This form is a Joint Tenancy Deed where the grantor is an individual and the grantees are husband and wife.
Joint Tenants With Right Of Survivorship Deed With Arizona
Category:
State:
Arizona
Control #:
AZ-01-79
Format:
Word;
Rich Text
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Description
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How to fill out Arizona Joint Tenancy Deed From Individual To Husband And Wife?
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FAQ
In Arizona, joint accounts come with survivorship rights by default, meaning the surviving account holder(s) automatically inherit the deceased account holder's share unless specified otherwise.
The main difference between joint tenants vs community property with right of survivorship lies in how the property is taxed after the death of a spouse. In joint tenant agreements, the proceeds from the sale of a property (after the death of a spouse) would be subject to the capital gains tax.
In a Joint Tenancy with Right of Survivorship, if one of the owners dies, his or her share will pass equally to each of the other Joint Tenants, regardless of who would otherwise inherit the deceased owner's estate.
The state of Arizona is a community property state. Property law in Arizona falls under ARS Title 33 of the Arizona Revised Statutes, and joint tenancy with the right of survivorship is under ARS Title 33-431 of the same Statutes.