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Commonly Asked Questions about Beneficiary Deed Documents

The Grantor may walk into the local County Recorder of Deeds office to have a Beneficiary Deed recorded directly or may mail the Beneficiary Deed to such office with the approriate fee and a stamped, self-addressed envelope.
What are the disadvantages of a beneficiary deed? Using a beneficiary deed has its drawbacks, such as estate taxes, lack of asset protection, issues with Medicaid eligibility, no automatic transfer, and incapacity not addressed.
Simply explained, a beneficiary deed provides an alternative to a will to convey real property to a beneficiary effective on the death of the owner when the beneficiary will become the vested owner.
A Beneficiary Deed is one of the simplest, most convenient, and most frequently used methods in Missouri for leaving real estate to your intended beneficiaries upon your death.
BENEFICIARY DEEDS ➢ See A.R.S. 33-405 (statute includes a sample form) available from the Arizona Legislature Website. ➢ Beneficiary deeds are filed in the Maricopa County Recorders Office. ➢ See the Maricopa County Recorders Website for information on form requirements and filing fees.
Once recorded, the deed is returned to the new owner who usually deposits it in a safe place with his or her important papers. However, if misplaced or lost, a copy may be obtained from the Recorders Office and certified with the Recorders signature and official stamp or seal. This will suffice for the original deed.
To create a Transfer on Death Deed, you must prepare a deed that includes specific language and meets the legal requirements set forth by Missouri law. The deed should clearly state that the transfer of the property will occur upon the owners death and name the designated beneficiaries.
Another option is a transfer on death (TOD) deed, also called a beneficiary deed.