IA HF816

Authorizes individuals in Iowa to execute transfer on death (TOD) deeds that transfer real property to designated beneficiaries upon the owner's death without going through probate

Requires TOD deeds to contain essential elements of a recordable deed, state that transfer occurs at death, and be recorded with the county recorder before the transferor's death to be valid

Makes TOD deeds revocable at any time by the transferor through recording a new TOD deed, an instrument of revocation, or an inter vivos deed that expressly revokes the original deed

Provides that during the transferor's lifetime, a TOD deed does not affect the transferor's ownership rights, create any interest for the beneficiary, or subject the property to beneficiary's creditors

Allows a transferor's estate to enforce claims against property transferred by TOD deed if the probate estate is insufficient to satisfy allowed claims or statutory allowances to surviving spouses or children, with proceedings required within 18 months of death