Should you make a deed upon death?

If one person owns a home in his or her own name, that person might consider deeding the home to a loved one by way of “deed upon death.” That is a deed that conveys the home to, say, a sister or a child, is recorded now, but which provides on its fact that the grantor can revoke it at any time before he or she dies. As the home is the major asset of many Nevada families, this is a good way to avoid having the home probated. However, it is not without its drawbacks. For example, NRS 111.689 makes it very difficult, if not impossible, for the grantee loved one to sell the property for 18 months after the grantor dies. If there is a mortgage on the property, the kids may not be able to make payments that come due during that year and a half wait. Therefore, normally at least, a Will is preferable to a deed upon death for passing title to kids.