This bill amends existing laws in Alaska to establish a process for the transfer of boat and vehicle titles upon the death of the owner. A new section, AS 05.25.058, allows boat owners to obtain a transfer on death title, which will facilitate the transfer of ownership to a designated beneficiary without the need for probate. Additionally, the bill introduces AS 13.33.401, which outlines the procedures for obtaining a transfer on death title for both boats and vehicles, including requirements for applications, fees, and the rights of designated beneficiaries. The bill also clarifies that such transfers are nontestamentary and can be revoked or changed by the owner during their lifetime.

Furthermore, the bill modifies AS 13.33.101(a) to include provisions for transfer on death titles for boats and vehicles, and it amends AS 28.10 to ensure that vehicle owners can also obtain a transfer on death title. The legislation includes specific language regarding the rights and responsibilities of designated beneficiaries, the process for revoking or changing titles, and the conditions under which the transfer is effective. The bill is set to take effect on July 1, 2025, with immediate provisions for the Department of Administration to adopt necessary regulations for implementation.

Statutes affected:
HB0018A, AM HB 18, introduced 01/10/2025: 13.33.401, 13.33.101, 13.12.203, 13.12.803, 13.12.804, 05.25.055, 05.25.056, 28.10.201, 13.48.110, 28.10.211, 28.10.271