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 Transfer On Death Deed Form With Notary
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
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.
What do I need to do to ensure the beneficiary deed is valid? A beneficiary deed has to be signed by the property owner and notarized, recorded in the county where the property is located during the owner's lifetime, and must accurately state the property's legal description.
A beneficiary deed has to be signed by the property owner and notarized, recorded in the county where the property is located during the owner's lifetime, and must accurately state the property's legal description.
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.