Bill > H1764

This bill amends Chapter 183 of the General Laws to create a new legal instrument called a "beneficiary deed." A beneficiary deed is a type of deed that conveys an ownership interest in real property to a designated grantee upon the death of the property's owner, without requiring current payment. The bill outlines the specific provisions of beneficiary deeds, including that they do not take effect until the owner's death, can designate multiple or successor grantees, and can be revoked by the owner during their lifetime. The bill also clarifies that beneficiary deeds do not invalidate other legal methods of transferring property interests upon an owner's death.

Justice

https://malegislature.gov/Bills/192/H1764