Does it cost money to put a beneficiary's name on a property? How? 18 Answers as of August 25, 2015

Does it cost a beneficiary (granddaughter) to have their name put on the property after the owner dies?

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Christine Sabio Socrates Attorney at Law | Christine Socrates
The best way is to file a affidavit of transfer on death. This way you are not transferring any interest in the property, only designating who will receive title upon death of the owner. Attorneys charge different prices in different cities. But the average cost is $200 dollars plus recording fees.
Answer Applies to: Ohio
Replied: 7/9/2015
Ronald K. Nims LLC | Ronald K. Nims
Should be a few hundred dollars
Answer Applies to: Ohio
Replied: 7/9/2015
Patrick W. Currin, Attorney at Law | Patrick Currin
No, aside from minor charges like drafting a deed and recording it.
Answer Applies to: California
Replied: 7/7/2015
Wellerstein Law Group, P.C.
Wellerstein Law Group, P.C. | Elisha Wellerstein
I am not sure what you mean. There needs to be a deed transfer from the estate of the deceased into the name of the beneficiary. There is a cost to do that. There may also be a cost for probating a will or an administration.
Answer Applies to: New York
Replied: 7/7/2015
Vandervoort, Christ & Fisher, P.C. | James E. Reed
You do not provide sufficient facts to answer the question. If the property was titled only in the name of person who died, then a probate proceeding would be necessary to convey title to the beneficiary. If title was in the name of the person who died and the beneficiary, as joint tenants with full rights of survivorship, then the beneficiary is now the sole owner. Nothing more needs to be done.
Answer Applies to: Michigan
Replied: 7/7/2015
    Law Office of T. Phillip Boggess | T. Phillip Boggess
    If you are talking about real estate, there is a filing fee that the county recorder will require. Other types of property (i.e.?bank account) shouldn?t require a fee.
    Answer Applies to: Illinois
    Replied: 7/7/2015
    Law Office of Pamela Braynon | Pamela Y. Braynon
    Even though a person is named in a will as a beneficiary, anything titled must go through probate court in order for the titled property to be placed in the beneficiary?s name. So yes it will cost money to go to court. Beneficiaries from insurance or other funds that the beneficiary was named by the decedent will be paid directly from the institution that holds the funds.
    Answer Applies to: Florida
    Replied: 7/7/2015
    Sebby Law Office
    Sebby Law Office | Jayne Sebby
    Usually this is done by the executor/personal representative and the estate covers the costs/filing fees.
    Answer Applies to: Nebraska
    Replied: 7/7/2015
    Law Office Of Victor Waid
    Law Office Of Victor Waid | Victor Waid
    Sounds like you need a probate lawyer to clear titled
    Answer Applies to: California
    Replied: 7/7/2015
    Law Offices of Richard M. Levy P.C.
    Law Offices of Richard M. Levy P.C. | Richard M. Levy
    That would be a yes.
    Answer Applies to: New York
    Replied: 8/25/2015
    Irsfeld, Irsfeld & Younger LLP | Norman H. Green
    Yes. Cost depends on numerous factors, including the size of the decedent's estate, how title was held, etc. See a lawyer.
    Answer Applies to: California
    Replied: 7/6/2015
    Richard J. Keyes Attorney at Law | Richard J. Keyes
    I am assuming in this case that you are talking about real estate and a beneficiary deed. There is a price for recording a beneficiary deed with the recorder of deeds and please note that a beneficiary deed needs to be recorded prior to the grantor's death. There is also the cost of the preparation of the beneficiary deed. Contact an attorney in regard to prices.
    Answer Applies to: Missouri
    Replied: 7/6/2015
    Law Office of Denise M. McBride
    Law Office of Denise M. McBride | Denise McBride
    If the property is a probate asset, you will need to have a court order indicating that the beneficiary is the proper owner. Depending on the type of property and what you wish to do with the property, you may or may not need a transfer of title.
    Answer Applies to: Florida
    Replied: 7/6/2015
    Minor, Bandonis and Haggerty, P.C.
    Minor, Bandonis and Haggerty, P.C. | Brian Haggerty
    You're talking about probate, I think. After the owner dies, property passes by will or intestacy through probate. Most people, when they say "property," mean real property. Real property is usually worth a substantial amount of money. The granddaughter should discuss her situation with a lawyer. It will be worth it.
    Answer Applies to: Oregon
    Replied: 7/6/2015
    Danville Law Group | Scott Jordan
    Yes it does. How much depends on a number of factors. But, if the owner is already deceased, you would need a Judge's approval to transfer the property to a beneficiary. If the property is held in a trust, the trustee can sign the grant deed. At the very minimum, it will cost the recording fees to record the transfer. This is usually less than $30.
    Answer Applies to: California
    Replied: 7/6/2015
    Ashcraft & Ashcraft, Ltd.
    Ashcraft & Ashcraft, Ltd. | Randall C. Romei
    If an asset of a decedent's estate has indicia of ownership, like real estate, car, boat, etc., then the distribution from the estate to the legatee should be by official transfer of the asset out of the estate. Typically, there is a fee to record a deed, or transfer title to a car or boat, identifying the transfer from the estate to the legatee. The representative of the estate should effect the transfer of the assets as required by the will, trust or laws of intestacy, as part of the administration of the estate. The estate representation would draw up the document but the legatee would have to pay the fee to file or record the document as the case may be. If the asset was held jointly with the decedent then the transfer is automatic on death. If the asset has a designated beneficiary then the institution holding the asset will complete the transfer to the beneficiary.
    Answer Applies to: Illinois
    Replied: 7/6/2015
    Law Ofices of Edwin K. Niles | Edwin K. Niles
    If the title was in the name of the deceased (alone), probate will probably be necessary in order to pass title. Yes, it will cost money. See a lawyer who specializes in probate.
    Answer Applies to: California
    Replied: 7/6/2015
    O'Keefe Legal Services, L.L.C.
    O'Keefe Legal Services, L.L.C. | Sean P. O'Keefe
    In Maryland, there could be transfer taxes if consideration (money) is applicable to the transfer but in most instances property distributed from a decedent's estate will not incur those taxes (because there is no consideration); however there is $60 in deed recording fees.
    Answer Applies to: Maryland
    Replied: 7/6/2015
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