A Mississippi transfer on death deed allows a property owner to prepare the transfer of their real estate to a beneficiary in a deed that becomes effective after the owner’s death. When the owner dies, the property will be conveyed to the beneficiary without any probate which can be a costly and laborious process.
Despite naming a beneficiary, the owner can still sell their real estate at any point because they retain their full property rights. Furthermore, the deed is revocable which means that the owner can cancel it by filing a revocation form with the same chancery court where the deed was recorded. To be valid, the form must be executed, acknowledged, and recorded during the owner’s lifetime.