Definition
A beneficiary deed (available in many states) allows property to pass automatically to a named beneficiary upon death, avoiding probate. The owner retains full control and can revoke anytime. Upon death, property transfers directly without probate process.
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Beneficiary deeds (available in many but not all states) allow direct property transfer to a named beneficiary without probate. The owner retains full control and can revoke the deed at any time. Upon death, the property automatically transfers to the beneficiary outside the probate process. Beneficiary deeds offer simplicity compared to trusts but less flexibility once accepted by the beneficiary in some jurisdictions.
Pro Tip
Beneficiary deeds offer simpler probate avoidance than trusts in states where available.
Example
A homeowner signs a beneficiary deed naming an adult child to receive the home upon their death.