§ 76-3414 — Effect of transfer on death deed during transferor's life

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 except to the extent provided in section 76-3421 ;
(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.

Legislative History

Source: Laws 2012, LB536, § 14.