This form is a Transfer on Death Deed where the Grantor Owner is an individual and the Grantee Beneficiaries are two 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.
A Maricopa Arizona Transfer on Death Deed, also known as a TOD — Beneficiary Dee— - Individual to Two Individuals, is a legal instrument designed to transfer real estate property to designated beneficiaries upon the death of the property owner. This type of deed allows individuals to bypass probate and directly transfer property ownership to the named beneficiaries. There are several types of Maricopa Arizona Transfer on Death Deeds or TOD — Beneficiary Deed— - Individual to Two Individuals: 1. General TOD — Beneficiary Deed: This type of deed allows the property owner to designate two individuals as beneficiaries who will inherit the property upon their death. The beneficiaries receive equal ownership rights and can choose to hold the property jointly or individually. 2. Joint Tenancy with Rights of Survivorship TOD — Beneficiary Deed: In this scenario, two individuals are named as beneficiaries, but they are also joint tenants. This means that if one beneficiary passes away, the surviving beneficiary automatically inherits the full ownership of the property. 3. Tenants in Common TOD — Beneficiary Deed: Similar to the Joint Tenancy TOD — Beneficiary Deed, two individuals are named as beneficiaries. However, they hold the property as tenants in common, meaning their ownership shares can be unequal, and their shares can be passed down to their respective heirs upon death. 4. Co-ownership with Right of Survivorship TOD — Beneficiary Deed: This type of deed allows two individuals to name themselves as beneficiaries and hold the property with a right of survivorship. If one of them passes away, the surviving beneficiary automatically becomes the sole owner. The Maricopa Arizona Transfer on Death Deed or TOD — Beneficiary Dee— - Individual to Two Individuals is a flexible estate planning tool that provides an efficient and cost-effective way to transfer property upon the owner's death. It is crucial to consult with a qualified attorney to ensure compliance with Arizona law and to understand the implications of choosing a specific type of deed.A Maricopa Arizona Transfer on Death Deed, also known as a TOD — Beneficiary Dee— - Individual to Two Individuals, is a legal instrument designed to transfer real estate property to designated beneficiaries upon the death of the property owner. This type of deed allows individuals to bypass probate and directly transfer property ownership to the named beneficiaries. There are several types of Maricopa Arizona Transfer on Death Deeds or TOD — Beneficiary Deed— - Individual to Two Individuals: 1. General TOD — Beneficiary Deed: This type of deed allows the property owner to designate two individuals as beneficiaries who will inherit the property upon their death. The beneficiaries receive equal ownership rights and can choose to hold the property jointly or individually. 2. Joint Tenancy with Rights of Survivorship TOD — Beneficiary Deed: In this scenario, two individuals are named as beneficiaries, but they are also joint tenants. This means that if one beneficiary passes away, the surviving beneficiary automatically inherits the full ownership of the property. 3. Tenants in Common TOD — Beneficiary Deed: Similar to the Joint Tenancy TOD — Beneficiary Deed, two individuals are named as beneficiaries. However, they hold the property as tenants in common, meaning their ownership shares can be unequal, and their shares can be passed down to their respective heirs upon death. 4. Co-ownership with Right of Survivorship TOD — Beneficiary Deed: This type of deed allows two individuals to name themselves as beneficiaries and hold the property with a right of survivorship. If one of them passes away, the surviving beneficiary automatically becomes the sole owner. The Maricopa Arizona Transfer on Death Deed or TOD — Beneficiary Dee— - Individual to Two Individuals is a flexible estate planning tool that provides an efficient and cost-effective way to transfer property upon the owner's death. It is crucial to consult with a qualified attorney to ensure compliance with Arizona law and to understand the implications of choosing a specific type of deed.
