Deed of Trust

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

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: 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.

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