Phelps County Beneficiary Deed Forms (Missouri)

Form Package

Beneficiary Deed

State

Missouri

Area

Phelps County

Price

$27.97

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Immediate Download

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Included Forms

All Phelps County specific forms and documents listed below are included in your immediate download package:

Included Supplemental Documents

The following Missouri and Phelps County supplemental forms are included as a courtesy with your order.

Frequently Asked Questions:

Areas Covered by These Beneficiary Deed Forms:

• Phelps County

Including:

• Beulah
• Duke
• Edgar Springs
• Jerome
• Newburg
• Rolla
• Saint James

What is the Missouri Beneficiary Deed

Enacted in 1989, the Missouri Nonprobate Transfers Law (Sections 461.003 et seq, Revised Statutes of Missouri (2012)) allows those who own real property in Missouri the option of conveying real property after death, but without the need for probate distribution.

One distinctive feature of this useful estate planning tool is its flexibility. The grantor retains absolute ownership of and control over the Missouri real estate, with the freedom to sell, rent, mortgage, or otherwise use the land at will with no penalty for waste or obligation to inform the named beneficiary. He or she may also change details about beneficiaries or even revoke the beneficiary deed outright by executing and recording a new document containing the updated information. For the beneficiary deed and any related changes or revocations to be valid, however, the deed must be recorded during the grantor's lifetime.

This flexibility is possible because the transfer of ownership is incomplete. There is no statutory obligation to notify grantees of their beneficiary status, so there is typically no consideration (something of value, usually money) paid for the potential future interest in the real estate. The transfer of ownership rights is completed when the grantor dies and the beneficiary records the appropriate documentation.

Overall, Missouri beneficiary deeds are a simple and effective estate planning tool for individuals who want to pass on real property rights outside of the probate process. Even so, it is essential to review how executing a beneficiary deed might impact taxes, as well as eligibility for local, state, and federal benefits and asset-based programs.

(Missouri BD Package includes form, guidelines, and completed example)

Our Promise

The documents you receive here will meet, or exceed, the Phelps County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.

Save Time and Money

Get your Phelps County Beneficiary Deed form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties and local jurisdictions.

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