461.026. Procedure to transfer tangible personal property to take effect on death of owner. - Missouri Statutes

Procedure to transfer tangible personal property to take effect ondeath of owner.

461.026. 1. A deed of gift, bill of sale or other writing intendedto transfer an interest in tangible personal property, that expresslystates that the transfer is not to take effect until the death of theowner, transfers ownership to the designated transferee beneficiary,effective on death of the owner, if the instrument is in other respectssufficient to transfer the type of property involved and is executed by theowner and acknowledged before a notary public or other person authorized toadminister oaths. A beneficiary transfer instrument need not be supportedby consideration or be delivered to any transferee beneficiary.

2. This section does not preclude other methods of transferringownership of tangible personal property that are permitted by law and thathave the effect of postponing enjoyment of property until the death of theowner.

(L. 1995 S.B. 116)