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.
Chandler Arizona Transfer on Death (TOD) — Beneficiary Dee— - Individual Grantor to Three Individuals is a legal document used to transfer property ownership in Chandler, Arizona, upon the death of the granter. This specific type of deed allows the granter to name three individuals as beneficiaries who will receive the property upon their passing. By utilizing a TOD beneficiary deed, the granter ensures a seamless transfer of ownership without the need for probate court involvement. There are various types of TOD beneficiary deeds available in Chandler, Arizona, catering to specific circumstances and preferences of the granter. Some examples include: 1. Joint Tenants with Right of Survivorship (TWOS): This type of TOD beneficiary deed allows the granter to transfer ownership to three individuals as joint tenants. In the event of the granter's death, the surviving joint tenants automatically inherit the deceased's share in the property, without the need for probate. 2. Tenants in Common (TIC): In this variation of a TOD beneficiary deed, the granter can name three individuals as tenants in common, each with a distinct share of ownership in the property. Should the granter pass away, the three individuals will each receive their respective share, either equally or as specified in the deed. 3. Percentage Ownership: With this type of TOD beneficiary deed, the granter can allocate specific percentages of ownership to each of the three individuals named as beneficiaries. This allows for a more customized distribution of the property based on the granter's preferences and circumstances. 4. Contingent Beneficiaries: In addition to naming the primary beneficiaries, the granter may choose to designate one or more contingent beneficiaries. Contingent beneficiaries will inherit the property only if the primary beneficiaries are deceased at the time of the granter's passing. By utilizing a Chandler Arizona Transfer on Death (TOD) — Beneficiary Dee— - Individual Grantor to Three Individuals, the granter can provide a clear framework for the distribution of their property upon their death. This type of deed avoids the complexities and costs associated with probate court, ensuring a smoother transfer process for the beneficiaries.Chandler Arizona Transfer on Death (TOD) — Beneficiary Dee— - Individual Grantor to Three Individuals is a legal document used to transfer property ownership in Chandler, Arizona, upon the death of the granter. This specific type of deed allows the granter to name three individuals as beneficiaries who will receive the property upon their passing. By utilizing a TOD beneficiary deed, the granter ensures a seamless transfer of ownership without the need for probate court involvement. There are various types of TOD beneficiary deeds available in Chandler, Arizona, catering to specific circumstances and preferences of the granter. Some examples include: 1. Joint Tenants with Right of Survivorship (TWOS): This type of TOD beneficiary deed allows the granter to transfer ownership to three individuals as joint tenants. In the event of the granter's death, the surviving joint tenants automatically inherit the deceased's share in the property, without the need for probate. 2. Tenants in Common (TIC): In this variation of a TOD beneficiary deed, the granter can name three individuals as tenants in common, each with a distinct share of ownership in the property. Should the granter pass away, the three individuals will each receive their respective share, either equally or as specified in the deed. 3. Percentage Ownership: With this type of TOD beneficiary deed, the granter can allocate specific percentages of ownership to each of the three individuals named as beneficiaries. This allows for a more customized distribution of the property based on the granter's preferences and circumstances. 4. Contingent Beneficiaries: In addition to naming the primary beneficiaries, the granter may choose to designate one or more contingent beneficiaries. Contingent beneficiaries will inherit the property only if the primary beneficiaries are deceased at the time of the granter's passing. By utilizing a Chandler Arizona Transfer on Death (TOD) — Beneficiary Dee— - Individual Grantor to Three Individuals, the granter can provide a clear framework for the distribution of their property upon their death. This type of deed avoids the complexities and costs associated with probate court, ensuring a smoother transfer process for the beneficiaries.
