This form is a Beneficiary or Transfer on Death Deed where the grantor is an Individual and the Grantee is an Individual. This transfer is revocable by Grantor until his or her death and effective only upon the death of the Grantor. This deed complies with all state statutory laws.
Tucson Arizona Transfer on Death Deed or TOD - Beneficiary Deed for Individual to Individual
State:
Arizona
Category:
City:
Tucson
Control #:
AZ-038-77
Format:
Word;
Rich Text
88 downloads
Description
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FAQ
Arizona inheritance laws specify that a decedent's property passes to their spouse and/or descendants. Qualifying descendants could include: Children, including adopted children or ones conceived before marriage. Grandchildren and great-grandchildren.
A Beneficiary Deed has to be signed by the property owner and notarized, recorded in the county where the property is located during the owner's lifetime, and must accurately state the property's legal description. While an Arizona Beneficiary Deed has many advantages, it is not for everyone.
An Arizona beneficiary deed form?also known as an Arizona transfer-on-death deed form or Arizona TOD deed form?is a type of deed authorized by statute to pass Arizona real estate to designated beneficiaries on the death of an owner.
Arizona allows individuals to transfer property to a beneficiary through what is known as a beneficiary deed. A beneficiary deed is sometimes referred to as a ?transfer on death deed,? or TOD deed. It is a legal document that grants a residential property to a designated beneficiary upon the death of an individual.
Four Ways to Avoid Probate in Arizona Establish a Trust.Title Property with Rights of Survivorship.Make Accounts Payable on Death or Transfer of Death.Provisions for Small Estates.
An estate attorney may prepare a Beneficiary Deed for approximately $250 to $750. There will also be a nominal recording fee in the county where the property is located. Thomas J. Bouman provides legal counsel in the areas of estate planning, estate settlement, and asset protection.
You may create life estates or any other form of ownership recognized in Arizona. Beneficiary deeds work well when the title will pass to a single individual or to a few individuals all of whom share a common vision of what to do with the property.
A Beneficiary Deed has to be signed by the property owner and notarized, recorded in the county where the property is located during the owner's lifetime, and must accurately state the property's legal description. While an Arizona Beneficiary Deed has many advantages, it is not for everyone.