Quitclaim Deed Arizona

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Commonly Asked Questions about Quitclaim Deed Arizona

How much does it cost to file a quit claim deed in AZ?

Our fee is only $299 for the Quit Claim deed, for any county in Arizona- professionally prepared and guaranteed. There is a $51 filing fee, in addition to our fee.

How do I transfer property to a family member in Arizona?

To transfer ownership of a property to a relative in Arizona, it is necessary to complete and file a legal document known as a deed. The signed deed must then be recorded with the countys land records office where the property resides.

How do I add someone to a deed in Arizona?

You will need to record a deed to add a name. The deed will need to contain the complete legal description of the parcel you wish to convey. We recommend you have the deed docHubd prior to recording it with the county recorders office.

What are the tax implications of adding someone to a deed in Arizona?

Adding a family member to the deed as a joint owner for no consideration is considered a gift of 50% of the propertys fair market value for tax purposes. If the value of the gift exceeds the annual exclusion limit ($16,000 for 2022) the donor will need to file a gift tax return (via Form 709) to report the transfer.

How does a quitclaim deed work in Arizona?

A quitclaim deed is the fastest and most affordable way to transfer ownership of property from a seller to a buyer. It conveys an owners interest in a property to a buyer without offering any guarantees or warranties about the status of the property.

Overview What is a quitclaim deed in Arizona?

A quitclaim deed is used to transfer a property owners interest in the property to another person without any warranties or guarantees as to the condition of the property. Using a Quitclaim Deed to Transfer Property in Arizona - Provident Law providentlawyers.com using-a-quitclaim-d providentlawyers.com using-a-quitclaim-d