Document background
The Beneficiary Deed With Mortgage serves as a vital estate planning tool in U.S. jurisdictions that recognize transfer-on-death instruments for real property. This document type emerged as a solution to avoid probate while maintaining mortgage obligations, becoming increasingly popular in states that have adopted the Uniform Real Property Transfer on Death Act. The deed allows property owners to retain full control during their lifetime while ensuring smooth property transfer upon death, addressing both the beneficiary designation and the existing mortgage relationship. It's particularly useful for property owners seeking to simplify estate administration while having outstanding mortgage obligations.
