George called my office this afternoon.  His sister, Billie had been appointed as the Personal Representative of his mother’s estate a week ago.  According to him Mom had a “simple will” leaving everything to her three children equally.  He found out by word of mouth that Mom had “put Betty’s name on the title” (Betty…

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We’ve written and posted several times about the inherent dangers in relying on Beneficiary Deeds (also known as “Transfer on Death Deeds”) to transfer title in Missouri. Beneficiary Deeds, in the proper circumstances, present a very inexpensive and efficient method of transferring real estate upon death.  The problem is the relative ease and low cost…

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A good friend and client just became the victim of a poorly conceived Estate Plan involving a Missouri Beneficiary Deed.  Fortunately I wasn’t the one who advised that be used.  Unfortunately I wasn’t asked to, because I would have advised against it. My friend, Frank, and his sister, Karen, had been named beneficiaries on their…

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in Missouri, Beneficiary Deeds are a handy and valuable tool.  Used properly, they transfer ownership of real estate instantly and automatically upon the death of the person or persons who created the deed, bypass probate, and they are relatively inexpensive. So — why doesn’t everybody use them all the time?  The simple answer is — everything has…

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A Beneficiary Deed, also commonly called a Transfer on Death Deed, is an instrument that transfers title to real property on the death of the owner, or sometimes on the death of the last of several owners, such as husband and wife.  They are available for use in Missouri, and many other states (but not…

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