How do I record a beneficiary deed in Arizona?

You also need to have your completed beneficiary deed notarized, then record it in the county where the property is located. Once you're finished, the website of the Maricopa County Recorder's Office (recorder.maricopa.gov), and those for various other counties, will list your deed, which you can look up at no cost.

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Arizona Transfer on Death or TOD - Beneficiary Deed - Individual...

Transfer On Death Deed Arizona

Name: Arizona Transfer on Death or TOD - Beneficiary Deed - Individual Grantor to Three Individuals
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.85 (366 reviews)

Category:

Arizona Real Estate - Deeds - Transfer on Death

State:

Arizona

Control #:

AZ-045-77

Format:

Instant download

Description Arizona Beneficiary Deed

This form is a Transfer on Death Deed where the Grantor Owner is an individual and the Grantee Beneficiaries are three individuals. This transfer is revocable by Grantor until death and effective only upon the death of the 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.

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How to fill out Az Death Deed?

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Beneficiary Deed Form Other Form Names

Arizona Beneficiary Individual Death Tod Deed Arizona Beneficiary Contract Death Deed Beneficiary Death Title Transfer Arizona Grantor Beneficiary Deed Arizona Form

Az Transfer Death FAQ

Arizona allows for the transfer of real estate by affidavit if the equity of all the real property in the estate is not greater than $100,000. The use of a beneficiary deed to transfer real property will avoid the need for a probate proceeding in cases where the equity in the property is in excess of $100,000.

An account holder may choose to list both of their children as equal beneficiaries. However, an account holder can also choose to list individuals in unequal amounts. For example, you could designate a primary beneficiary to receive 50 percent of the funds and two secondary beneficiaries who receive 25 percent each.

Get a Deed Form or Prepare Your Own. You can buy a state-specific TOD deed form for your state or type up your own document. Name the Beneficiary. Describe the Property. Sign the Deed. Record the Deed.

You also need to have your completed beneficiary deed notarized, then record it in the county where the property is located. Once you're finished, the website of the Maricopa County Recorder's Office (recorder.maricopa.gov), and those for various other counties, will list your deed, which you can look up at no cost.

A transfer on death account is an investment account with a designated beneficiary that will receive ownership of the account upon the death of the current account owner. For example, 401(k) accounts and IRAs are automatically TOD accounts; when your plan is set up, you choose a beneficiary or beneficiaries.

In most cases, the surviving owner or heir obtains the title to the home, the former owner's death certificate, a notarized affidavit of death, and a preliminary change of ownership report form. When all these are gathered, the transfer gets recorded, the fees are paid, and the county issues a new title deed.

TOD account holders can name multiple beneficiaries and divide assets any way they like.However, the beneficiaries have no access or rights to a TOD account while its owner is alive. Those beneficiaries can also be changed at any time, so long as the TOD account holder is deemed mentally competent.

With a beneficiary deed, the beneficiary has no ownership interest in the property until the present owner dies. This means that the owner retains complete control of the property while he or she is living, and the beneficiary has no control over the property until the owner dies.

Transfer On Death Deed Arizona

Description Arizona Beneficiary Deed

Az Death Grantor Related forms

How to fill out Az Death Deed?

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Arizona Beneficiary Deed Form Form Rating

Az Beneficiary Deed Form Form popularity

Beneficiary Deed Form Other Form Names

Az Transfer Death FAQ

Does Arizona recognize transfer-on-death deeds?

How many beneficiaries can you have on a bank account?

How do I make a beneficiary deed?

How do I record a beneficiary deed in Arizona?

What type of account is an individual Tod?

How do I transfer a deceased relatives deed?

Can a TOD account have multiple beneficiaries?

Does Arizona recognize transfer on death deeds?

How does a beneficiary deed work?

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