What are the disadvantages of using a Beneficiary Deed to avoid probate?

There are several arguments against the use of Beneficiary Deeds:

• Fails to account for potential incapacity of owner.  A Beneficiary Deed fails to address the possibility of the owner becoming incapacitated.  For this reason, the owner should certainly have an up-to-date financial power of attorney, and consider titling the property in a revocable living trust instead.   
• Fails to deal with unusual situations.  A Beneficiary Deed does not permit the level of customization sometimes needed for unusual or unexpected situations.  For example, a Beneficiary Deed is not able to deal adequately with the possibility of minor, disabled, or irresponsible beneficiaries.     
• Eliminates many planning options.  For example, the property owner may wish to transfer the property into an asset-protected trust for benefit of the beneficiary, rather than grant outright ownership.  Beneficiary-controlled inheritance trusts can provide substantial creditor and divorce protection, which a Beneficiary Deed cannot.