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Beneficiary Deed

 

More Information about Beneficiary Deed

1. What is a Beneficiary Deed?
2. What is Probate?
3. Why create a Beneficiary Deed?
What is probate?

Probate is a special court that supervises and determines how a deceased person’s estate is to be distributed. Probate can become a lengthy and complex court procedure that typically requires an attorney. Since probate usually comes with expensive attorney fees and long waiting periods, it may be wise to avoid probating an estate.

Despite the common misconception, a will does not avoid probate. A will only serves as instructions to a probate court on how assets of a deceased person are to be distributed. Probate is still required to supervise the distribution of the assets.

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