Uniform Transfer-on-Death Securities Registration Act
- Uniform Transfer-on-Death Securities Registration Act
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A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. This is called registering the securities in beneficiary or transfer-on-death form. The owner of the securities can register them with a broker using a simple form that names a person to receive the property after the owner's death. Every state but Texas has adopted the statute.
Category: Personal Finance & Retirement
Category: Wills, Trusts & Estates → Living Trusts & Avoiding Probate
Nolo’s Plain-English Law Dictionary.
Gerald N. Hill, Kathleen Thompson Hill.
2009.
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