SF 408: Relating to creation of transfer on death deeds and to disclaimers of an interest in real property, and including applicability provisions

What it does

This bill provides that an individual may execute a transfer on death deed which transfers real property outside of probate to one or more beneficiaries effective at the transferor’s death. To be valid, a transfer on death deed must contain the essential elements and formalities of a properly recordable inter vivos deed, state that the transfer to the designated beneficiary is to occur at the transferor’s death, and be recorded before the transferor’s death in the office of the county recorder. A transfer on death deed is revocable, even if the deed states that the deed is irrevocable.

Senate subcommittee · named February 25, 2025

• Sen. Jason Schultz (R) · jason.schultz@legis.iowa.gov
• Sen. Matt Blake (D) · matt.blake@legis.iowa.gov
• Sen. Mike Bousselot (R) · mike.bousselot@legis.iowa.gov

Lobbying · 8 for, 4 against

For: AARP Iowa; Greater Des Moines Habitat for Humanity; Habitat for Humanity of Iowa; Iowa Association of Realtors; Iowa Commission on Uniform State Laws c/o David S. Walker, Chair; Iowa Farm Bureau Federation; Iowa Housing Partnership; VALOR Iowa

Against: Association of Iowa Cemeteries; Iowa Funeral Directors Association; Iowa State Bar Association; The Iowa Academy of Trust and Estate Counsel

In plain words

1. February 20, 2025Filed in the Senate and sent to the Judiciary committee
2. February 25, 2025Senate subcommittee named: Schultz, Blake and Bousselot