The designation of a TOD beneficiary on a registration in beneficiary form has no effect on ownership until the owner’s death. A registration of a security in beneficiary form may be canceled or changed at any time by the sole owner or all then surviving owners without the consent of the beneficiary.
Del. Code tit. 12, § 806
Effect of registration in beneficiary form
Known as the Uniform TOD Security Registration Act
The act spans §§ 12–12 (12 sections).
70 Del
Official source: Delaware Code Online. Reproduced from public-domain Delaware statutes; confirm against the official source for the current text. Not legal advice.