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.
Az Form Transfer Death Editable With Date
Category:
State:
Arizona
Control #:
AZ-019-77
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Word;
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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.
Arizona allows individuals to transfer property to a beneficiary through what is known as a beneficiary deed. A beneficiary deed is sometimes referred to as a ?transfer on death deed,? or TOD deed. It is a legal document that grants a residential property to a designated beneficiary upon the death of an individual.
The joint owner(s) or the owner's spouse will need to submit a copy of the owner's death certificate county recorder's office. If there are more than two living owners, you may need to submit an affidavit to attest that you own the property.
The benefits of a Beneficiary Deed include: Probate avoidance. Arizona real property transferred by an Arizona Beneficiary Deed avoids the cost (anywhere from $5,000 to $8,000) and delay of an uncontested probate. This is because the property is not part of the deceased person's probate estate.