MS HB729

Creates the Mississippi Uniform Real Property Transfer on Death Act, allowing individuals to transfer real property interests to designated beneficiaries effective upon the transferor's death through a recorded deed.

Requires transfer on death deeds to contain essential elements of a recordable deed, state that transfer occurs at the transferor's death, and be recorded before the transferor's death in the county where the property is located.

Specifies that transfer on death deeds are revocable and nontestamentary, do not require notice, delivery, acceptance, or consideration, and do not affect the transferor's rights during their lifetime, including homestead rights and ad valorem tax exemptions.

Permits revocation only through a subsequent recorded transfer on death deed or recorded instrument of revocation acknowledged after the original deed, and prohibits revocation by will or by act.

Applies to transfer on death deeds executed and acknowledged on or after July 1, 2020, by transferors who die on or after July 1, 2020, and does not affect other lawful methods of transferring real property.