Transfer on Death Deed - Arizona - Individual to Individual: This deed is used to transfer the ownership or title of a parcel of land, attaching any existing covenants, upon the death of the Grantor to the Grantee. It does not transfer any present ownership interest in the property and is revocable at any time. Therefore, it is commonly used to avoid probate upon death.
Arizona Beneficiary Application With Rollover Option
Category:
State:
Arizona
Control #:
AZ-019-77
Format:
Word;
Rich Text
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How to fill out Arizona Beneficiary Deed For Individual To Individual?
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FAQ
Hear this out loud PauseAt your death, ownership passes automatically to the beneficiary named in the deed. Any mortgage or debt attached to the land goes along with it. To retitle the real estate in the new owner's name, the new owner should record a sworn statement (affidavit) and a copy of the death certificate.
Hear this out loud PauseOnce you create a beneficiary deed, it needs to be recorded with the county recorder in the county where the property is located. Upon death, the death certificate of the deceased must be recorded with the same county recorder. Why would I use a beneficiary deed?
Hear this out loud PauseYou must sign the deed and get your signature notarized, and then record (file) the deed with the recorder's office before your death. Otherwise, it won't be valid.
Hear this out loud PauseAn Arizona beneficiary deed form?also known as an Arizona transfer-on-death deed form or Arizona TOD deed form?is a type of deed authorized by statute to pass Arizona real estate to designated beneficiaries on the death of an owner.
Hear this out loud PauseFor this deed to be valid in Arizona, it must be signed before a notary and recorded with the respective county recorder's office. Once the property owner dies, the property passes directly to his or her beneficiaries.