HI SB2799

Adopts the Uniform Real Property Transfer on Death Act, allowing property owners to designate beneficiaries to receive real property upon death without probate or formal will requirements.

Transfer on death deeds must contain essential elements of a recordable deed, state that transfer occurs at the transferor's death, and be recorded or filed before the transferor's death.

Transfer on death deeds are revocable, nontestamentary, and have no effect on the transferor's property rights during life—they do not affect creditors, transferee interests, or public assistance eligibility.

Upon the transferor's death, designated beneficiaries receive property subject to survival requirements, existing encumbrances, mortgages, liens, and creditor claims; joint owners retain survivorship rights.

Beneficiary disclaimers of real property interests must be recorded in the bureau of conveyances or filed with the land court; effective date is July 1, 2050.