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LSDefine

Simple English definitions for legal terms

beneficiary deed

Read a random definition: ubi dolus dedit causam contractui

A quick definition of beneficiary deed:

A beneficiary deed is a legal document that allows someone to transfer their property to another person upon their death. This is often used to avoid the complicated and expensive process of probate. Only certain states allow beneficiary deeds, and they can be revoked before the person who created the deed passes away.

A more thorough explanation:

A beneficiary deed is a legal document that allows a property owner to transfer ownership of their property to a named beneficiary upon their death. This type of deed is also known as a transfer on death deed.

Beneficiary deeds are used to avoid the time and expense of probate, which is the legal process of distributing a deceased person's assets. Only certain states allow transfers of property through beneficiary deeds. For example, Arizona authorizes the use of beneficiary deeds that are executed and recorded and expressly state that the deed is effective upon the death of the owner.

Here is an example of how a beneficiary deed works:

John owns a house in Arizona and wants to leave it to his daughter, Jane, when he dies. He executes and records a beneficiary deed that names Jane as the beneficiary. When John dies, the house automatically transfers to Jane without going through probate.

It's important to note that a beneficiary deed can be revoked at any time prior to the grantor's death. For example, if John changes his mind and wants to leave the house to his son instead, he can revoke the beneficiary deed and execute a new one naming his son as the beneficiary.

beneficiary | benefit

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Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
matt gaetz ethics report released
paid for sex with a junior in high school
guarantee people still defend him
BulbasaurNoLikeCardio
9:51
I only read headlines and skimmed a random article of it since I am the only one at work this week. Seems like he is Republican Hunter Biden but not at the paying rent with poop paintings stage
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