AK HB297

Creates Chapter 13.48 adopting the Uniform Real Property Transfer on Death Act, allowing individuals to transfer real property to designated beneficiaries effective upon death through a recorded deed.

Transfer on death deeds are revocable, nontestamentary instruments that require the same testamentary capacity as a will and must contain standard deed elements, state the transfer occurs at death, and be recorded before the transferor's death.

During the transferor's life, the deed has no effect on ownership rights, creditor claims, public assistance eligibility, or beneficiary interests; property transfers to beneficiaries at death only if the transferor still owns it and the beneficiary survives.

Deeds may be revoked only by recorded instrument (another transfer on death deed, express revocation document, or inter vivos deed), not by physical acts; joint owner deeds require revocation by all living joint owners.

Provides optional statutory forms for transfer on death deeds and revocation instruments, and amends AS 13.70 (Disclaimer Act) to require recording of real property disclaimers in the recorder's office where the property is located.