This form is a Transfer on Death Deed where the grantors are husband and wife and the grantees are four 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 . This deed complies with all state statutory laws.
A Transfer on Death Deed (also known as a TOD or Beneficiary Deed) in Tempe, Arizona, is a legal document that allows a property owner, typically a husband and wife, to designate four individuals as beneficiaries of their property upon their death. This type of deed is commonly used to avoid probate and ensure a smooth transfer of the property to the intended beneficiaries. There are various types of Transfer on Death Deeds in Tempe, Arizona, each offering different options and benefits. Some different types of TOD — Beneficiary Deeds for Husband and Wife to Four Individuals include: 1. General Transfer on Death Deed: This type of deed allows the property owner to designate four individuals as beneficiaries, specifying their shares or percentages of ownership in the property. It provides flexibility in distributing the property among the beneficiaries. 2. Joint Tenancy with Right of Survivorship Transfer on Death Deed: In this type of deed, the property is held in joint tenancy by the husband and wife. If one spouse passes away, the surviving spouse automatically assumes full ownership. Upon the death of both spouses, the property transfers to the designated four individuals. 3. Tenancy in Common Transfer on Death Deed: With this type of deed, the property is owned by the husband and wife as tenants in common, each with a distinct share. Upon the death of one spouse, their share transfers to the designated beneficiaries, while the other spouse retains their share. 4. Life Estate Transfer on Death Deed: A life estate deed grants the husband and wife the right to live in the property until their death, after which it transfers to the named beneficiaries. This type of deed allows the husband and wife to maintain control and use of the property during their lifetime. By utilizing a Transfer on Death Deed in Tempe, Arizona, a husband and wife can ensure that their property is passed on to their chosen beneficiaries without the need for probate court involvement. It provides a convenient and efficient way to transfer real estate assets while offering flexibility in customizing the distribution to the four individuals named as beneficiaries.A Transfer on Death Deed (also known as a TOD or Beneficiary Deed) in Tempe, Arizona, is a legal document that allows a property owner, typically a husband and wife, to designate four individuals as beneficiaries of their property upon their death. This type of deed is commonly used to avoid probate and ensure a smooth transfer of the property to the intended beneficiaries. There are various types of Transfer on Death Deeds in Tempe, Arizona, each offering different options and benefits. Some different types of TOD — Beneficiary Deeds for Husband and Wife to Four Individuals include: 1. General Transfer on Death Deed: This type of deed allows the property owner to designate four individuals as beneficiaries, specifying their shares or percentages of ownership in the property. It provides flexibility in distributing the property among the beneficiaries. 2. Joint Tenancy with Right of Survivorship Transfer on Death Deed: In this type of deed, the property is held in joint tenancy by the husband and wife. If one spouse passes away, the surviving spouse automatically assumes full ownership. Upon the death of both spouses, the property transfers to the designated four individuals. 3. Tenancy in Common Transfer on Death Deed: With this type of deed, the property is owned by the husband and wife as tenants in common, each with a distinct share. Upon the death of one spouse, their share transfers to the designated beneficiaries, while the other spouse retains their share. 4. Life Estate Transfer on Death Deed: A life estate deed grants the husband and wife the right to live in the property until their death, after which it transfers to the named beneficiaries. This type of deed allows the husband and wife to maintain control and use of the property during their lifetime. By utilizing a Transfer on Death Deed in Tempe, Arizona, a husband and wife can ensure that their property is passed on to their chosen beneficiaries without the need for probate court involvement. It provides a convenient and efficient way to transfer real estate assets while offering flexibility in customizing the distribution to the four individuals named as beneficiaries.
