Fill and Sign the Mo Beneficiary Form

© 2016 - U.S. Legal Forms, Inc.       MISSOURI BENEFICIARY DEED (TODD) [Husband and Wife to 4 (Four) Individuals] Control Number: MO-057-77 I. TIPS ON COMPLETING THE FORMS The form(s) in this packet may contain “form fields” created using Microsoft Word or Adobe Acrobat (“.pdf” format). “Form fields” facilitate completion of the forms using your computer. They do not limit your ability to print the form “in blank” and complete with a typewriter or by hand. It is also helpful to be able to see the location of the form fields. Go to the View menu, click on Toolbars, and then select Forms. This will open the Forms toolbar. Look for the button on the Forms toolbar that resembles a shaded letter “a”. Click this button and the form fields will be visible. By clicking on the appropriate form field, you will be able to enter the needed information. In some instances, the form field and the line will disappear after information is entered. In other cases, it will not. The form was created to function in this manner. II. DESIGNATING HOW THE GRANTEES WILL HOLD THE PROPERTY: A. In the State of Missouri, real property can be held by more than one person (concurrent estates) in the following ways: 1. If the Grantees ARE NOT married to each other, they can hold the property as: a. Tenants in Common: a type of concurrent estate in which each party owns an undivided interest in the property that will pass to their heirs when the tenant in common dies. Generally their shares are “equal” but may differ in size. b. Joint Tenants with the Right of Survivorship ( JTWROS) : is a type of concurrent estate in which co-owners have a right of survivorship , meaning that if one owner dies, that owner's interest in the property will pass to the surviving owner or owners by operation of law, and avoiding probate. 2. If the Grantees ARE married to each other, they can hold the property as: a. Tenants in Common – See above b. Joint Tenants with the Right of Survivorship – See above c. Tenants by the Entirety - a type of concurrent estate formerly available only to married couples, where ownership of property is treated as though the couple were a single legal person. Like a JTWROS, the tenancy by the entirety also encompasses a right of survivorship, so if one spouse dies, the entire interest in the property passes to the surviving spouse, without going through probate. 3. In the attached deed, the preparer will need to indicate how the Grantees will hold the property: as Tenants in Common; Joint Tenants with Right of Survivorship; or, Tenants by the Entirety. B. For additional information on the above see the definitions at: http://lawdigest.uslegal.com/ C. For example: “. . . as tenants in common , . . .” OR “. . . as tenants by the entireties , . . .” OR “. . . as joint tenants with the right of survivorship and not as tenants in common .” III. DISCLAIMER These materials were developed by U.S. Legal Forms, Inc. based upon statutes and forms for the State of Missouri. All information and Forms are subject to this Disclaimer: All forms in this package are provided without any warranty, express or implied, as to their legal effect and completeness. Please use at your own risk. If you have a serious legal problem, we suggest that you consult an attorney in your state. U.S. Legal Forms, Inc. does not provide legal advice. The products offered by U.S. Legal Forms (USLF) are not a substitute for the advice of an attorney. THESE MATERIALS ARE PROVIDED “AS IS” WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND INCLUDING WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS FOR ANY PARTICULAR PURPOSE. IN NO EVENT SHALL U.S. LEGAL FORMS, INC. OR ITS AGENTS OR OFFICERS BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING WITHOUT LIMITATION DAMAGES FOR LOSS OR PROFITS, BUSINESS INTERRUPTION, LOSS OF INFORMATION) ARISING OUT OF THE USE OF OR INABILITY TO USE THE MATERIALS, EVEN IF U.S. LEGAL FORMS, INC. HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. (Space above reserved for Recorder of Deeds certification) Title of Document: Beneficiary Deed (a.k.a. Transfer on Death Deed) Date of Document:       Grantors Names and Address(es):             Grantee’s Names and Addresses:                         Legal Description:       Reference Book and Page(s): FORMTEXT       Beneficiary Deed Page 1 of 4 BENEFICIARY DEED (Husband and Wife to Four Individuals) KNOW ALL MEN BY THESE PRESENTS THAT: GRANTORS:       , and       , Husband and Wife , DO HEREBY CONVEY UNTO GRANTEE BENEFICIARIES:       ;       ;       ; and       , individuals, as tenants in common , EFFECTIVE UPON OUR DEATHS the following lands and property, together with all improvements located thereon, lying in the County of ______________________ , State of Missouri, to-wit: See Legal Description Attached as Exhibit A incorporated by reference as though set forth in full Legal Description:       Prior instrument reference: Book ______ , Page ______ , Document No. ______ , of the Public Records of the Recorder of ______________________ County, Missouri. If any Grantee Beneficiary precede us in death, then: (choose one) a. the conveyance to that Grantee Beneficiary shall become null and void and the entire estate shall pass to the surviving Grantee Beneficiary(ies) at the time of our death. Beneficiary Deed Page 2 of 4 b. the conveyance to that Grantee Beneficiary shall become part of the estate of the Grantee Beneficiary. If none of the Grantee Beneficiaries survive our death, this deed will become null and void. This transfer on death deed is revocable. It does not transfer any ownership until the death of the owners. It revokes all prior beneficiary designations by the owners for an interest in this real estate. Executed this the ____ day of ________________ , 20 ____ . (1 st Grantor’s Signature) (2 nd Grantor’s Signature)             Print Name Print Name State of Missouri, County of __________________ On this       day of       , 20       , before me,       , a notary public in and for said state, personally appeared       , known to me to be the person described in and who executed the above Transfer on Death Deed, and who acknowledged to me that he/she executed the same for the purposes therein stated. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal, the day and year last above written. Notary Public       Type or Print Name My commission expires:       State of Missouri, County of __________________ On this       day of       , 20       , before me,       , a notary public in and for said state, personally appeared       , known to me to be the person described in and who executed the above Transfer on Death Deed, and who acknowledged to me that he/she executed the same for the purposes therein stated. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal, the day and year last above written. Beneficiary Deed Page 3 of 4 Notary Public       Type or Print Name My commission expires:       This Instrument was prepared by:                   Telephone:       Signature       Print or Type Name After Recording, return to:                   Telephone:       Beneficiary Deed Page 4 of 4 EXHIBIT A Grantors:             Grantees:                                                 Legal Description:       Exhibit A