Real Property - Transfer-on-Death Deed - Establishment

Summary

If enacted, this bill would establish transfer-on-death deeds for real property in Maryland, allowing property owners to designate beneficiaries who receive the property directly upon death without probate. It provides revocation procedures and retroactive application for deeds executed before the effective date if the owner dies on or after October 1, 2026. Lenders and servicers should be aware of this new estate planning tool that affects title vesting and post-death property transfer processes.