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2016 U.S. Legal Forms, Inc.ARIZONA BENEFICIARY DEED Individual to Two Individuals Control Number: AZ02877I. TIPS ON COMPLETING THE FORMS The form(s) in this packet may contain form fields created.

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A TOD deed avoids probate. Joint ownership. Having someone on the deed as a joint owner with rights of survivorship will avoid probate. Upon the death of one owner, title automatically goes to the surviving joint owner or owners.

Pros To Using Beneficiary Deed After the death of the grantor, it is relatively easy to transfer the property to the beneficiary or beneficiaries. Lower fees. Using a beneficiary deed may reduce or eliminate fees for probating the estate or managing a trust. Liens and loans.

Prices and services vary, but attorneys often will do the job or guide you through it for under $200 or so. For example, Garde Law Group (GardeLaw.com)in Anthem charges $120, while KeytLaw (KeytLaw.com/bd) in Phoenix has online beneficiary-deed packages from $47 to $195.

The deed must be recorded in the office of the county recorder of the county where the property is located before the death of the owner (or, with multiple owners, before the death of the last surviving owner).

The purpose of a deed is to transfer a title, a legal document proving ownership of a property or asset, to another person.

The beneficiary deed does for real estate what the payable on death or POD designation does for a bank account. It allows the owner to designate a beneficiary for that asset and creates a method by which ownership of the asset will transfer directly to the beneficiary upon the owner's death.

Once you obtain a transfer-on-death deed, complete the form to name a beneficiary. The transfer deed will ask you to name the person(s) you wish to inherit your property. You can name multiple people as the beneficiary, as well as an organization. List the beneficiary's complete name and avoid titles.

When a person dies, beneficiaries might learn that the decedent made a deed that conflicts with the specific wording in his will. Generally, a deed will override the will. However, which legal document prevails also depends on state property laws and whether the state has adopted the Uniform Probate Code.

A beneficiary deed allows for the avoidance of probate.Arizona allows for the transfer of real estate by affidavit if the equity of all the real property in the estate is not greater than $100,000.

Using a beneficiary deed may reduce or eliminate fees for probating the estate or managing a trust. Liens and loans. After a beneficiary deed is signed, grantors may still do what they want with the property, including selling it or mortgaging it.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232