Section 29A-6-414 - Effect of transfer on death deed during transferor's lifeDuring a transferor's life, a transfer on death deed does not:
(1) Affect an interest or right of the transferor or any other owner, including the right to transfer or encumber the property;(2) Affect an interest or right of a designated beneficiary, even if the designated beneficiary has actual or constructive notice of the deed;(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;(4) Affect the transferor's or designated beneficiary's eligibility for any form of public assistance;(5) Create a legal or equitable interest in favor of the designated beneficiary; or(6) Subject the property to claims or process of a creditor of the designated beneficiary.Added by S.L. 2014, ch. 133,s. 14, eff. 7/1/2014.