9', '§ 10', '§ 11', '§ 12', '§ 13', '§ 14', '§ 15', '§ 1', '§ 3', '§ 4', '§ 16', '§ 17']

Chapter 64.80 RCW: UNIFORM REAL PROPERTY TRANSFER ON DEATH ACT
RCWs > Title 64 > Chapter 64.80
Chapter 64.80 RCW
64.80.010 Definitions.
64.80.020 Authorized—Prohibited use.
64.80.030 Revocable.
64.80.040 Nontestamentary.
64.80.050 Capacity of transferor.
64.80.060 Requirements.
64.80.070 Notice, delivery, acceptance, consideration not required.
64.80.080 Revocation, when authorized or prohibited.
64.80.090 Effect during transferor's life.
64.80.100 Effect at transferor's death.
64.80.110 Disclaimer of interest.
64.80.120 Liability for creditor claims and statutory allowances.
64.80.900 Short title.
64.80.901 Application.
64.80.902 Nonexclusivity.
64.80.903 Uniformity of application and construction—2014 c 58.
64.80.904 Relation to electronic signatures in global and national commerce act—2014 c 58.
64.80.010
The following definitions in this section apply throughout this chapter unless the context clearly requires otherwise.
(1) "Beneficiary" means a person that receives property under a transfer on death deed.
(2) "Designated beneficiary" means a person designated to receive property in a transfer on death deed.
(3) "Joint owner" means an individual who owns property concurrently with one or more other individuals with a right of survivorship. The term includes a joint tenant with a right to survivorship. The term does not include a tenant in common or owner of community property.
(4) "Person" means an individual, corporation, business trust, estate, trust, partnership, limited liability company, association, joint venture, public corporation, government or governmental subdivision, agency, or instrumentality, or any other legal or commercial entity.
(5) "Property" means an interest in real property located in this state which is transferable on the death of the owner.
(6) "Transfer on death deed" means a deed authorized under this chapter.
(7) "Transferor" means an individual who makes a transfer on death deed.
[ 2014 c 58 § 2.]
64.80.020
Authorized—Prohibited use.
An individual may transfer property to one or more beneficiaries effective at the transferor's death by a transfer on death deed. A transfer on death deed may not be used to effect a deed in lieu of foreclosure of a deed of trust.
[ 2014 c 58 § 5.]
64.80.030
[ 2014 c 58 § 6.]
64.80.040
Nontestamentary.
[ 2014 c 58 § 7.]
64.80.050
Capacity of transferor.
[ 2014 c 58 § 8.]
64.80.060
(1) Except as otherwise provided in subsection (2) of this section, must contain the essential elements and formalities of a properly recordable inter vivos deed;
(3) Must be recorded before the transferor's death in the public records in the office of the auditor of the county where the property is located.
[ 2014 c 58 § 9.]
64.80.070
Notice, delivery, acceptance, consideration not required.
[ 2014 c 58 § 10.]
64.80.080
Revocation, when authorized or prohibited.
(1) Subject to subsection (2) of this section, an instrument is effective to revoke a recorded transfer on death deed, or any part of it, only if the instrument:
(a) Is one of the following:
(i) A transfer on death deed that revokes the deed or part of the deed expressly or by inconsistency;
(ii) An instrument of revocation that expressly revokes the deed or part of the deed; or
(iii) An inter vivos deed that expressly revokes the transfer on death deed or part of the deed; and
(b) Is acknowledged by the transferor after the acknowledgment of the deed being revoked and recorded before the transferor's death in the public records in the office of the county auditor of the county where the deed is recorded.
(2) If a transfer on death deed is made by more than one transferor:
(a) Revocation by a transferor does not affect the deed as to the interest of another transferor;
(b) A deed of joint owners is revoked only if it is revoked by all of the joint owners living at the time that the revocation is recorded; and
(c) A deed of community property by both spouses or by both domestic partners is revoked only if it is revoked by both of the spouses or domestic partners, provided that if only one of the spouses or domestic partners is then surviving, that spouse or domestic partner may revoke the deed.
(3) After a transfer on death deed is recorded, it may not be revoked by a revocatory act on the deed.
(4) This section does not limit the effect of an inter vivos transfer of the property.
[ 2014 c 58 § 11.]
64.80.090
Effect during transferor's life.
(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;
[ 2014 c 58 § 12.]
64.80.100
Effect at transferor's death.
(1) Except as otherwise provided in this section, or in RCW 11.07.010, and 11.05A.030, on the death of the transferor, the following rules apply to property that is the subject of a transfer on death deed and owned by the transferor at death:
(a) Subject to (b) of this subsection, the interest in the property is transferred to the designated beneficiary in accordance with the deed.
(b) The interest of a designated beneficiary is contingent on the designated beneficiary surviving the transferor. The interest of a designated beneficiary that fails to survive the transferor lapses.
(c) Subject to (d) of this subsection, concurrent interests are transferred to the beneficiaries in equal and undivided shares with no right of survivorship.
(d) If the transferor has identified two or more designated beneficiaries to receive concurrent interests in the property, the share of one which lapses or fails for any reason is transferred to the other, or to the others in proportion to the interest of each in the remaining part of the property held concurrently.
(2) Subject to chapter 65.08 RCW, a beneficiary takes the property subject to all conveyances, encumbrances, assignments, contracts, mortgages, liens, and other interests to which the property is subject at the transferor's death, including liens recorded within twenty-four months after the transferor's death under RCW 41.05A.090 and 43.20B.080. For purposes of this subsection and chapter 65.08 RCW, the recording of the transfer on death deed is deemed to have occurred at the transferor's death.
(3) If a transferor is a joint owner and is:
(a) Survived by one or more other joint owners, the property that is the subject of a transfer on death deed belongs to the surviving joint owner or owners with right of survivorship; or
(b) The last surviving joint owner, the transfer on death deed is effective.
(4) If the property that is the subject of a transfer on death deed is community property and:
(a) The transferor is married and is not joined in the deed by the transferor's spouse or is in a registered domestic partnership and is not joined in the deed by the transferor's domestic partner, the transferor's interest in the property is transferred to the designated beneficiary in accordance with the deed on the transferor's death; or
(b) The transferor is married and is joined in the deed by the transferor's spouse, or is in a registered domestic partnership and is joined in the deed by the transferor's domestic partner, and:
(i) Is survived by the transferor's spouse or domestic partner, the deed is not effective upon the transferor's death; or
(ii) Is the surviving spouse or domestic partner, the transfer on death deed is effective on the transferor's death with respect to the transferor's interest in the property as of the time of the transferor's death.
(5) A transfer on death deed transfers property without covenant or warranty of title even if the deed contains a contrary provision.
[ 2014 c 58 § 13.]
64.80.110
Disclaimer of interest.
A beneficiary may disclaim all or part of the beneficiary's interest as provided by chapter 11.86 RCW.
[ 2014 c 58 § 14.]
64.80.120
A beneficiary of a transfer on death deed is liable for an allowed claim against the transferor's probate estate and statutory allowances to a surviving spouse and children to the extent provided in RCW 11.18.200, 11.42.085, and chapter 11.54 RCW.
[ 2014 c 58 § 15.]
64.80.900
This chapter may be cited as the Washington uniform real property transfer on death act.
[ 2014 c 58 § 1.]
64.80.901
This chapter applies to a transfer on death deed made before, on, or after June 12, 2014, by a transferor dying on or after June 12, 2014.
[ 2014 c 58 § 3.]
64.80.902
The chapter does not affect any method of transferring property otherwise permitted under the law of this state.
[ 2014 c 58 § 4.]
64.80.903
Uniformity of application and construction—2014 c 58.
[ 2014 c 58 § 16.]
64.80.904
Relation to electronic signatures in global and national commerce act—2014 c 58.
Chapter 58, Laws of 2014 modifies, limits, and supersedes the federal electronic signatures in global and national commerce act, 15 U.S.C. Sec. 7001, et seq., but does not modify, limit, or supersede section 101(c) of that act, 15 U.S.C. Sec. 7001(c), or authorize electronic delivery of any of the notices described in section 103(b) of that act, 15 U.S.C. Sec. 7003(b).
[ 2014 c 58 § 17.]