When preparing a Deed for the administration of an estate i would customarily write in the deed that the consideration is for one ($1.00) dollar and in accordance with a bequest under a Will. You will also need to prepare an affidavit of consideration in order to obtain an exemption from the realty transfer fee based upon not only the dollar amount of consideration but also stating that the deed is being prepared in accordance with the distribution and terms of the will.
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The previous responder's answer is correct. To the extent possible, you should also ensure that the "recitals" portion of the deed is reflective of the chain of title and contains the date of death, date of the Will, date of probate, etc.
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