Uniform Transfer-on-Death Securities Registration Act

Definition of "Uniform Transfer-on-Death Securities Registration Act"
  1. A law enabling individuals to nominate a beneficiary to inherit bonds or stocks without undergoing probate, by registering these assets with a broker in a transfer-on-death form
How to use "Uniform Transfer-on-Death Securities Registration Act" in a sentence
  1. Under the Uniform Transfer-on-Death Securities Registration Act, he assigned his stocks to his daughter.
  2. She chose to bypass probate and use the Uniform Transfer-on-Death Securities Registration Act to register her bonds in her son's name.
  3. They opted for a simple form under the Uniform Transfer-on-Death Securities Registration Act to ensure their securities went to their chosen beneficiary.
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