Does a beneficiary deed need to be notarized in Arizona?

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.

How do I file a beneficiary deed in Arizona?

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.

US Legal Forms
Localized Forms
Arizona
Tucson
Arizona Transfer on Death Deed or TOD - Beneficiary Deed for...

Tucson Arizona Transfer on Death Deed or TOD - Beneficiary Deed for Individual to Individual

Name: Tucson Arizona Transfer on Death Deed or TOD - Beneficiary Deed for Individual to Individual
Brand: US Legal Forms
Rating: 4.69 (418 reviews)

Category:

Real Estate - Deeds - Transfer on Death

State:

Arizona

City:

Tucson

Control #:

AZ-038-77

Format:

Instant download

Description

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.

A Transfer on Death Deed, also known as a TOD or Beneficiary Deed, is a legal document used in Tucson, Arizona, that allows an individual to designate a beneficiary or beneficiaries for their real estate property upon their passing. This type of deed helps to streamline the transfer of property to the designated beneficiary without the need for probate. Tucson offers different types of Transfer on Death Deeds or Beneficiary Deeds for individuals looking to plan for the future transfer of their property to loved ones. These include: 1. Tucson Revocable Transfer on Death Deed: This deed allows the property owner to name one or more beneficiaries who will inherit the property upon their death. The owner retains the right to change or revoke the designation at any time during their lifetime. 2. Tucson Irrevocable Transfer on Death Deed: With this type of deed, the property owner designates one or more beneficiaries to inherit the property upon their passing, and this designation cannot be changed or revoked without the consent of the beneficiaries. 3. Tucson Joint Tenancy with Right of Survivorship Transfer on Death Deed: This deed is specifically designed for joint property owners. It allows the surviving owner(s) to automatically inherit the property upon the death of the other joint owner(s) without the need for probate. 4. Tucson Community Property with Right of Survivorship Transfer on Death Deed: This deed is applicable to married couples who own property as community property. It ensures that the surviving spouse automatically becomes the sole owner of the property upon the death of their spouse, avoiding probate. 5. Tucson Tenants in Common Transfer on Death Deed: This deed allows multiple owners to individually designate their own beneficiaries for their respective share of the property. Upon the owner's death, their designated beneficiary inherits their portion of the property. By utilizing Tucson Transfer on Death Deeds or Beneficiary Deeds, individuals can have peace of mind knowing that their property will be efficiently transferred to their chosen beneficiaries without the hassle and expense of probate. It is advisable to consult with a qualified attorney familiar with Tucson real estate laws to ensure the proper preparation and execution of these deeds.

North Las Vegas Formulario de aprobación de actividad de recaudación de fondos

View this form

Irvine Acuerdo del proveedor para realizar servicios

View this form

Fort Worth Contrato para la remoción de escombros de huracanes

View this form

Arlington Advertencia por escrito al empleado

View this form

Aurora Política de Metas, Valores y Creencias

View this form

Sample Letter for Payoff of Loan held by M...

View this form

14.24 DEFINITION: "TIMELY NOTICE" - LEAVE ...

View this form

Salt Water Disposal Lease (Maintained by R...

View this form

Agreement to Arbitrate Online

View this form

Sample Letter to Bank concerning Accounts ...

View this form

Notice of Lease for Recording

View this form

Joint Venture Agreement for the Constructi...

View this form

Agreement to List Securities on Exchange -...

View this form

90 Day Lease Termination Notice to Tenant ...

View this form

Complaint For Failure Of Insurer To pay Be...

View this form

How to fill out Tucson Arizona Transfer On Death Deed Or TOD - Beneficiary Deed For Individual To Individual?

Are you seeking a trustworthy and cost-effective legal forms supplier to purchase the Tucson Arizona Transfer on Death Deed or TOD - Beneficiary Deed for Individual to Individual? US Legal Forms is your ideal answer.

Whether you require a simple agreement to establish guidelines for living together with your partner or a collection of documents to advance your divorce through the court, we have you covered. Our platform provides over 85,000 current legal document templates for personal and business purposes. All templates that we provide access to are not generic and structured in accordance with the regulations of specific states and regions.

To download the form, you need to Log In to your account, locate the desired template, and press the Download button adjacent to it. Please remember that you can retrieve your previously purchased document templates at any time from the My documents tab.

Are you unfamiliar with our website? No problem. You can easily create an account, but before that, ensure to do the following.

Now you can establish your account. Then choose the subscription option and proceed to payment. Once the payment is completed, download the Tucson Arizona Transfer on Death Deed or TOD - Beneficiary Deed for Individual to Individual in any available format. You can return to the website anytime and redownload the form at no extra cost.

Finding up-to-date legal forms has never been simpler. Try US Legal Forms now, and forget about spending hours understanding legal documents online for good.

Check if the Tucson Arizona Transfer on Death Deed or TOD - Beneficiary Deed for Individual to Individual aligns with the regulations of your state and locality.
Review the form’s description (if available) to discover who and what the form is suitable for.
Restart the search in case the template isn’t appropriate for your specific situation.

Form popularity

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.

Interesting Questions

More info

Learn about Small estate affidavit on Arizona today. Before you go that route, however, have you considered the alternative of utilizing a "Transfer of Death Deed" (sometimes also called a "Beneficiary Deed"?The title certificate is used to transfer ownership from one person to another.

Trusted and secure by over 3 million people of the world’s leading companies

Transfer on Death Deed or TOD - Beneficiary Deed for Individual to Individual

TITLE 33 PROPERTY
CHAPTER 4 CONVEYANCES AND DEEDS
ARTICLE 1. FORMAL REQUIREMENTS AND MODEL FORMS

33-405. Beneficiary deeds; recording; definitions

A. A deed that conveys an interest in real property, including any debt secured by a lien on real property, to a grantee beneficiary designated by the owner and that expressly states that the deed is effective on the death of the owner transfers the interest to the designated grantee beneficiary effective on the death of the owner subject to all conveyances, assignments, contracts, mortgages, deeds of trust, liens, security pledges and other encumbrances made by the owner or to which the owner was subject during the owner's lifetime.

B. A beneficiary deed may designate multiple grantees who take title as joint tenants with right of survivorship, tenants in common, a husband and wife as community property or as community property with right of survivorship, or any other tenancy that is valid under the laws of this state.

C. A beneficiary deed may designate a successor grantee beneficiary. If the beneficiary deed designates a successor grantee beneficiary, the deed shall state the condition on which the interest of the successor grantee beneficiary would vest.

D. If real property is owned as joint tenants with the right of survivorship or as community property with the right of survivorship, a deed that conveys an interest in the real property to a grantee beneficiary designated by all of the then surviving owners and that expressly states that the deed is effective on the death of the last surviving owner transfers the interest to the designated grantee beneficiary effective on the death of the last surviving owner. If a beneficiary deed is executed by fewer than all of the owners of real property owned as joint tenants with right of survivorship or community property with right of survivorship, the beneficiary deed is valid if the last surviving owner is one of the persons who executes the beneficiary deed. If the last surviving owner did not execute the beneficiary deed, the transfer shall lapse and the deed is void. An estate in joint tenancy with right of survivorship or community property with right of survivorship is not affected by the execution of a beneficiary deed that is executed by fewer than all of the owners of the real property and the rights of a surviving joint tenant with right of survivorship or a surviving spouse in community property with right of survivorship shall prevail over a grantee beneficiary named in a beneficiary deed.

E. A beneficiary deed is valid only if the deed is executed and recorded as provided by law in the office of the county recorder of the county in which the property is located before the death of the owner or the last surviving owner. A beneficiary deed may be used to transfer an interest in real property to the trustee of a trust even if the trust is revocable.

F. A beneficiary deed may be revoked at any time by the owner or, if there is more than one owner, by any of the owners who executed the beneficiary deed. To be effective, the revocation must be executed and recorded as provided by law in the office of the county recorder of the county in which the real property is located before the death of the owner who executes the revocation. If the real property is owned as joint tenants with right of survivorship or community property with right of survivorship and if the revocation is not executed by all the owners, the revocation is not effective unless executed by the last surviving owner.

G. If an owner executes and records more than one beneficiary deed concerning the same real property, the last beneficiary deed that is recorded before the owner's death is the effective beneficiary deed.

H. This section does not prohibit other methods of conveying property that are permitted by law and that have the effect of postponing enjoyment of an interest in real property until the death of the owner. This section does not invalidate any deed otherwise effective by law to convey title to the interests and estates provided in the deed that is not recorded until after the death of the owner.

I. The signature, consent or agreement of or notice to a grantee beneficiary of a beneficiary deed is not required for any purpose during the lifetime of the owner.

J. A beneficiary deed that is executed, acknowledged and recorded in accordance with this section is not revoked by the provisions of a will.

K. A beneficiary deed is sufficient if it complies with other applicable laws and if it is in substantially the following form:

Beneficiary Deed

I (we) ___ (owner) hereby convey to
___ (grantee beneficiary) effective on
my (our) death the following described real property:

(Legal description)

If a grantee beneficiary predeceases the owner, the conveyance to that grantee beneficiary shall either (choose one):

[ ] Become null and void.

[ ] Become part of the estate of the grantee beneficiary.

__________________________________
Signature of grantor(s))

(acknowledgment).

L. The instrument of revocation shall be sufficient if it complies with other applicable laws and is in substantially the following form:

Revocation of Beneficiary Deed

The undersigned hereby revokes the beneficiary deed recorded
on _____________ (date), in docket or book _____________ at
page _________, or instrument number ______________, records
of ______________ county, Arizona.

Dated: _______________________

______________________________
Signature

(acknowledgment).

M. For the purposes of this section:

1. "Beneficiary deed" means a deed authorized under this section.

2. "Owner" means any person who executes a beneficiary deed as provided in this section.

Transfer on Death Deed or TOD - Beneficiary Deed for Individual to Individual

TITLE 33 PROPERTY
CHAPTER 4 CONVEYANCES AND DEEDS
ARTICLE 1. FORMAL REQUIREMENTS AND MODEL FORMS

33-405. Beneficiary deeds; recording; definitions

A. A deed that conveys an interest in real property, including any debt secured by a lien on real property, to a grantee beneficiary designated by the owner and that expressly states that the deed is effective on the death of the owner transfers the interest to the designated grantee beneficiary effective on the death of the owner subject to all conveyances, assignments, contracts, mortgages, deeds of trust, liens, security pledges and other encumbrances made by the owner or to which the owner was subject during the owner's lifetime.

B. A beneficiary deed may designate multiple grantees who take title as joint tenants with right of survivorship, tenants in common, a husband and wife as community property or as community property with right of survivorship, or any other tenancy that is valid under the laws of this state.

C. A beneficiary deed may designate a successor grantee beneficiary. If the beneficiary deed designates a successor grantee beneficiary, the deed shall state the condition on which the interest of the successor grantee beneficiary would vest.

D. If real property is owned as joint tenants with the right of survivorship or as community property with the right of survivorship, a deed that conveys an interest in the real property to a grantee beneficiary designated by all of the then surviving owners and that expressly states that the deed is effective on the death of the last surviving owner transfers the interest to the designated grantee beneficiary effective on the death of the last surviving owner. If a beneficiary deed is executed by fewer than all of the owners of real property owned as joint tenants with right of survivorship or community property with right of survivorship, the beneficiary deed is valid if the last surviving owner is one of the persons who executes the beneficiary deed. If the last surviving owner did not execute the beneficiary deed, the transfer shall lapse and the deed is void. An estate in joint tenancy with right of survivorship or community property with right of survivorship is not affected by the execution of a beneficiary deed that is executed by fewer than all of the owners of the real property and the rights of a surviving joint tenant with right of survivorship or a surviving spouse in community property with right of survivorship shall prevail over a grantee beneficiary named in a beneficiary deed.

E. A beneficiary deed is valid only if the deed is executed and recorded as provided by law in the office of the county recorder of the county in which the property is located before the death of the owner or the last surviving owner. A beneficiary deed may be used to transfer an interest in real property to the trustee of a trust even if the trust is revocable.

F. A beneficiary deed may be revoked at any time by the owner or, if there is more than one owner, by any of the owners who executed the beneficiary deed. To be effective, the revocation must be executed and recorded as provided by law in the office of the county recorder of the county in which the real property is located before the death of the owner who executes the revocation. If the real property is owned as joint tenants with right of survivorship or community property with right of survivorship and if the revocation is not executed by all the owners, the revocation is not effective unless executed by the last surviving owner.

G. If an owner executes and records more than one beneficiary deed concerning the same real property, the last beneficiary deed that is recorded before the owner's death is the effective beneficiary deed.

H. This section does not prohibit other methods of conveying property that are permitted by law and that have the effect of postponing enjoyment of an interest in real property until the death of the owner. This section does not invalidate any deed otherwise effective by law to convey title to the interests and estates provided in the deed that is not recorded until after the death of the owner.

I. The signature, consent or agreement of or notice to a grantee beneficiary of a beneficiary deed is not required for any purpose during the lifetime of the owner.

J. A beneficiary deed that is executed, acknowledged and recorded in accordance with this section is not revoked by the provisions of a will.

K. A beneficiary deed is sufficient if it complies with other applicable laws and if it is in substantially the following form:

Beneficiary Deed

I (we) ___ (owner) hereby convey to
___ (grantee beneficiary) effective on
my (our) death the following described real property:

(Legal description)

If a grantee beneficiary predeceases the owner, the conveyance to that grantee beneficiary shall either (choose one):

[ ] Become null and void.

[ ] Become part of the estate of the grantee beneficiary.

__________________________________
Signature of grantor(s))

(acknowledgment).

L. The instrument of revocation shall be sufficient if it complies with other applicable laws and is in substantially the following form:

Revocation of Beneficiary Deed

The undersigned hereby revokes the beneficiary deed recorded
on _____________ (date), in docket or book _____________ at
page _________, or instrument number ______________, records
of ______________ county, Arizona.

Dated: _______________________

______________________________
Signature

(acknowledgment).

M. For the purposes of this section:

1. "Beneficiary deed" means a deed authorized under this section.

2. "Owner" means any person who executes a beneficiary deed as provided in this section.

Tucson Arizona Transfer on Death Deed or TOD - Beneficiary Deed for Individual to Individual

Description

Related forms

Viewed forms

How to fill out Tucson Arizona Transfer On Death Deed Or TOD - Beneficiary Deed For Individual To Individual?

Form popularity

FAQ

What are the inheritance laws in Arizona?

Does a beneficiary deed need to be notarized in Arizona?

Does Arizona allow TOD deeds?

Does Arizona recognize beneficiary deeds?

How do you avoid probate in Arizona?

How much is it to record a beneficiary deed in Arizona?

Does Arizona recognize a beneficiary deed?

How do I file a beneficiary deed in Arizona?

Interesting Questions

What is a Tucson Transfer on Death Deed or TOD - Beneficiary Deed?

How does a Tucson Transfer on Death Deed work?

Who can use a Tucson Transfer on Death Deed?

Can I change my beneficiary on a Tucson Transfer on Death Deed?

What happens if the designated beneficiary on a Tucson Transfer on Death Deed passes away before the property owner?

Can I sell or mortgage my property if I have a Tucson Transfer on Death Deed?

More info

Trusted and secure by over 3 million people of the world’s leading companies

Tucson Arizona Transfer on Death Deed or TOD - Beneficiary Deed for Individual to Individual

Description

Related forms

Viewed forms

How to fill out Tucson Arizona Transfer On Death Deed Or TOD - Beneficiary Deed For Individual To Individual?

Form popularity

FAQ

What are the inheritance laws in Arizona?

Does a beneficiary deed need to be notarized in Arizona?

Does Arizona allow TOD deeds?

Does Arizona recognize beneficiary deeds?

How do you avoid probate in Arizona?

How much is it to record a beneficiary deed in Arizona?

Does Arizona recognize a beneficiary deed?

How do I file a beneficiary deed in Arizona?