461.025. Deeds effective on death of owner--recording, effect. - Missouri Statutes

Deeds effective on death of owner--recording, effect.

461.025. 1. A deed that conveys an interest in real property to agrantee designated by the owner, that expressly states that the deed is notto take effect until the death of the owner, transfers the interestprovided to the designated grantee beneficiary, effective on death of theowner, if the deed is executed and filed of record with the recorder ofdeeds in the city or county or counties in which the real property issituated prior to the death of the owner. A beneficiary deed need not besupported by consideration or be delivered to the grantee beneficiary. Abeneficiary deed may be used to transfer an interest in real property to atrust estate, regardless of such trust's revocability.

2. This section does not preclude other methods of conveyancing thatare permitted by law and that have the effect of postponing enjoyment of aninterest in real property until the death of the owner. This section doesnot invalidate any deed, otherwise effective by law to convey title to theinterest and estates therein provided, that is not recorded until after thedeath of the owner.

(L. 1989 H.B. 145 § 25, A.L. 1994 S.B. 701, A.L. 1995 S.B. 116)