A deed is a signed and seal real estate document that shows ownership of property. When planning an estate a beneficiary deed can be assigned that only takes place after the death of the property owner and that assigns the property to the beneficiary immediately and without need for probate. This type of deed is not allowed in all a states and should it be desired an estate planner can handle the nuances and technical details needed to make it legal and air tight. This type of deed is particularly helpful in situations where a parent wants the child to have the home without having to go through the hassles and financial burdens that can be involved in dealing with probate.