Va. Code § 64.2-631

Current with changes from the 2024 legislative session through ch. 845

Section 64.2-631 - 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 transferee, even if the transferee has actual or constructive notice of the deed;

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

4. Affect the transferor's or designated beneficiary's eligibility for any form of public assistance;

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

6. Subject the property to claims or process of a creditor of the designated beneficiary.

Va. Code § 64.2-631

2013, c. 390.

Added by Acts 2013 c. 390, § 1, eff. 7/1/2013.