§ 58-1254. Revocation or change of grantee beneficiary - Effect of will.

A.  A designation of the grantee beneficiary may be revoked at any time prior to the death of the record owner, by executing, acknowledging and recording in the office of the county clerk in the county where the real estate is located an instrument revoking the designation.  The signature, consent or agreement of or notice to the grantee beneficiary or beneficiaries to the revocation is not required.

B.  A designation of the grantee beneficiary may be changed at any time prior to the death of the record owner, by executing, acknowledging and recording a subsequent transfer-on-death deed in accordance with the Nontestamentary Transfer of Property Act.  The signature, consent or agreement of or notice to the grantee beneficiary or beneficiaries is not required.  A subsequent transfer-on-death beneficiary designation revokes all prior designations of grantee beneficiary or beneficiaries by the record owner for the interest in real estate.

C.  A transfer-on-death deed executed, acknowledged and recorded in accordance with the Nontestamentary Transfer of Property Act may not be revoked by the provisions of a will.

Added by Laws 2008, c. 78, § 4, eff. Nov. 1, 2008.  Amended by Laws 2011, c. 372, § 2, eff. Nov. 1, 2011.