Beneficiary On Death

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

Description

The Beneficiary Deed form allows an individual, referred to as the Grantor, to transfer property to another individual, known as the Grantee, upon the Grantor's death. This deed ensures that property automatically passes to the Grantee without the need for probate, simplifying the estate process. Key features include a flexible provision for the Grantee’s pre-death circumstances, allowing the Grantor to specify alternative beneficiaries if the original Grantee dies before them. The form must be filled out with accurate legal descriptions of the property and properly executed in the presence of a notary public. For attorneys and legal assistants, this form is essential in estate planning, providing a straightforward method to designate beneficiaries and avoid probate complications. Paralegals and associates will find it crucial for ensuring proper documentation and compliance with state laws. This form is particularly useful for partners or owners looking to manage property transfers seamlessly and efficiently. The clear instructions and structure make it accessible for users, regardless of their legal experience.
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  • Preview Arizona Beneficiary Deed for Individual to Individual
  • Preview Arizona Beneficiary Deed for Individual to Individual
  • Preview Arizona Beneficiary Deed for Individual to Individual

How to fill out Arizona Beneficiary Deed For Individual To Individual?

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FAQ

To name a primary beneficiary: Check the box that indicates the beneficiary's relationship to you. For each individual you designate, enter the full name, share, address, and date of birth or Social Security number (SSN) or other tax ID (such as an Employer Identification Number (EIN)).

Spouse, partner, children, parents, brothers and sisters, business partner, key employee, trust and charitable organization.

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.

If you're naming only one primary beneficiary, put 100% in the percent column. If you're naming more than one primary beneficiary, you must indicate what percentage each is to receive.

If you decide to have more than one beneficiary, you will allocate a percentage of the death benefit for each, so that the total allocation equals 100%. A simple example of this would be allocating 50% to your partner, and 25% to each of your two children, for a total of 100%.

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Beneficiary On Death