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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.
It can be used to transfer an owners Arizona property interest to another person upon the property owners death. Once you create a beneficiary deed, it needs to be recorded with the county recorder in the county where the property is located.
A survivorship affidavit (sometimes called an affidavit of death or affidavit of continuous marriage) is a legal document used to remove a deceased owner from title to property by recording evidence of the deceased owners death in the land records.
Three Scenarios TRANSFER OF PROPERTY TO AN HEIR IN A DECEASED ESTATE. The Executor would pass transfer of the Property in terms of the Will or of Intestate Succession; Read More. SALE OF THE PROPERTY BY THE DECEASED PRIOR TO DEATH. SALE BY THE EXECUTOR DIRECTLY TO A PURCHASER.
Arizona Beneficiary Deeds Explained 33-405. This law lays out the guidelines and requirements for a Beneficiary Deed. A Beneficiary Deed is simply a legal instrument that allows an individual to leave any real estate to a family member or other party in a deed, rather than a will.
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The Arizona beneficiary deed form allows property to be automatically transferred to a new owner when the current owner dies, without the need to go through probate. It also gives the current owner retained control over the property, including the right to change his or her mind about the transfer.
To establish a beneficiary deed in Arizona, the deed must: Grant the real estate property to a beneficiary designated by the owner of said property. Be recorded in the office of the county where the property is located. Be recorded in the county office before the property owners death.
Requirements for Arizona Beneficiary Deed Forms The deed must be recorded in the office of the county recorder of the county where the property is located before the death of the owner (or, with multiple owners, before the death of the last surviving owner).
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.
If Your Deed Is Not Recorded, the Property Could Be Sold Out From Under You (and Other Scary Scenarios) In practical terms, failure to have your property deed recorded would mean that, if you ever wanted to sell, refinance your mortgage, or execute a home equity line of credit, you could not do so.

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