Posts Tagged ‘beneficiary deed’
Beneficiary Deed Can Only be Used by a Natural Person
Question: My mother is the trustee of her revocable living trust (“RLT”), with me as the sole beneficiary. The only asset in the RLT is my mother’s Sun City home. My mother wants to simplify things and record a beneficiary deed to me for her home, which beneficiary deed will not be effective until her…
Read MoreSubsequent Deed Revokes Beneficiary Deed
Question: My mother recently passed away. Her only significant asset is her home in Sun City West. Three years ago when her boyfriend was living with her she recorded a beneficiary deed granting the home to him. They broke up a year ago, and my sister moved into the home to help my mother. My…
Read MoreParents Can Deed House to Son Upon Their Death
Question: We are senior citizens living in Surprise. Our only child is our son who lives in Ohio. In order to avoid probate, we have placed all of our assets, such as mutual funds, in P.O.D. (payable on death) accounts with our son. We own our home as joint tenants with right of survivorship,…
Read More