This bill establishes rules and procedures for transferring property to named beneficiaries upon the death of the owner through a transfer on death deed. It defines key terms, outlines requirements for a valid transfer on death deed, and allows for revocation of the deed. The bill also clarifies that a transfer on death deed does not affect the rights or interests of the transferor or any other owner during the transferor's life. Additionally, the bill specifies 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 also clarifies that a transfer on death deed does not create a legal or equitable interest in favor of the designated beneficiary or subject the property to the claims or process of the designated beneficiary's creditors. The bill 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 a designated beneficiary's survival of the transferor. The bill also includes provisions regarding disclaimers, liability for creditor claims, and the form of a transfer on death deed. This bill introduces the option for property owners to execute a Transfer on Death (TOD) deed, which allows them to name beneficiaries who will receive the property upon their death without going through probate. The bill provides instructions on how to complete and revoke a TOD deed, including the option to complete a revocation form. The bill also includes a form for revocation and addresses common questions about the use of the form. The bill would take effect upon passage.