Beneficiary deed
Term · Law · MLC-T-LAW-000700
A legal instrument used in some states to transfer real property upon the owner's death, outside of probate. The deed specifies a beneficiary who will automatically receive title to the property when the current owner dies. This mechanism is similar to a transfer-on-death deed and avoids the probate process.
| Identifier | MLC-T-LAW-000700 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-000700",
"term": "Beneficiary deed",
"field": "Law",
"definition": "A legal instrument used in some states to transfer real property upon the owner's death, outside of probate. The deed specifies a beneficiary who will automatically receive title to the property when the current owner dies. This mechanism is similar to a transfer-on-death deed and avoids the probate process.",
"url": "https://mlchart.com/terminology/law/beneficiary-deed/"
}
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