Alaska Statutes (Last Updated: January 11, 2017) |
Title 13. DECEDENTS' ESTATES, GUARDIANSHIPS, TRANSFERS, TRUSTS, AND HEALTH CARE DECISIONS. |
Chapter 13.48. UNIFORM REAL PROPERTY TRANSFER ON DEATH ACT. |
Section 13.48.080. Effect of transfer on death deed during transferor's life.
Latest version.
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During 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 transferee, even if the transferee 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.
Notes
History
(Sec. 2 ch 10 SLA 2014)