This bill establishes the "Uniform Real Property Transfer on Death Act," which creates rules and procedures for transferring property to named beneficiaries upon the death of the owner through a transfer on death deed. The bill defines key terms, specifies that the deed is revocable and does not require notice or consideration, and outlines the requirements for a valid transfer on death deed.

The bill also clarifies that a transfer on death deed does not affect the interests or rights of a transferee, the transferor's creditors, or the transferor's eligibility for public assistance. It further outlines the rules that apply to property subject to a transfer on death deed upon the transferor's death, including the transfer of interests to designated beneficiaries and the contingency of their survival. The bill also includes provisions regarding disclaimers, liability for creditor claims, and the form of a transfer on death deed.