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Free
Beneficiary Deed Form
Looking for a quick and easy way to pass on your real estate to loved
ones? Our beneficiary deed form and guide will allow you to do it
yourself today.
Before Using Our
Beneficiary Deeds, You Should Know These Facts
Also
ominously known as a transfer on death deed, this is actually a clever
way to pass on your real estate to loved ones after death... because it
allows you to skip the ugly process of probate.
Probate is a
draggy and costly affair where the government decides who gets the
property after someone dies. As you will expect, this takes a
few
months plus rakes up a few thousand dollars in legal and court costs.
Since
a transfer on death deed form only kicks in upon death, you will still
have absolute control over your property after signing it - You are
welcome to rent the property, refinance it or even sell it. If your
beneficiary pisses you off, you can always name another one by making a
new deed.
So far 12 states have passed laws allowing the use
of a beneficiary deed - Arizona AZ, Arkansas AR, Colorado CO, Kansas KS, Missouri MO,
Minnesota MN, Montana MT, Neveda NV, New Mexico NM, Ohio OH, Oklahama OK and Wisconsin WI.
Don't live in these states but still want to leave behind your
real estate to loved ones? Then you can consider turning to a Life Estate Deed instead.
*
While we work hard to make sure that our forms are
helpful and updated, you must
edit them according to your own needs and local real
estate law. Always seek legal help when in doubt.
Beneficiary
Deed
I (We) ______________________________ (Owner) hereby convey to
____________________
__________ (Grantee Beneficiary) effective on my (our) death the
following described real property:
Property Address:
______________________________________________________________
Legal Description:
______________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
If
the Grantee Beneficiary precedes the Owner in death, then the
conveyance to that Grantee Beneficiary shall either (choose one):
[ ] Become null and void.
[ ] Become part of the estate of the Grantee
Beneficiary
Dated: _______________
Name(s) of Grantor(s):
_____________________________________________________
Signature(s) of Grantor(s):
__________________________________________________
STATE OF _________________________
COUNTY OF _________________________
On this day, personally appeared before me, _________________________,
to me known to be the person(s) described in and who executed the
within
instrument, and acknowledged that he/she signed the same as his/her
voluntary act and deed, for the uses and purposes therein mentioned.
Witness my hand and official seal hereto affixed on this day
of _______________, 20__.
Notary's Public Signature: ______________________
My commission expires _______________.
Return from
Beneficiary Deed to Property
Deeds
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