What is a Beneficiary Deed?
Missouri recognizes a type of deed called a Beneficiary Deed. It allows real estate owners to name who they want to inherit their property after they die. If properly drafted, signed, and recorded, a beneficiary deed will allow the real estate described in the deed to pass to the named beneficiaries outside of probate. A beneficiary deed is a cost efficient way to transfer title to your property after your death without court involvement.
What Happens if the Real Estate Owner Wants to Name Different Beneficiaries?
If the current owner changes his or her mind and wants the real estate to go to different beneficiaries they can work with our experienced attorneys to record a new beneficiary deed.
Should You Consider a Beneficiary Deed as part of Your Estate Plan?
If you live in Missouri and own real estate, then consult with our estate planning attorneys to determine if one is right for you.
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