Section 13.19 Ownership of Property With Respect to Which a Beneficiary Designation Has Been Made, After the Original Owner Dies
| Library | Trusts and Powers 2013 Supp |
B. (§13.19) Ownership of Property With Respect to Which a Beneficiary Designation Has Been Made, After the Original Owner Dies
A nonprobate transfer takes effect automatically upon the owner’s death, and it is not delayed until the transferring entity changes the registered name on the property or benefits are paid to the beneficiary. Section 461.005(7), RSMo Supp. 2005, refers to “a transfer of property taking effect upon the death of the owner . . .” and § 461.031.3, RSMo 2000, provides: “On death of the...
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