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Real Estate and TOD in Arizona 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.
If the estate qualifies for small estate administration, the personal representative or living heir need only to complete an Affidavit for Collection of All Personal Property and an Affidavit for Transfer of Title to Real Property. There are statutory time constraints associated with small estate administration.
Under current Arizona law, small estates are defined as those in which the deceased owned less than $100,000 in real estate equity or less than $75,000 worth of personal property. For estates over this size, probate is typically required, and those estates will not be eligible for the small estate affidavit process.
Informal probate is typically used when the value of the estate is less than $75,000 and there are no disputes between the heirs. Formal probate, on the other hand, is typically used when the value of the estate exceeds $75,000 or there are disputes between heirs.
This form is used to record the selling price, date of sale and other required information about the sale of property.
How to Fill Out General Affidavit | PDFRun - YouTube YouTube Start of suggested clip End of suggested clip Online. Button this will redirect you to pdf runs online editor first enter your state and countyMoreOnline. Button this will redirect you to pdf runs online editor first enter your state and county under statement of the affiliate. Provide the following information your state date of signing.
How to make a sworn statement. A blank SAPS affidavit template can be downloaded below, filled in and stamped at any police station. The form can also be obtained from the police station and completed by hand.
Once signed and notarized, the affidavits must be filed with the probate court in the county where the property is physically located. A certified copy of the death certificate and a copy of the will, if any, must be attached to each affidavit, along with title documents for real estate and other large assets.