Arizona Living Trust With House
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If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
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FAQ
Once the deed is prepared, it must be executed to transfer real estate ownership into the living trust. The grantor, or the current property owner, must sign the deed in the presence of a notary public. The grantor must also formally transfer the property from their name to the trust's name.
There are basic requirements for a Trust to be created in the State of Arizona: (1) There must be a Grantor; (2) The Grantor must manifest the Intent to create a Trust; (3) There must a Trustee; (4) There must be identifiable Beneficiaries; (5) The Trustee must have duties to perform; and (6) the Sole Trustee may not ...
To transfer real property into your Trust, a new deed reflecting the name of the Trust must be executed, notarized and recorded with the County Recorder in the County where the property is located. Care must be taken that the exact legal description in the existing deed appears on the new deed.
You can set up a living trust by yourself. However, if you're not experienced, it might make more sense to get professional advice. If your estate is worth a lot, you may benefit from a living trust. The Uniform Probate Code, however, does simplify the probate process for estates without a trust in Arizona.
Arizona trusts require: The settlor creates a trust. Settlor indicates their intention to create a trust. A trustee is a person or professional fiduciary administering the trust. The trust must have at least one beneficiary receiving trust assets. Duties the trustee must perform. A sole trustee may not be a sole beneficiary.