Conveyancing and Recording

ORS 93.967
URPTDA 12. Effect of transfer on death deed during transferor’s life


During a transferor’s life, a transfer on death deed does not:

(1)

Affect an interest or right of the transferor or any other owner, including the right to transfer or encumber the property;

(2)

Affect an interest or right of a designated beneficiary, even if the designated beneficiary has actual or constructive notice of the deed;

(3)

Affect an interest or right of a secured, unsecured or future creditor of the transferor even if the creditor has actual or constructive notice of the deed;

(4)

Affect the eligibility of the transferor or a designated beneficiary for any form of public assistance or medical assistance, as defined in ORS 414.025 (Definitions for ORS chapters 411, 413 and 414);

(5)

Create a legal or equitable interest in favor of the designated beneficiary; or

(6)

Subject the property to claims or process of a secured, unsecured or future creditor of the designated beneficiary. [2011 c.212 §12; 2013 c.688 §9]
Note: See note under 93.948 (URPTDA 1. Short title).
Chapter 93

Atty. Gen. Opinions

Records involving title to real property registered under the Torrens system, (1972) Vol 35, p 1032


Source

Last accessed
Jun. 26, 2021