how to add a beneficiary to real estate outside a will in Missouri?

Question

real estate has a deed of trust on record in recorder of deeds. How can a single person add a beneficiary on the real estate when they wish for this to be outside the will and an easy transfer. Basicially I need to know how this would be recorded.

Answer 1

Since you used the term Beneficiary, I am guessing that you do not want them to have current ownership, i.e. you do not want them to have joint tenancy. You should check with a Missouri attorney to determine if Missouri has a Transfer on Death deed available. If they do, then you can execute a Transfer on Death deed which will transfer the property to them upon your death, and gives them no rights to the property prior to your death. In states where this is allowed, (Missouri may or may not), you can rescind the transfer on death deed at any time by filing a superceding deed.

Again, consult a Missouri attorney to have him or her advise you on the appropriate format.

Answer 2

you can do a "quick claim deed" and put the persons name on the property. This will make the person a co-owner. They would inherit the property upon death of the co-owner. It is a simple document. You could remove the name later but would need the persons signature. Otherwise my guess is a will.

I did this and live in STL MO

Answer 3

You have to make them a co owner by adding their name to Deed of Trust. You can always do a codicil to your will on just this property.

Answer 4

You can not make them a beneficiaary, you can add them as a owner now, so they will be a co owner, but if you wish to make them get it after death, it has to be in a will.

Answer 5

make an affidavit like that.