Section 19 Transfer on Death
| Library | Tax Law 2009 |
Section 301.681, RSMo Supp. 2007, allows a motor vehicle owner or owners to designate a “transfer on death” (TOD) beneficiary on a title as long as the title is held by a sole owner, joint tenants, or tenants by the entirety. Tenants in common may not use this provision. Section 301.675, RSMo 2000, makes a presumption that all titles held in more than one name are held in joint tenancy unless tenancy in common is elected on the title application.
The TOD provision provides the owner of a vehicle with an...
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