The designation of a transfer-on-death 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.
Fla. Stat. § 711.506
Effect of registration in beneficiary form
Known as the Florida Uniform Transfer-on-Death Security Registration Act
The act spans §§ 711–711 (13 sections).
History.--s. 3, ch. 94-216.
Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.