COURT APPOINTED ATTORNEYS TO REPRESENT TENANTS AT NO COST TO THE TENANT, JACKSON COUNTY LANDLORDS BEWARE OF WHAT IS COMING AFTER 6/1/2022, KANSAS MARITAL PROPERTY LAW AND REAL ESTATE LAW, SELLERS SETTING BUYER BROKER REAL ESTATE COMMISSIONS MAY BECOME A THING OF THE PAST, EVERYTHING YOU NEED TO KNOW ABOUT REAL ESTATE CONTRACTS, LAND TRUST THE ULTIMATE ASSET PROTECTION, RENTABLE SQUARE FEET VS USABLE SQUARE FEET, HOMEOWNERS ASSOCIATIONS AND RESTRICTIONS ON SHORT TERM RENTALS. WHAT ARE CLOSING COSTS IN A REAL ESTATE TRANSACTION? <>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> ~ Fill in all information requested on such Request Form and mail to: Missouri Beneficiary Deed c/o Michael J. Denk P.O. stream Dawna M. said: Easy to use website and immediate documents appropriate for my area. Im not clear what you mean by if the seller is found unable in the old age. To talk to a Clever Partner Agent today, fill out ouronline form. When there is a beneficiary deed St. Charles recorded in advance, the Affidavit of Death will state this and therefore this type of affidavit, once recorded, has the effect of perfecting title in the grantee under the previously recorded beneficiary deed. James B. said: Reliable and fast. All Rights Reserved - Privacy Policy | Terms & Conditions| Consent to Contact Customer | TREC Consumer Protection Notice | Information About Brokerage Services. Use of Deeds.com Legal Forms. To search, type a keyword in the Form Number/Name box or choose a Category from the drop-down box below. (816) 629-8803 E-File Federal/State Individual Income Tax Return, Check Return Status (Refund or Balance Due), Affidavit to Establish Title to Exempt Property, Affidavit of Lost, Destroyed, or Stolen License and Affidavit to Confirm Identification, Motor Vehicle Sales or Use Tax Protest Payment Affidavit, Application/Affidavit for Missouri Repossession Title, 40 Year or Older Reconstructed Motor Vehicle Valued at $3,000 and Below Affidavit of Ownership and Inspection, Candidate's Affidavit of Tax Payments and Bonding Requirements, Escrow Compliance Certificate and Affidavit (Non-Participating Manufacturers), Executive Agency Affidavit and Request for Confidential Information Under Section 610.032, RSMo, Self-Insurance Affidavit for Religious Groups, Affidavit For Withholding Based on Primary Work Location, Boat or Outboard Motor Affidavit of Ownership and Inspection, Withholding Affidavit for Missouri Residents. While youre still living, the property qualifies for local and legal tax benefits, including the Missouri homestead exemption. On the first page of the document, enter the following information: Grantor's full legal name and address. A clear chain of title (with no gaps or interruptions) makes property easier to sell by reducing the chances of unexpected claims from others trying to assert their ownership rights. c'i6XmMbm1{Zn|mb3):;=]RD)&=PD"N8f) OOz?4<=c]) D_n{W?.\&MVHF<,m`s-( 6a,@`3{er`8G1/v(+S/051*f.P8fCq CAtGODO8[y2AVM#WAd,i^Ii.FAUTT*lql+ute/*Tbm(*.+q6m?J[Oj8RH-Dv]86hhi#a F2%>]e:,%)wQu}@K6FZpC+75r*Y^7ba1h.%8V5; lpBhIGy :*jM&!8MFnzVp;)\Q,Sd{\>"b0s "2KVs2ERO Lo and behold Georges grandmother died leaving her house to George and his two sisters via a Beneficiary Deed. * By Appointment Only *, Legacy Law Center assists clients with Estate Planning, Elder Law, Estate Litigation and Probate Administration in St. Charles County and St. Louis County, including the cities of, OFallon Wentzville Weldon Springs St. Peters Troy Warrenton St. Charles Lake St. Louis Defiance New Melle Chesterfield Ballwin Wildwood Eureka Richmond Heights Maryland Heights Florissant Creve Coueur Hazelwood St. Ann Brentwood Webster Groves Kirkwood Clayton Ladue Frontenac Sunset Hills Des Peres. If you use a form on our Site, you explicitly agree to our Terms of Use. In some states a TOD deed is referred to as a beneficiary deed, TOD instrument or deed upon death. We represent clients throughout the Kansas City Metropolitan area, including those in Kansas City, KS; Overland Park, KS; Olathe KS; Lenexa, KS; Lawrence, KS; Independence, MO; Kansas City, MO; Lees Summit, MO; Blue Springs, MO; Liberty, MO; Belton, MO; Raymore, MO; Raytown, MO; Grandview, MO; North Kansas City, MO; Parkville, MO; Platte City, MO; Oak Grove, MO; Cass County, Clay County, Clinton County, Henry County, Jackson County, Lafayette County, Platte County, Ray County, Johnson County, Leavenworth County, Miami County and Wyandotte County. <> endobj In Missouri, even if a spouses name is not literally on the deed, the spouse acquires a Marital Interest in the property, and must be dealt with. The deed must be executed and filed. This also means that the house isnt taxed as a completed gift by the federal government. Under the Nonprobate Transfers Law of Missouri, grantee beneficiaries who survive the deceased owner by at least 120 hours gain ownership of property designated as transfer on death by function of law, upon the death of the owner (461.042). (Form Edition 2/22) A grantee beneficiary, also called simply a beneficiary is a person or persons designated or entitled to receive property pursuant to a nonprobate transfer on surviving one or more persons. Probate Lawyer Chesterfield MO A transferring entity is a person who owes a debt or is obligated to pay money or benefits, render contract performance, deliver or convey property, or change the record of ownership of property on the books, records and accounts of an enterprise or on a certificate or document of title that evidences property rights, and includes any governmental agency, business entity or transfer agent that issues certificates of ownership or title to property and a person acting as a custodial agent for an owners property. aUE1NXYhV9S~S N+z|"S;-23?[ Nothing in this website should be construed as providing legal advise or creating an attorney client relationship. 14 0 obj The surviving spouse can clear up title by recording the affidavit. To support the affidavit, the claiming beneficiary must also include a copy of the recorded beneficiary deed and a death certificate for the owner as well as any deceased beneficiaries. y4. p88it~q)+{m-=Cr]s]:q|tv]z]-\|qtc4FpV$c*o/_$d(#|F%s>Gd {tYHi TO THE EXTENT THE FOREGOING LIMITATION OF LIABILITY IS PROHIBITED, OUR SOLE OBLIGATION TO YOU FOR DAMAGES WILL BE LIMITED TO $100.00. However, until Diane signs off they will be unable to do so. endobj Priscilla Z. said: Very user friendly and easy. This section does not preclude other methods of conveyancing that are permitted by law and that have the effect of postponing enjoyment of an interest in real property until the death of the owner. In order to post comments, please make sure JavaScript and Cookies are enabled, and reload the page. Then, by recording an affidavit asserting the new claim on the title, the beneficiary lets the local assessor or taxing agency know that, as the record owner of the unique parcel of land, he/she is now responsible for the property taxes. When presenting the affidavit and supporting documents for recording, be sure that they will update the tax records as well. The purpose of an affidavit of survivorship is to clear up the land and tax records by letting third parties including title companies, lenders, and the property tax officials know that an owner has passed away and that you now own the property without that owner. Beneficiary Deeds in Missouri are great tools when used appropriately, but are not always the best way to go. For the most part, it involves recording an affidavit that includes the grantor owner and grantee beneficiary's information, recording details about the beneficiary deed, and specifics regarding shared ownership of the property. And can his blood line come back on me when I am not related? First, this is not a sale it is a transfer on death. The process of removing a deceased joint tenant from a Missouri deed is fairly simple. When presenting the affidavit and supporting documents for recording, be sure that they will update the tax records as well. The beneficiary automatically becomes the owner of the property when the current owner dies. A deeds lawyer St. Charles can help. Learn about the benefits and work with a Clever Partner Agent. If their intent is to sell the property, they can then hire a realtor and the mortgage can be paid off at closing, just as it would be in a normal real estate transaction. A beneficiary can be one or more individuals or organizations, such as a trust or charity. They are also far cheaper to have drafted than a living trust. Sent message and response was all 3 cards must have been declined. Probate Lawyer Creve Coeur, MO While the law is specific on requirements for the beneficiary deed, it is less clear on the process for accepting the real property rights conveyed. A deed that conveys an interest in real property to a grantee designated by the owner, that expressly states that the deed is not to take effect until the death of the owner, transfers the interest provided to the designated grantee beneficiary, effective on death of the owner, if the deed is executed and filed of record with the recorder of deeds in the city or county or counties in which the real property is situated prior to the death of the owner. 11 0 obj WHAT NAME SHOULD I GIVE MY MISSOURI LIVING TRUST. Your heirs dont have to file anything at the courthouse and can avoid the hassle and expense of probate. Trust Lawyer St. Peters, Missouri A beneficiary deed need not be supported by consideration or be delivered to the grantee beneficiary. INVESTMENT FIRMS MAKING IT DIFFICULT FOR FIRST TIME HOME BUYERS, MISSOURI ENACTS AMENDMENTS TO THE MISSOURI MECHANDISING PRACTICES ACT, OPEN DOOR ORDERED TO PAY $62,000,000.00 FINE FOR DECEPTIVE PRACTICES, INVESTOR SERVICES WE ASSIST IN BUYING AND SELLING NON-PERFORMING NOTES AND NON-PERFORMING REAL ESTATE ASSETS, ITS FINALLY HAPPENED. Probate Lawyer Lake St. Louis MO, THE ROLE OF AFFIDAVIT OF DEATH RECORDINGS IN MISSOURI, DEALING WITH DEBT AND CREDITORS IN PROBATE, A DURABLE FINANCIAL POWER OF ATTORNEY: ONE ESTATE PLAN DOCUMENT YOU MUST HAVE. Unfortunately we have no control over which payment get approved or declined. However, next day one of those cards went through with no problem. Get Directions, Olathe, KS IMPORTANT TERMS as defined in 461.005 Land owners must remain current on property taxes or risk penalties such as fines, liens, and possibly losing the real estate in a tax sale, so it is essential that the tax statements arrive at the correct location. (636) 486-2669 When two or more property owners hold title as joint tenants with right of survivorship, and one co-owner dies, the surviving owners share the decedent's interest in the land by function of law, and outside of the probate process. 17 0 obj The request shall be under oath or affirmation, subscribed before a notary public or other person authorized to administer oaths, and shall include the following: (a) The full name, address and tax identification number of each beneficiary; (b) The percentage or fractional share to be distributed to each beneficiary; If the beneficiary has already passed away and if they were a child or grandchild of the owner (i.e., a blood relative), then the deed can pass to their descendants. The decision to hire a lawyer is an important decision and should not be made Deeds.com Missouri Affidavit of Deceased Joint Tenant Forms Have Been Updated as Recently as Wednesday March 1, 2023. <> A beneficiary deed (often called a "transfer on death" or "TOD" deed in other states) is like a regular deed you might use to transfer your Missouri real estate, but with a crucial difference: It doesn't take effect until your death. A clear chain of title (with no gaps or interruptions) makes property easier to sell by reducing the chances of unexpected claims from others trying to assert their ownership rights. Having trouble viewing a form? A Missouri beneficiary deed form\u2014also known as a Missouri transfer-on-death deed form or simply Missouri TOD deed form\u2014is a written document that transfers rEval estate at an owner's death. 461.025. The death of the owner in the case of joint owners, means death of the last surviving owner. They work with you and guide you on every aspect. <> may be used to order one copy or several copies of forms. This article will discuss the two types of Affidavits of Death, their purpose, when they must be filed and what must be contained within them. Theyre often used to help children inherit upon your death. <> We represent clients throughout the Kansas City Metropolitan area, including those in Kansas City, KS; Overland Park, KS; Olathe KS; Lenexa, KS; Lawrence, KS; Independence, MO; Kansas City, MO; Lees Summit, MO; Blue Springs, MO; Liberty, MO; Belton, MO; Raymore, MO; Raytown, MO; Grandview, MO; North Kansas City, MO; Parkville, MO; Platte City, MO; Oak Grove, MO; Cass County, Clay County, Clinton County, Henry County, Jackson County, Lafayette County, Platte County, Ray County, Johnson County, Leavenworth County, Miami County and Wyandotte County. Do It Yourself Legal Forms available on our Website are not guaranteed to be usable, correct, up to date, or fit for any legal purpose. 1. DEEDS.COM INC. 1997 - 2023 ALL RIGHTS RESERVED | (330) 606-0119 | P.O. The second type of affidavit is the Affidavit of Death. The first type of affidavit is the Affidavit of Death of Joint Tenant. Missouri Department of Revenue Created Date: 2/20/2019 11:20:44 AM . This article examines the advantages and disadvantages of using TOD deeds and details how these deeds work. endobj Affidavit of Death recordings are necessary documents to be prepared, executed and recorded to perfect title when the owner or one of the owners has passed away. Box 6464 Chesterfield, Missouri 63006 Make sure you include a personal check made payable to "Michael J. Denk" in the amount of $145 and include a copy of the original General Warranty Deed or Quit Claim Deed and a copy of the deceased Owner's death certificate. It should be completed by someone with the first-hand knowledge of another person's death, declaring that they have died. |Wuwm1DCm@nqj//Kh%l4O=D+C'In@8R [5R. Code 5682(c)). 1 0 obj As its name suggests, the purpose of the law is to help families avoid the costly and time-consuming process of probate after death. What is a Beneficiary Deed? In Missouri, an Affidavit of Death of Joint Tenant is a sworn and notarized statement which must be executed by someone with personal knowledge of the matter. While the law is specific on requirements for the beneficiary deed, it is less clear on the process for accepting the real property rights conveyed. We also serve clients in Lincoln County, Franklin County, Jefferson County and Warren County. Box 5264, Fairlawn, OH 44334. The provisions of this subdivision shall apply to all beneficiary deeds executed and filed at any time, including, but not limited to, those executed and filed on or before August 28, 2005. Section 461.062, however, offers some . At the owner's death, the property passes to beneficiary without the need for probate. A clear chain of title (with no gaps or interruptions) makes property easier to sell by reducing the chances of unexpected claims from others trying to assert their ownership rights. TP%(}zk]V <>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 17 0 R/Group<>/Tabs/S/StructParents 1>> Get competent legal advice before trying to do it yourself. Secondly, and I assume this is the root of your question if the owner(s) are competent when they execute the deed and are not improperly influenced to sign the document it is valid. Affidavit of Lost, Destroyed, or Stolen License and Affidavit to Confirm Identification: 12/14/2022: 4679: Motor Vehicle Sales or Use Tax Protest Payment Affidavit: 8/28/2019: 4756: Affidavit for Loss of Motor Fuel: 10/21/2021: 4999: Affidavit for Return of Securities: 6/1/2013: 5005: Application/Affidavit for Missouri Repossession Title: 7/22 . (L. 1989 H.B. Provide notice to your heirs that includes a copy of this deed and your death certificate (Prob. NOVATION VS ASSIGNMENT, TYPICAL STEPS IN AN FSBO HOME SALE TRANSACTION. This time Im representing a young mother, lets call her Diane. At your death, the real estate goes automatically to the person you named to inherit it (your "beneficiary . OLGA R. said: Excellent Service for E-Recording. For example: "John Doe (deceased) and Richard Roe, as joint tenants with right of survivorship, convey to Richard Roe as sole owner." endobj Let us know if you want to know more about the dangers of using Beneficiary Deeds in Missouri. Present the new deed along with the affidavit of surviving joint tenant or submit it for recording on its own at a later date. <> 12 0 obj Weve written and posted several times about the inherent dangers in relying on Beneficiary Deeds (also known as Transfer on Death Deeds) to transfer title in Missouri. The question arises, then, of exactly how to let the relevant transferring entities know about the owners death. Nothing on this website should be considered a substitute for the advice of an attorney. This is fortunate for Diane. endobj The death of the owner in the case of joint owners, means death of the last surviving owner. A deed attorney St. Peters can prepare this type of affidavit and include the proper information, including the date of death, the legal description for the property, the prior conveyance by which the ownership interest was created. 6 0 obj The Nonprobate Transfers Law of Missouri, Sections 461.003 to 461.081 RSMo (2012) has been in effect since 1989. A Missouri Beneficiary Deed can be a great tool to keep your home out of probate and pass your largest asset onto your heirs quickly after your death. Errors / suggestions - WebMaster@LR.mo.gov. endobj FILE AFFIDAVIT AFTER DEATH OF GRANTOR OF A BENEFICIARY DEED, ( Independence, Lees Summit, Blue Springs ), real estate finance, FSBO, real estate markets, home buyers, home sellers. I tried to correct it to no avail so I ended up having to retype the entire document. If not, send a copy of the death certificate and the recorded beneficiary deed to the county assessor, too. Lisa J. said: Thank you so much for your time. One of the biggest is that the deed enables your heirs to avoid probate. The document is then properly recorded (usually e-recorded by the attorneys office) so that a public record of the passing of the joint tenant is now in the title record of the property in question. The deed establishes the person who will inherit a property when the owner dies. Land owners must remain current on property taxes or risk penalties such as fines, liens, and possibly losing the real estate in a tax sale, so it is essential that the tax statements arrive at the correct location. If youre looking to sell inherited or estate property, partner with an experienced, local agent for guidance and an optimal outcome on the sale. (816) 545-9708 <>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> %PDF-1.5 Copyright © 2021 Richard J. Herndon - Attorney at Law, Missouri Estate Planning, Wills, and Trusts, dangers of using Beneficiary Deeds in Missouri. Call us today at (636) 486-2669 to set up a consultation. This is a necessary step after the death of one joint tenant owner to notify the world that they have passed away and to clarify who are the remaining owner or owners. Im going to look like a hero. Executed deeds must be filed with the city or county recorder of deeds where the property is located before the homes owner dies. Kansas City, MO 64106. endobj Legacy Law Center drafts Beneficiary Deeds for clients all across the St. Louis area. <> solely on the basis of advertisements. OFallon, MO 63368 (636) 486-2619 To support the affidavit, the claiming beneficiary must also include a copy of the recorded beneficiary deed and a death certificate for the owner as well as any deceased beneficiaries. endobj The problem is the relative ease and low cost lead people to use them when they clearly shouldnt. Probate Lawyer St. Charles MO Your beneficiary should consider seeking professional advice to make that determination. xko8{~fDz Real Estate transactions are commonly among the largest we make during our lifetimes. Reply from Staff: Awesome, great to hear. Deeds.com Missouri Affidavit as to Death of Grantor Forms Have Been Updated as Recently as Monday February 13, 2023. 16 0 obj A beneficiary deed is not evidence of a purchase. Reply from Staff: We appreciate your business and value your feedback. NO WARRANTY. THE ROLE OF AFFIDAVIT OF DEATH RECORDINGS IN MISSOURI. If you use a form on our Site, you explicitly agree to our Terms of Use. stream <>>> Additional motor vehicle form information. IMPORTANT TERMS as defined in 461.005 MISSOURI STATUTE ON PSYCHOLOGICALLY IMPACTED PROPERTY, 10 WAYS BUYERS LOOSE EARNEST MONEY DEPOSIT, OUR LAWFIRM OFFERS ONLINE VIRTUAL MEETINGS. I appreciate the fact I got 1 document I needed quickly. Kansas City Real Estate Lawyer for the best, local KC attorney in Missouri who helps when a realtor, real estate agent, or seller lied on disclosure as well as with constructive eviction, transfer on death deed beneficiary problems and wholesale fsbo. His/her name will still appear on the deed, but the records will show that the property rights were transferred to the surviving owner. The most common example of when an Affidavit of Death of Joint Tenant needs to be recorded is when a married couple own their home as joint tenants and the first spouse has passed away. They can help you avoid any legal pitfalls and double check that all paperwork has been correctly filed. (2) "Beneficiary designation", a provision in writing that is not a will that designates the beneficiary of a nonprobate transfer, including the transferee in an instrument that makes the transfer effective on death of the owner, and that complies with the conditions of any governing instrument, the rules of any transferring entity and applicable You understand and agree that your purchase and/or use of a form document is neither legal advice nor the practice of law, and that each form and any applicable instructions or guidance is not customized to your particular needs, not guaranteed or warranted to be current, up to date, or accurate. <> I would like to have known or received some information as to charges for filing these documents. Land owners must remain current on property taxes or risk penalties such as fines, liens, and possibly losing the real estate in a tax sale, so it is essential that the tax statements arrive at the correct location. This section does not invalidate any deed, otherwise effective by law to convey title to the interest and estates therein provided, that is not recorded until after the death of the owner. Once the affidavit of death is recorded, the Assessors Office will also update the current ownership in the property tax records. NOTE #1: The proper signing and recording of your Missouri Beneficiary Deed and/or Affidavit is YOUR responsibility, as is the recording fee as charged by your local County Recorder of Deeds office. Discounted Commission Seller/Buyer Representation, FSBO Discounted MLS/Buyer Representation Fees, HIGHER RATE OF HISTORICAL RETURN REAL ESTATE VS. STOCK MARKET, INVESTMENT FIRMS MAKING IT DIFFICULT FOR FIRST-TIME HOME BUYERS, OPEN DOOR TO PAY $62,000,000.00 FOR DECEPTIVE TRADE PRACTICES, EVERYTHING YOU NEED TO KNOW ABOUT REAL ESTATE CONTRACTS, LAND TRUSTS THE ULTIMATE ASSET PROTECTION, 3 DIFFERENT TYPES OF COMMERCIAL REAL ESTATE LEASES, WHAT IS A NOVATION AGREEMENT? Categories: Blog, Deeds, Featured Home, Joint Tenancy with Right of Survivorship, Joint . Protecting your assets and preserving them for your heirs is a wonderful way to bless them after youre gone. Motor Vehicle Dealers and Lienholders - Please use the same online form when you request bulk quantities of motor vehicle forms. AFFIDAVIT OF DEATH OF JOINT TENANT There are two primary reasons to formalize this transfer of ownership, even though it is supposed to happen automatically. First, it is always a good idea to record changes to the named owner of real estate, providing notice to the public that the former beneficiary now holds title to the land and keeping the ownership history up to date. TheRequest for Mail Order Formsmay be used to order one copy or several copies of forms. endobj There are few risks and a Beneficiary Deed must be drafted properly so seeking professional advice is recommended. 2. <> Kristopher K. said: Process is easy but system would not accept 3 different credit cards on first day. Box 5264, Fairlawn, OH 44334. Probate Attorney OFallon, MO k^DXr5]( _$*E%5gu0 Had Grandma used a Trust based plan this could be avoided. Reorganization Act of 1974 - or - Concurrent Resolutions Having Force & Effect of Law. David B. said: I'm not sure how a forms web-site could be so, but I find deeds.com to be sweet. Copyright 2021 Roy Legal Group. xXn6} 7MAE!r" m3dbJnLG\V&{|M/:{,YU4%Y,.92En7'0D2IEBbNO^NOy_'@G1,qf+keBX|"dq}^tAX/IVP2l7bQT$dHUPyVHqO^H endobj Get Directions, Lees Summit, MO 7 0 obj You understand and agree that your purchase and/or use of a form document is neither legal advice nor the practice of law, and that each form and any applicable instructions or guidance is not customized to your particular needs, not guaranteed or warranted to be current, up to date, or accurate. Best low commission real estate companies, Best we buy houses for cash companies, Are you a top realtor? Box 6464 Chesterfield, Missouri 63006 Make sure your include a personal check made payable to "Michael J. Denk" in the amount of $145 and include a copy of the original Beneficiary Deed and a copy of the deceased Grantor's death certificate. endobj This isnt always the case if the property is in a trust. Beneficiary Deeds, in the proper circumstances, present a very inexpensive and efficient method of transferring real estate upon death. Once that is done, title will vest in the grantee and they can do whatever theyd like with the property. This saves them in legal fees and saves you if you were considering setting up a trust to transfer your house instead. We really appreciate it. DOOqH&rf` The process of removing a deceased joint tenant from a Missouri deed is fairly simple. Clevers Concierge Team can help you compare local agents and find the best expert for your search. CAN A SELLER REQUIRE A BUYER TO USE A PARTICULAR TITLE COMPANY? Transfer on Death Deed Beneficiary Deed Missouri, How sound is this if the seller is found unable in the old age? A grantee beneficiary, also called simply a beneficiary is a person or persons designated or entitled to receive property pursuant to a nonprobate transfer on surviving one or more persons. If there is a mortgage, the new owner, just like the original owner, has an equity interest in the property and must either assume the existing mortgage or refinance it. Theres no need to hire a lawyer or open a probate proceeding if you have a TOD deed in place. 2022 Clever Real Estate. relating to your request, use and implementation of such Missouri Beneficiary Deed. If you use any Do It Yourself Legal Form available on Deeds.com, you agree that: TO THE EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT WILL WE BE LIABLE FOR DAMAGES OF ANY KIND (INCLUDING, WITHOUT LIMITATION, LOST PROFITS OR ANY SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES) ARISING OUT OF OR IN CONNECTION WITH THE LEGAL FORMS OR FOR ANY INFORMATION OR SERVICES PROVIDED TO YOU THROUGH THE DEEDS.COM WEBSITE.

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