Beneficiary Of Deed Of Trust For Minor

State:
Arizona
Control #:
AZ-019-77
Format:
Word; 
Rich Text
Instant download

Description

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.

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FAQ

One way to provide for a minor child with your life insurance benefit is to place it in a trust managed by a custodian of your choice. It might also be possible to designate your death benefit for uses that benefit your minor child.

To leave property to your living trust, name your trust as beneficiary for that property, using the trustee's name and the name of the trust. For example: John Doe as trustee of the John Doe Living Trust, dated January 1, 20xx.

You can name a legal minor as the beneficiary of a trust. That's particularly important because, if you want to leave assets to a minor, a trust is how you'll do it.

Write only one beneficiary on each line. Make sure that you write the full names of all beneficiaries. For example, if you name you children as beneficiaries, DO NOT merely write ?children? on one of the lines; instead write the full names of each of your children on separate lines.

To leave property to your living trust, name your trust as beneficiary for that property, using the trustee's name and the name of the trust. For example: John Doe as trustee of the John Doe Living Trust, dated January 1, 20xx.

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Beneficiary Of Deed Of Trust For Minor