What does not vest until the death of the grantor in a Beneficiary Deed?

In the context of a Beneficiary Deed, ownership rights to the property do not vest until the death of the grantor. This means that while the grantor is alive, they retain full control and rights over the property, including the ability to sell or otherwise dispose of it. Consequently, the Beneficiary named in the deed has no legal claim to the property until the grantor passes away.

This characteristic is a key reason why Beneficiary Deeds are often utilized in estate planning, as it allows for the seamless transfer of property upon death without going through probate, while the grantor remains in control during their lifetime. Other options, such as authority to sell the property, mortgage obligations, and the right to occupy the property, remain with the grantor until their death; however, they specifically pertain to actions or responsibilities that can be exercised by the grantor during their lifetime.