How Can a Beneficiary Deed Help Me?

A beneficiary deed can be an effective (and efficient) estate planning tool.  This instrument is used by an owner of real estate to designate a “beneficiary” who would become the owner upon their death—with no requirement for probate or any other drawn out process.  A signed and notarized beneficiary deed is recorded with the county recorder of deeds office and then, upon the owner’s death, only a subsequent affidavit needs to be filed in order to fully effectuate the transfer.  Broader estate planning is often needed, but for simple real estate transfers, a beneficiary deed can be a wonderful approach due its simplicity and cost-effectiveness.