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You 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.
In Arizona, establishing a TOD provision often involves filling out a form provided by the financial institution that holds your assets. For real estate, a Beneficiary Deed must be filled out and recorded with the county recorder's office.
In Arizona, establishing a TOD provision often involves filling out a form provided by the financial institution that holds your assets. For real estate, a Beneficiary Deed must be filled out and recorded with the county recorder's office.
Who should you list as your child's custodian? If you choose to name your child as your beneficiary with a custodian, you should name someone you trust. More often than not, whoever you would name as your child's guardian would also be named the custodian, though legally, you're not obligated to set it up this way.
Transfer-on-Death deeds also do not allow for naming a contingent beneficiary on the deed like a trust document that owns the property does. Secondly, if the intended beneficiary is a minor, the minor would not be able to manage or transfer the property until they reach the age of 18.