HI SB105

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

Transfer on death deeds are revocable during the transferor's lifetime and do not affect the transferor's ownership rights, creditor claims, or public assistance eligibility.

Property transfers to designated beneficiaries upon the transferor's death, contingent on the beneficiary surviving the transferor, with concurrent interests transferred equally and without survivorship rights.

Exempts transfer on death deeds from the documentary transfer tax under Hawaii Revised Statutes Section 247-3.

Effective July 1, 2011, applies to transfer on death deeds executed by a transferor who dies on or after that date; land court registered property requires petition filing for title transfer.