Sharon Ravenscroft Estate Planning Blog
Beneficiary Deeds v. Will
Beneficiary deeds apply only to the real estate and the buildings on it. The household effects and tangible personal property cannot be designated by a beneficiary deed but only through a Will (or a Will with a Trust). You can avoid probate with a Beneficiary Deed on the property and a Will for your tangible personal property if such property has an aggregate value of less tan $50K. Be sure that you accounts have "pay on death" designations or your Will may have to be probated anyway.