Delaware’s newly passed Transfer on Death Act (HB 147) gives property owners a new way to plan for the future by allowing them to designate beneficiaries who will receive their real estate upon their passing, without going through probate. The act allows owners to maintain full control of their property during their lifetime, including the ability to sell, change, or revoke the deed. Learn more about how this legislation works, what it means for Delaware property owners, and why consulting with an attorney is an important step in protecting your interests.
The following is directly from New Castle County and more information can be found at https://www.newcastlede.gov/
HB 147 – TRANSFER ON DEATH ACT
On June 30th, 2025, the Delaware State Senate unanimously passed HB147 – Substitute 1 the Transfer on Death Act
. This act introduces non-probate transfer of real estate and gives real property owners the ability to designate individuals as beneficiaries upon the owner’s passing. Said beneficiary would have no legal interest in the property until the owner’s death. This act maintains the owner’s full control of the property during their lifetime, and they can sell, change, or revoke the deed at any time.
For a full synopsis of the bill, please visit:
https://legis.delaware.gov/
The County continues to maintain its position that one consults with an attorney to guarantee their interests and understanding are fully represented.
Note: There is a fee to record both of these documents AND must be recorded prior to your death to be effective. See the FAQ for details.
The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named representative, broker – dealer, state – or SEC – registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.
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Individuals affiliated with this broker/dealer firm are either Registered Representatives who offer only brokerage services and receive transaction-based compensation (commissions), Investment Adviser Representatives who offer only investment advisory services and receive fees based on assets, or both Registered Representatives and Investment Adviser Representatives, who can offer both types of services.
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The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named representative, broker – dealer, state – or SEC – registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.
Copyright 2026 FMG Suite.
Securities offered through Cetera Wealth Services, LLC (doing insurance business in CA as CFGAN Insurance Agency LLC), member FINRA/SIPC. Advisory Services offered through Cetera Investment Advisers LLC, a registered investment adviser. Cetera is under separate ownership from any other named entity.
Cetera Networks, Cetera Wealth Management Group, Cetera Wealth Partners, and Summit Financial Networks are all distinct communities within Cetera Wealth Services, LLC.
Investments are: • Not FDIC/NCUSIF insured • May lose value • Not financial institution guaranteed • Not a deposit • Not insured by any federal government agency.
This site is published for residents of the United States only. Financial Professionals of Cetera Wealth Services, LLC may only conduct business with residents of the states and/or jurisdictions in which they are properly registered. Not all of the products and services referenced on this site may be available in every state and through every advisor listed. For additional information please contact the advisor(s) listed on the site, visit the Cetera Wealth Services, LLC site at https://ceterawealthservices.com
Individuals affiliated with this broker/dealer firm are either Registered Representatives who offer only brokerage services and receive transaction-based compensation (commissions), Investment Adviser Representatives who offer only investment advisory services and receive fees based on assets, or both Registered Representatives and Investment Adviser Representatives, who can offer both types of services.
