Your home is a key asset. When it is time for that asset to be passed to your beneficiary, ideally, the transfer would avoid probate, which can be expensive and time-consuming.
One of the most secure and effective ways to do this is to create a beneficiary deed. This is a document that names the beneficiaries on the property, so that ownership is transferred once the beneficiaries have an affidavit regarding the death. This is a much simpler and faster option than going to probate, and in many ways, is a better solution than joint titling a property.
Due to the complexity of the wording required to create a proper beneficiary deed, it is highly recommended that an attorney assist in the creation of this document.
Would you like more information about creating a beneficiary deed? Contact Burkhardt Law for a free estate planning consultation by completing our online free legal consultation request form.