HB 68-FN is a bill that adopts the Uniform Real Property Transfer on Death Act in New Hampshire. The act establishes a process for transferring property to designated beneficiaries upon the death of the owner. It defines terms, outlines requirements for a valid transfer on death deed, and addresses the effect of a transfer on death deed on creditors and public assistance eligibility. The bill also specifies that a beneficiary takes the property subject to conveyances, encumbrances, contracts, and claims of creditors, and clarifies that property conveyed by a transfer on death deed is not considered part of the probate estate for certain purposes. The bill establishes procedures for contesting the validity of a transfer on death deed and provides optional forms for creating and revoking a transfer on death deed. It also includes provisions related to tax exemptions and the jurisdiction of the probate court. The bill will take effect on July 1, 2023.

Statutes affected:
As Amended by the House: 78-B:2, 547:3