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 modifies AS 13.33.101(a) to clarify that a transfer on death title for boats and vehicles is considered a nontestamentary transfer. It includes provisions for revocation or changes to the designated beneficiary during the owner's lifetime, and it specifies that the transfer is effective without notice or acceptance by the beneficiary. Furthermore, the bill allows the Department of Administration to adopt necessary regulations for implementation, with an effective date set for July 1, 2025, except for certain provisions that take effect immediately.

Statutes affected:
SB0104A, AM SB 104, introduced 02/19/2025: 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