Property Ownership
In South Carolina, what is a 'beneficiary deed' (also called transfer-on-death deed)?
AA deed used by charitable organizations
BA deed that transfers property to a named beneficiary upon the owner's death, avoiding probate✓ Correct
CA deed held in trust by a beneficiary
DA deed that transfers property only to heirs
Explanation
A transfer-on-death deed (beneficiary deed) allows a property owner to name a beneficiary who automatically receives the property upon the owner's death, without going through probate. South Carolina has adopted legislation allowing this form of non-probate transfer.
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