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.
Lima Arizona Transfer on Death or TOD — Beneficiary Deed — IndividGranterntor to Three Individuals is a legal instrument used in Pima County, Arizona, for estate planning purposes. It allows an individual (the granter) to transfer their real property to three specific beneficiaries upon their death, without the need for probate. Key Features of Lima Arizona Transfer on Death or TOD — Beneficiary Deed — IndividGranterntor to Three Individuals: 1. Beneficiary Designation: The granter can specify up to three individuals as beneficiaries who will receive ownership rights to the property upon the granter's death. The beneficiaries can be relatives, friends, or any other chosen individuals. 2. Avoidance of Probate: By using this deed, the transfer of property bypasses the probate process. This means that the property transfers directly to the named beneficiaries without the need for court involvement or approval, thus saving time and costs associated with probate. 3. Revocability: The granter retains the right to revoke or modify the deed during their lifetime, allowing them to make changes as their circumstances or preferences change without the need for a new deed. 4. Conditional Transfer: The transfer only occurs upon the death of the granter. Until then, the granter maintains full control and ownership of the property, including the ability to sell, mortgage, or lease it. 5. Multiple Types: Besides the Individual Granter to Three Individuals, there are several other types of Transfer on Death or TOD — Beneficiary Deeclimatema Arizona. These include: a. Individual Granter to One Individual: In this version, the granter designates a single beneficiary to whom the property will transfer upon their death. b. Joint Granters to Three Individuals: This type involves a joint ownership of the property between two or more granters, with three beneficiaries named as the joint owners' successors upon death. c. Joint Granters to One Individual: Similar to the above type, but the property transfers to a single beneficiary upon the death of joint granters. d. Trustee Granter to Three Individuals: Here, the granter designates a trustee who holds the property on behalf of the three beneficiaries until the granter's death, after which the beneficiaries assume ownership. In conclusion, Lima Arizona Transfer on Death or TOD — Beneficiary Deed — IndividGranterntor to Three Individuals is an estate planning tool that ensures a seamless transfer of real property to specifically named individuals upon the granter's death while avoiding probate. Different forms of this deed exist to suit individual preferences and circumstances.Lima Arizona Transfer on Death or TOD — Beneficiary Deed — IndividGranterntor to Three Individuals is a legal instrument used in Pima County, Arizona, for estate planning purposes. It allows an individual (the granter) to transfer their real property to three specific beneficiaries upon their death, without the need for probate. Key Features of Lima Arizona Transfer on Death or TOD — Beneficiary Deed — IndividGranterntor to Three Individuals: 1. Beneficiary Designation: The granter can specify up to three individuals as beneficiaries who will receive ownership rights to the property upon the granter's death. The beneficiaries can be relatives, friends, or any other chosen individuals. 2. Avoidance of Probate: By using this deed, the transfer of property bypasses the probate process. This means that the property transfers directly to the named beneficiaries without the need for court involvement or approval, thus saving time and costs associated with probate. 3. Revocability: The granter retains the right to revoke or modify the deed during their lifetime, allowing them to make changes as their circumstances or preferences change without the need for a new deed. 4. Conditional Transfer: The transfer only occurs upon the death of the granter. Until then, the granter maintains full control and ownership of the property, including the ability to sell, mortgage, or lease it. 5. Multiple Types: Besides the Individual Granter to Three Individuals, there are several other types of Transfer on Death or TOD — Beneficiary Deeclimatema Arizona. These include: a. Individual Granter to One Individual: In this version, the granter designates a single beneficiary to whom the property will transfer upon their death. b. Joint Granters to Three Individuals: This type involves a joint ownership of the property between two or more granters, with three beneficiaries named as the joint owners' successors upon death. c. Joint Granters to One Individual: Similar to the above type, but the property transfers to a single beneficiary upon the death of joint granters. d. Trustee Granter to Three Individuals: Here, the granter designates a trustee who holds the property on behalf of the three beneficiaries until the granter's death, after which the beneficiaries assume ownership. In conclusion, Lima Arizona Transfer on Death or TOD — Beneficiary Deed — IndividGranterntor to Three Individuals is an estate planning tool that ensures a seamless transfer of real property to specifically named individuals upon the granter's death while avoiding probate. Different forms of this deed exist to suit individual preferences and circumstances.
