(a) “Revocable transfer on death deed” means an instrument created pursuant to this part that does all of the following:
(1) Makes a donative transfer of real property to a named beneficiary.
(2) Operates on the transferor’s death.
(3) Remains revocable until the transferor’s death.
(b) A revocable transfer on death deed may also be known as a “revocable TOD deed.”
(c) A revocable transfer on death deed may be used to transfer real property even if ownership of the property is not typically evidenced or transferred by use of a deed.
(Amended by Stats. 2023, Ch. 62, Sec. 2. (AB 288) Effective January 1, 2024. Repealed as of January 1, 2032, pursuant to Section 5600.)