711.509

Nontestamentary transfer on death.

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711.509 Nontestamentary transfer on death.—

(1) A transfer on death resulting from a registration in beneficiary form is effective by reason of the contract regarding the registration between the owner and the registering entity and ss. 711.50-711.512 and is not testamentary.

(2) Sections 711.50-711.512 do not limit the rights of creditors of security owners against beneficiaries and other transferees under other laws of this state.

History.—s. 3, ch. 94-216.

Notes of Decisions

Cited in 1 case, 2011–2011 · leading case: LAURITSEN v. Wallace

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LAURITSEN v. Wallace (2011) fladistctapp · cites it 2× “(2007) (bank account may be designated to be paid on death and excluded as an asset of the decedent’s probate estate); § 711.509, Fla. Stat. (2007) (allows for securities to be transferred upon death by non-testamentary transfer).”

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