If a decedent's interest in a joint tenancy or life estate is terminated 5
under this section and then acquired from the surviving joint tenant or remainder 6
beneficiary by a purchaser or lender in good faith, for value and without actual notice 7
that the termination was improper, the purchaser or lender takes title free of any 8
claims of the decedent's estate and incurs no personal liability to the estate, whether 9
or not the termination was proper. Purchasers and lenders have no duty to inquire 10
whether a termination was proper.”.
Protections for purchasers and lenders.
The treatment of s. 867.045 (5) 2
first applies to a decedent's interest in real property that is the subject of an 3
application to terminate the decedent's interest under s. 867.045 that is recorded on 4
the effective date of this subsection.”.