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LSDefine

Simple English definitions for legal terms

beneficiary deed

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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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HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
I've been UR since first/second week of Jan, no updates otherwise, is that a bad sign? At or above median LSAT and above 75th gpa.
The profile links are not working for me. anybody else?
13:18
i’m in the same boat mastermonkey but with lower stats. i hope i hear back by mid march
CheeseIsMyLoveLanguage
13:24
@mastermonkey45: Looking at some of the recent decisions in relation to when they went complete, I'd say it's a good sign. It seems many declines were sent within about 5-6 weeks of completion. Given those were applications that were SENT in January, I'd say that means you're still solidly in the running. :)
14:30
Sent an app to OSU in early december and have STILL not heard back
Give it 4 more weeks at least. Everyone in this chat needs to wait longer.
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