Beneficiary Deed Attorneys in Chesterfield, MO

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During the process of planning your estate, you may decide you want a beneficiary deed. This is a legal document designed to quicken the probate process by transferring real property to your beneficiaries effective on your death.

By deciding who will inherit your house, land, or any other real property while you are still physically and mentally capable, your beneficiary can avoid the need to formally settle this matter in probate court. While this can also be accomplished through a trust, a beneficiary deed is a simpler document that is a better fit for some circumstances.

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Missouri has had beneficiary deed provisions for a long time, and they are now used routinely, usually in smaller estates. However, they are often used in larger estates as well, particularly for real property which is held outside of a revocable living trust.

Some important points to consider when thinking about a beneficiary deed:

  • As with any legal document related to your estate, we strongly advise that you consult with a Chesterfield estate planning attorney while creating a beneficiary deed. An experienced estate planning attorney will make sure nothing is missed or overlooked. Even the smallest details can potentially have significant consequences for you or your family.
  • You will retain full control and ownership of your property until your death. Only then will the property pass to the named beneficiary.
  • Beneficiary deeds can be revoked until the time of your death either by completing a subsequent beneficiary deed or by submitting an instrument of revocation.
  • A beneficiary will not be subject to taxes until ownership of your property is passed to them on your death.

If you are considering a beneficiary deed for your real property as part of your estate, contact The Roberts Law Firm in Chesterfield, Missouri. Our Chesterfield, MO estate planning attorneys have years of experience with Missouri estate law, and we will make sure that your estate is prepared completely and correctly. Then you can be assured that your wishes will be carried out exactly how you want with minimal cost and headaches for you and your family.

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The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.