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Current as of January 01, 2024 | Updated by Findlaw Staff
In this article:
(1) “Beneficiary” means a person who receives property under a transfer on death deed.
(2) “Contingent beneficiary” means a person designated in a transfer on death deed to receive property only if a different person fails to survive the transferor.
(3) “Designated beneficiary” means a person designated to receive property in a transfer on death deed. The term includes contingent beneficiaries.
(4) “Joint owner” means an individual who owns property concurrently with one or more other individuals with a right of survivorship.
(5) “Person” means an individual, corporation, business trust, estate, trust, partnership, limited liability company, association, joint venture, public corporation, government or governmental subdivision, agency or instrumentality, or any other legal or commercial entity.
(6) “Property” means an interest in real property located in this state which is transferable on the death of the owner.
(7) “Transfer on death deed” means a deed authorized under this article.
(8) “Transferor” means an individual who makes a transfer on death deed.
Cite this article: FindLaw.com - West Virginia Code Chapter 36. Estates and Property § 36-12-2. Definitions - last updated January 01, 2024 | https://codes.findlaw.com/wv/chapter-36-estates-and-property/wv-code-sect-36-12-2/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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