California 2017-2018 Regular Session

California Assembly Bill AB1739 Compare Versions

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Version 2 (New)

Old	New		Differences
1		-	Assembly Bill No. ~~1739 CHAPTER 65~~ An act to amend Section 5626 of the Probate Code, relating to nonprobate transfers, and declaring the urgency thereof, to take effect immediately. ~~[ Approved by Governor July 09, 2018. Filed with Secretary of State July 09, 2018. ]~~ LEGISLATIVE COUNSEL'S DIGESTAB 1739, Chau. Nonprobate transfers: revocable transfer on death deeds.Existing law governs the execution, revocation, and effectiveness of a revocable transfer on death deed, defined as an instrument that makes a donative transfer of property to a named beneficiary that operates on the transferors death, and remains revocable until the transferors death. Existing law establishes a statutory form of revocable transfer on death deed that must be notarized and signed under penalty of perjury by the transferor and recorded with the county recorder, as specified. Existing law requires that subsequent pages of that form include common questions regarding the use of the form. Existing law requires that, in order to be effective, a revocable transfer on death deed must be recorded on or before 60 days after the date it was executed.This bill would provide that the requirement of recordation described above does not require the recordation of the pages of the statutory form that include the common questions about the use of the form, and a failure to record those pages does not affect the effectiveness of a revocable transfer on death deed. The bill would apply these provisions to revocable transfer on death deeds executed before, on, or after the effective date of these provisions, as specified.This bill would declare that it is to take effect immediately as an urgency statute.Digest Key Vote: 2/3 Appropriation: NO Fiscal Committee: NO Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 5626 of the Probate Code is amended to read:5626. (a) A revocable transfer on death deed is not effective unless the deed is recorded on or before 60 days after the date it was executed.(b) The transferor is not required to deliver a revocable transfer on death deed to the beneficiary during the transferors life.(c) The beneficiary is not required to accept a revocable transfer on death deed from the transferor during the transferors life.(d) (1) Subdivision (a) does not require the recordation of the Common Questions language that is specified in subdivision (b) of Section 5642. The failure to record that part of the statutory form has no effect on the effectiveness of a revocable transfer on death deed.(2) (A) This subdivision applies to a revocable transfer on death deed executed on or after the effective date of the act that added this subdivision.(B) This subdivision applies to a revocable transfer on death deed executed before the effective date of the act that added this subdivision only if the transferor was alive on the effective date of the act that added this subdivision.SEC. 2. This act is an urgency statute necessary for the immediate preservation of the public peace, health, or safety within the meaning of Article IV of the California Constitution and shall go into immediate effect. The facts constituting the necessity are:In order to clarify an ambiguity in existing law regarding transfers upon death at the earliest possible time, it is necessary that this statute take effect immediately.
	1	+	Enrolled June 27, 2018 Passed IN Senate June 25, 2018 Passed IN Assembly April 05, 2018 Amended IN Assembly March 06, 2018 CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION Assembly Bill No. 1739Introduced by Assembly Member ChauJanuary 03, 2018 An act to amend Section 5626 of the Probate Code, relating to nonprobate transfers, and declaring the urgency thereof, to take effect immediately. LEGISLATIVE COUNSEL'S DIGESTAB 1739, Chau. Nonprobate transfers: revocable transfer on death deeds.Existing law governs the execution, revocation, and effectiveness of a revocable transfer on death deed, defined as an instrument that makes a donative transfer of property to a named beneficiary that operates on the transferors death, and remains revocable until the transferors death. Existing law establishes a statutory form of revocable transfer on death deed that must be notarized and signed under penalty of perjury by the transferor and recorded with the county recorder, as specified. Existing law requires that subsequent pages of that form include common questions regarding the use of the form. Existing law requires that, in order to be effective, a revocable transfer on death deed must be recorded on or before 60 days after the date it was executed.This bill would provide that the requirement of recordation described above does not require the recordation of the pages of the statutory form that include the common questions about the use of the form, and a failure to record those pages does not affect the effectiveness of a revocable transfer on death deed. The bill would apply these provisions to revocable transfer on death deeds executed before, on, or after the effective date of these provisions, as specified.This bill would declare that it is to take effect immediately as an urgency statute.Digest Key Vote: 2/3 Appropriation: NO Fiscal Committee: NO Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 5626 of the Probate Code is amended to read:5626. (a) A revocable transfer on death deed is not effective unless the deed is recorded on or before 60 days after the date it was executed.(b) The transferor is not required to deliver a revocable transfer on death deed to the beneficiary during the transferors life.(c) The beneficiary is not required to accept a revocable transfer on death deed from the transferor during the transferors life.(d) (1) Subdivision (a) does not require the recordation of the Common Questions language that is specified in subdivision (b) of Section 5642. The failure to record that part of the statutory form has no effect on the effectiveness of a revocable transfer on death deed.(2) (A) This subdivision applies to a revocable transfer on death deed executed on or after the effective date of the act that added this subdivision.(B) This subdivision applies to a revocable transfer on death deed executed before the effective date of the act that added this subdivision only if the transferor was alive on the effective date of the act that added this subdivision.SEC. 2. This act is an urgency statute necessary for the immediate preservation of the public peace, health, or safety within the meaning of Article IV of the California Constitution and shall go into immediate effect. The facts constituting the necessity are:In order to clarify an ambiguity in existing law regarding transfers upon death at the earliest possible time, it is necessary that this statute take effect immediately.
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3		-	Assembly Bill No. 1739 CHAPTER 65 An act to amend Section 5626 of the Probate Code, relating to nonprobate transfers, and declaring the urgency thereof, to take effect immediately. [ Approved by Governor July 09, 2018. Filed with Secretary of State July 09, 2018. ] LEGISLATIVE COUNSEL'S DIGESTAB 1739, Chau. Nonprobate transfers: revocable transfer on death deeds.Existing law governs the execution, revocation, and effectiveness of a revocable transfer on death deed, defined as an instrument that makes a donative transfer of property to a named beneficiary that operates on the transferors death, and remains revocable until the transferors death. Existing law establishes a statutory form of revocable transfer on death deed that must be notarized and signed under penalty of perjury by the transferor and recorded with the county recorder, as specified. Existing law requires that subsequent pages of that form include common questions regarding the use of the form. Existing law requires that, in order to be effective, a revocable transfer on death deed must be recorded on or before 60 days after the date it was executed.This bill would provide that the requirement of recordation described above does not require the recordation of the pages of the statutory form that include the common questions about the use of the form, and a failure to record those pages does not affect the effectiveness of a revocable transfer on death deed. The bill would apply these provisions to revocable transfer on death deeds executed before, on, or after the effective date of these provisions, as specified.This bill would declare that it is to take effect immediately as an urgency statute.Digest Key Vote: 2/3 Appropriation: NO Fiscal Committee: NO Local Program: NO
	3	+	Enrolled June 27, 2018 Passed IN Senate June 25, 2018 Passed IN Assembly April 05, 2018 Amended IN Assembly March 06, 2018 CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION Assembly Bill No. 1739Introduced by Assembly Member ChauJanuary 03, 2018 An act to amend Section 5626 of the Probate Code, relating to nonprobate transfers, and declaring the urgency thereof, to take effect immediately. LEGISLATIVE COUNSEL'S DIGESTAB 1739, Chau. Nonprobate transfers: revocable transfer on death deeds.Existing law governs the execution, revocation, and effectiveness of a revocable transfer on death deed, defined as an instrument that makes a donative transfer of property to a named beneficiary that operates on the transferors death, and remains revocable until the transferors death. Existing law establishes a statutory form of revocable transfer on death deed that must be notarized and signed under penalty of perjury by the transferor and recorded with the county recorder, as specified. Existing law requires that subsequent pages of that form include common questions regarding the use of the form. Existing law requires that, in order to be effective, a revocable transfer on death deed must be recorded on or before 60 days after the date it was executed.This bill would provide that the requirement of recordation described above does not require the recordation of the pages of the statutory form that include the common questions about the use of the form, and a failure to record those pages does not affect the effectiveness of a revocable transfer on death deed. The bill would apply these provisions to revocable transfer on death deeds executed before, on, or after the effective date of these provisions, as specified.This bill would declare that it is to take effect immediately as an urgency statute.Digest Key Vote: 2/3 Appropriation: NO Fiscal Committee: NO Local Program: NO
	4	+
	5	+	Enrolled June 27, 2018 Passed IN Senate June 25, 2018 Passed IN Assembly April 05, 2018 Amended IN Assembly March 06, 2018
	6	+
	7	+	Enrolled June 27, 2018
	8	+	Passed IN Senate June 25, 2018
	9	+	Passed IN Assembly April 05, 2018
	10	+	Amended IN Assembly March 06, 2018
	11	+
	12	+	CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION
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5	14		Assembly Bill No. 1739
6		-	CHAPTER 65
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	16	+	Introduced by Assembly Member ChauJanuary 03, 2018
	17	+
	18	+	Introduced by Assembly Member Chau
	19	+	January 03, 2018
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8	21		An act to amend Section 5626 of the Probate Code, relating to nonprobate transfers, and declaring the urgency thereof, to take effect immediately.
9		-
10		-	[ Approved by Governor July 09, 2018. Filed with Secretary of State July 09, 2018. ]
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12	23		LEGISLATIVE COUNSEL'S DIGEST
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14	25		## LEGISLATIVE COUNSEL'S DIGEST
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16	27		AB 1739, Chau. Nonprobate transfers: revocable transfer on death deeds.
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18	29		Existing law governs the execution, revocation, and effectiveness of a revocable transfer on death deed, defined as an instrument that makes a donative transfer of property to a named beneficiary that operates on the transferors death, and remains revocable until the transferors death. Existing law establishes a statutory form of revocable transfer on death deed that must be notarized and signed under penalty of perjury by the transferor and recorded with the county recorder, as specified. Existing law requires that subsequent pages of that form include common questions regarding the use of the form. Existing law requires that, in order to be effective, a revocable transfer on death deed must be recorded on or before 60 days after the date it was executed.This bill would provide that the requirement of recordation described above does not require the recordation of the pages of the statutory form that include the common questions about the use of the form, and a failure to record those pages does not affect the effectiveness of a revocable transfer on death deed. The bill would apply these provisions to revocable transfer on death deeds executed before, on, or after the effective date of these provisions, as specified.This bill would declare that it is to take effect immediately as an urgency statute.
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20	31		Existing law governs the execution, revocation, and effectiveness of a revocable transfer on death deed, defined as an instrument that makes a donative transfer of property to a named beneficiary that operates on the transferors death, and remains revocable until the transferors death. Existing law establishes a statutory form of revocable transfer on death deed that must be notarized and signed under penalty of perjury by the transferor and recorded with the county recorder, as specified. Existing law requires that subsequent pages of that form include common questions regarding the use of the form. Existing law requires that, in order to be effective, a revocable transfer on death deed must be recorded on or before 60 days after the date it was executed.
21	32
22	33		This bill would provide that the requirement of recordation described above does not require the recordation of the pages of the statutory form that include the common questions about the use of the form, and a failure to record those pages does not affect the effectiveness of a revocable transfer on death deed. The bill would apply these provisions to revocable transfer on death deeds executed before, on, or after the effective date of these provisions, as specified.
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24	35		This bill would declare that it is to take effect immediately as an urgency statute.
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26	37		## Digest Key
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28	39		## Bill Text
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30	41		The people of the State of California do enact as follows:SECTION 1. Section 5626 of the Probate Code is amended to read:5626. (a) A revocable transfer on death deed is not effective unless the deed is recorded on or before 60 days after the date it was executed.(b) The transferor is not required to deliver a revocable transfer on death deed to the beneficiary during the transferors life.(c) The beneficiary is not required to accept a revocable transfer on death deed from the transferor during the transferors life.(d) (1) Subdivision (a) does not require the recordation of the Common Questions language that is specified in subdivision (b) of Section 5642. The failure to record that part of the statutory form has no effect on the effectiveness of a revocable transfer on death deed.(2) (A) This subdivision applies to a revocable transfer on death deed executed on or after the effective date of the act that added this subdivision.(B) This subdivision applies to a revocable transfer on death deed executed before the effective date of the act that added this subdivision only if the transferor was alive on the effective date of the act that added this subdivision.SEC. 2. This act is an urgency statute necessary for the immediate preservation of the public peace, health, or safety within the meaning of Article IV of the California Constitution and shall go into immediate effect. The facts constituting the necessity are:In order to clarify an ambiguity in existing law regarding transfers upon death at the earliest possible time, it is necessary that this statute take effect immediately.
31	42
32	43		The people of the State of California do enact as follows:
33	44
34	45		## The people of the State of California do enact as follows:
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36	47		SECTION 1. Section 5626 of the Probate Code is amended to read:5626. (a) A revocable transfer on death deed is not effective unless the deed is recorded on or before 60 days after the date it was executed.(b) The transferor is not required to deliver a revocable transfer on death deed to the beneficiary during the transferors life.(c) The beneficiary is not required to accept a revocable transfer on death deed from the transferor during the transferors life.(d) (1) Subdivision (a) does not require the recordation of the Common Questions language that is specified in subdivision (b) of Section 5642. The failure to record that part of the statutory form has no effect on the effectiveness of a revocable transfer on death deed.(2) (A) This subdivision applies to a revocable transfer on death deed executed on or after the effective date of the act that added this subdivision.(B) This subdivision applies to a revocable transfer on death deed executed before the effective date of the act that added this subdivision only if the transferor was alive on the effective date of the act that added this subdivision.
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38	49		SECTION 1. Section 5626 of the Probate Code is amended to read:
39	50
40	51		### SECTION 1.
41	52
42	53		5626. (a) A revocable transfer on death deed is not effective unless the deed is recorded on or before 60 days after the date it was executed.(b) The transferor is not required to deliver a revocable transfer on death deed to the beneficiary during the transferors life.(c) The beneficiary is not required to accept a revocable transfer on death deed from the transferor during the transferors life.(d) (1) Subdivision (a) does not require the recordation of the Common Questions language that is specified in subdivision (b) of Section 5642. The failure to record that part of the statutory form has no effect on the effectiveness of a revocable transfer on death deed.(2) (A) This subdivision applies to a revocable transfer on death deed executed on or after the effective date of the act that added this subdivision.(B) This subdivision applies to a revocable transfer on death deed executed before the effective date of the act that added this subdivision only if the transferor was alive on the effective date of the act that added this subdivision.
43	54
44	55		5626. (a) A revocable transfer on death deed is not effective unless the deed is recorded on or before 60 days after the date it was executed.(b) The transferor is not required to deliver a revocable transfer on death deed to the beneficiary during the transferors life.(c) The beneficiary is not required to accept a revocable transfer on death deed from the transferor during the transferors life.(d) (1) Subdivision (a) does not require the recordation of the Common Questions language that is specified in subdivision (b) of Section 5642. The failure to record that part of the statutory form has no effect on the effectiveness of a revocable transfer on death deed.(2) (A) This subdivision applies to a revocable transfer on death deed executed on or after the effective date of the act that added this subdivision.(B) This subdivision applies to a revocable transfer on death deed executed before the effective date of the act that added this subdivision only if the transferor was alive on the effective date of the act that added this subdivision.
45	56
46	57		5626. (a) A revocable transfer on death deed is not effective unless the deed is recorded on or before 60 days after the date it was executed.(b) The transferor is not required to deliver a revocable transfer on death deed to the beneficiary during the transferors life.(c) The beneficiary is not required to accept a revocable transfer on death deed from the transferor during the transferors life.(d) (1) Subdivision (a) does not require the recordation of the Common Questions language that is specified in subdivision (b) of Section 5642. The failure to record that part of the statutory form has no effect on the effectiveness of a revocable transfer on death deed.(2) (A) This subdivision applies to a revocable transfer on death deed executed on or after the effective date of the act that added this subdivision.(B) This subdivision applies to a revocable transfer on death deed executed before the effective date of the act that added this subdivision only if the transferor was alive on the effective date of the act that added this subdivision.
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50	61		5626. (a) A revocable transfer on death deed is not effective unless the deed is recorded on or before 60 days after the date it was executed.
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52	63		(b) The transferor is not required to deliver a revocable transfer on death deed to the beneficiary during the transferors life.
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54	65		(c) The beneficiary is not required to accept a revocable transfer on death deed from the transferor during the transferors life.
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56	67		(d) (1) Subdivision (a) does not require the recordation of the Common Questions language that is specified in subdivision (b) of Section 5642. The failure to record that part of the statutory form has no effect on the effectiveness of a revocable transfer on death deed.
57	68
58	69		(2) (A) This subdivision applies to a revocable transfer on death deed executed on or after the effective date of the act that added this subdivision.
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60	71		(B) This subdivision applies to a revocable transfer on death deed executed before the effective date of the act that added this subdivision only if the transferor was alive on the effective date of the act that added this subdivision.
61	72
62	73		SEC. 2. This act is an urgency statute necessary for the immediate preservation of the public peace, health, or safety within the meaning of Article IV of the California Constitution and shall go into immediate effect. The facts constituting the necessity are:In order to clarify an ambiguity in existing law regarding transfers upon death at the earliest possible time, it is necessary that this statute take effect immediately.
63	74
64	75		SEC. 2. This act is an urgency statute necessary for the immediate preservation of the public peace, health, or safety within the meaning of Article IV of the California Constitution and shall go into immediate effect. The facts constituting the necessity are:In order to clarify an ambiguity in existing law regarding transfers upon death at the earliest possible time, it is necessary that this statute take effect immediately.
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66	77		SEC. 2. This act is an urgency statute necessary for the immediate preservation of the public peace, health, or safety within the meaning of Article IV of the California Constitution and shall go into immediate effect. The facts constituting the necessity are:
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68	79		### SEC. 2.
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70	81		In order to clarify an ambiguity in existing law regarding transfers upon death at the earliest possible time, it is necessary that this statute take effect immediately.