For the purposes of this subchapter, the term:
- (1) “Beneficiary” means a person that receives property under a transfer on death deed.
- (2) “Designated beneficiary” means a person designated to receive property in a transfer on death deed.
- (3) “Joint owner” means an individual who owns property concurrently with one or more other individuals with a right of survivorship. The term “joint owner” includes a joint tenant and tenancy by the entirety. The term “joint owner” does not include a tenancy in common.
- (4) “Person” means an individual, estate, business or nonprofit entity, public corporation, government or governmental subdivision, agency, or instrumentality, or any other legal entity.
- (5) “Property” means an interest in real property located in the District of Columbia, which is transferable on the death of the owner.
- (6) “Transfer on death deed” means a deed authorized under this subchapter.
- (7) “Transferor” means an individual who makes a transfer on death deed.
History
Mar. 19, 2013, D.C. Law 19-230, § 2(b), 59 DCR 13606