During a transferor’s life, a transfer–on–death deed does not: Affect an interest or a right of the transferor or any other owner, including the right to transfer or encumber the property; Affect an interest or a right of a transferee, even if the transferee has actual or constructive notice of the transfer–on–death deed; Affect an interest or a right of a secured or unsecured creditor or future creditor of the transferor, even if the creditor has actual or constructive notice of the transfer–on–death deed; Affect the transferor’s or designated beneficiary’s eligibility for any form of public assistance; Create a legal or equitable interest in favor of any designated beneficiary; or Subject the property to claims or process of a creditor of any designated beneficiary.