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Section 461.026 Procedure to transfer tangible personal property to take effect on death of owner.

MO Rev Stat § 461.026 (2019) (N/A)
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Effective 28 Aug 1995

461.026. Procedure to transfer tangible personal property to take effect on death of owner. — 1. A deed of gift, bill of sale or other writing intended to transfer an interest in tangible personal property, that expressly states that the transfer is not to take effect until the death of the owner, transfers ownership to the designated transferee beneficiary, effective on death of the owner, if the instrument is in other respects sufficient to transfer the type of property involved and is executed by the owner and acknowledged before a notary public or other person authorized to administer oaths. A beneficiary transfer instrument need not be supported by consideration or be delivered to any transferee beneficiary.

2. This section does not preclude other methods of transferring ownership of tangible personal property that are permitted by law and that have the effect of postponing enjoyment of property until the death of the owner.

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(L. 1995 S.B. 116)

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Section 461.025 Deeds effective on death of owner — recording, effect.
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Section 461.027 Transferor may directly transfer property to a transferee to hold as owner in beneficiary form — transferee shall be owner of property for all purposes — transfer effective, when.