Uniform Transfer-on-Death Security Act
What is it? A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using a simple form that names a person to receive the property after the owners death. Every state but Texas has adopted the statute.Added By: Lillian
The Uniform Transfer-on-Death Security Act definition has been viewed 124 Time(s)!
Send To Friends!
If you'd like to send the Uniform Transfer-on-Death Security Act definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of Uniform Transfer-on-Death Security Act. If you need any more information on this term, please don't hesitate to contact us.