The deed to a property confers ownership, so transferring the deed to the beneficiary is the vital first step. Specifically, you’ll need a quitclaim or grant deed for the transfer.

This is primarily because of the current uncertainties about possibly uncapping the property’s taxable value upon a transfer to or from an LLC or upon a 50% or larger change in ownership of the LLC.

The grantor must have the legal authority to transfer the property, ensuring that the title is clear of any encumbrances or claims that could affect the grantee’s ownership.