Bill > H3382

This bill amends Chapter 183 of the General Laws to establish a new type of deed called a "beneficiary deed." A beneficiary deed is a deed that conveys an ownership interest in real property to a designated grantee upon the death of the owner, without requiring any tangible consideration. The bill outlines the key features of a beneficiary deed, such as the ability to designate multiple grantees, successor grantees, and the requirement that the deed be recorded before the owner's death to be valid. The bill also allows the owner to revoke the beneficiary deed at any time by recording a revocation before their death. This provides an alternative method for transferring real property interests upon death that does not require the use of a will or other estate planning tools.

Justice

https://malegislature.gov/Bills/191/H3382