This form is a Transfer on Death Deed where the grantors are two individuals, married or unmarried, and the grantees are two individuals. This transfer is revocable by either Grantor until their death and effective only upon the death of the last surviving grantor. The grantees take the property as tenants in common or joint tenants with the right of survivorship. This deed complies with all state statutory laws.
Arizona Transfer on Death Deed or TOD - Beneficiary Deed for Two Individuals to Two Individuals
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State:
Arizona
Control #:
AZ-040-77
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FAQ
An Arizona Transfer on Death Deed or TOD - Beneficiary Deed for Two Individuals to Two Individuals is a revocable transfer that avoids probate by passing title to two named grantees on the death of the last surviving grantor. It lets two grantors designate two grantees, choose how they hold title (tenants in common or joint tenancy with right of survivorship), and revoke the deed during life.
Yes. Arizona recognizes Transfer on Death Deeds (Beneficiary Deeds) that let property pass to named beneficiaries and avoid probate. This form supports two grantors naming two grantees, with a choice of how they hold title and a revocation option, and it must be properly recorded under Arizona law.
Disadvantages include that the transfer takes effect only at the death of the last surviving grantor, so it cannot transfer property during life. If grantors disagree, or if a beneficiary dies before them, complications can arise. Proper drafting and recording are essential to avoid challenges.
Not required by Arizona law, but advisable. The form can be prepared and filed with the county recorder, but ensuring correct grantor/grantee names, a revocation clause, and compliance with recording requirements is crucial; consulting a licensed attorney can help prevent mistakes.
Yes. This form is designed for two grantors to transfer property to two grantees, with the option to hold title as tenants in common or joint tenants with right of survivorship. The transfer activates on the death of the last surviving grantor and remains revocable during life.
This form specifically accommodates two grantors and two beneficiaries, and lets you choose how the two grantees hold title (TIC or JTWROS) while including a revocation clause. A standard single-beneficiary TOD deed typically designates one grantor to one beneficiary.
