A beneficiary deed allows you to transfer real property to a person or people of your choosing immediately upon your passing. This allows your property to avoid the costs and time delays associated with probate court. The deed does not transfer any interest in the property until the last of the owners to pass and you can sell or transfer the property at any time.
I recommend that EVERY homeowner have a beneficiary deed in place to protect his or her loved ones. It is an inexpensive way to protect a valuable and important investment. Call me if you would like to discuss beneficiary deeds further.