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What is a Beneficiary Deed?

A beneficiary deed is a way to transfer the title of real property upon the death of the current owner without probate. In plain English, real property refers to real estate – your home and land. Probate is a court proceeding to administer an estate after death. Probate can be a costly, time consuming hassle.

The beneficiary deed keeps title in the name of the current owner(s), but states who will own the property upon the death of the current owner(s). The person(s) receiving the property is the beneficiary.The beneficiary deed must be signed before a notary and recorded with the county recorder’s office.

When the current owner passes away, the death certificate is recorded at the county recorder’s office and title to the property transfers. Sweet and simple.

The current Yavapai County court filing fee for probate is $173, but the current Yavapai County Recorder’s fee for a beneficiary deed is $15. These fees do not include document preparation or attorneys’ fees.

Death is inevitable, probate is not. The beneficiary deed provides a simple, inexpensive real property transfer without probate.

This article is for informational purposes and not intended as legal advice. If you need legal advice, you should contact an attorney.

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Please Note: We are NOT attorneys and do NOT provide legal advice. Your information is confidential, but we do not have attorney-client privilege. If you need legal advice, you will be referred to an attorney.

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