Beneficiary Deed
A beneficiary deed is a deed that will not become effective until the death of the grantee. Moreover, a beneficiary deed may convey either a fee simple absolute, i.e. an interest not subject to divestment, or a fee simple defeasible, i.e. an interest that is subject to divestment.
This brief overview of some important considerations associated with beneficiary deeds is by no means comprehensive. Always seek the advice of a competent professional when making important financial and legal decisions.
Updated on September 5, 2011