South Dakota § 29A-6-414 Effect of transfer on death deed during transferor's life.

South Dakota Statutes

§ 29A-6-414 — Effect of transfer on death deed during transferor's life.

South Dakota·Title 29A UNIFORM PROBATE CODE·Ch. 29A-6 NON-PROBATE TRANSFERS

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 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 beneficiar

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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 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.

South Dakota § 29A-6-414 (Effect of transfer on death deed during transferor's life.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.