Arizona Estate Deed Without Powers
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How to fill out Arizona Life Estate Deed From Two Married Couples To An Individual?
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FAQ
In addition, life estates allow the owner to control the property in all respects, except that they cannot sell or mortgage the property without the consent of their heirs. If created in a timely manner, a life estate can even help its creator qualify for Medicaid assistance.
To get title to the property after your death, the beneficiary must record a certified copy of the death certificate in the recorder's office. No probate is necessary. Use Nolo's Quicken WillMaker to make a beneficiary deed or transfer on death deed in any state that allows it.
In Arizona, the surviving spouse will always receive 50% of the decedent's estate; the remaining 50% usually passes to the surviving spouse as well, unless the decedent has any children from a separate relationship. In that case, the remaining 50% would be given to the decedent's other children.
A Proof of Authority is a statutory based mechanism whereby a ?foreign? personal representative (foreign meaning, the personal representative was granted executorships powers in a State other than Arizona) may petition the Arizona probate court to exercise its foreign powers.
In Arizona, real estate can be transferred via a Beneficiary Deed, more commonly known as a TOD deed. This deed allows a property owner to designate a beneficiary who will automatically inherit the property upon the owner's death, avoiding probate.