Bill Information: Establishing the Maryland Uniform Real Property Transfer-on-Death (TOD) Act; authorizing an individual to transfer specified property to one or more beneficiaries effective at the transferor’s death by a transfer-on-death deed; establishing that a transfer-on-death deed is revocable and nontestamentary; providing that the capacity required to make or revoke a transfer-on-death deed is the same as that required to make a will; etc. You can download the full text of HB0186 here.
Why This Bill is Important: Beyond the obvious benefit, in Baltimore City, so many of our vacant properties are “owned” by dead people, or heirs who are in the wind, having no interest in going through the lengthy probate process to take title to a home that may or may not be of much value. This could allow for quicker disposition of the property, reducing the number of vacant blighted structures across the state.
What You Can Do Now: No matter where you are in Maryland, contact your legislators, and ask them to support this bill.