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Arizona Law on Real Property Deed Conveyance All transfers of property in Arizona must be in writing. The deed must be signed by the grantor and docHubd by an authority granted those duties in the state.
Arizona is one a handful of statesincluding Colorado and Missourithat use the term beneficiary deed to refer to a deed that designates a beneficiary to inherit property at death.
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.
What Is the Difference Between TOD and Beneficiary? A transfer on death is an instrument that transfers ownership of specific accounts and assets to someone. A beneficiary is someone that is named to receive something of value.
Because TOD accounts are still part of the decedents estate (although not the probate estate that the will establishes), they may be subject to income, estate, and/or inheritance tax. TOD accounts are also not out of docHub for the decedents creditors or other relatives.
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Arizona real estate is transferred using a legal document called a deed.The process involves four general steps: Locate the Prior Deed to the Property. Get a New Deed to the Property. Sign and docHub the New Deed. Record the New Deed in the Land Records.
An Arizona beneficiary deed formalso known as an Arizona transfer-on-death deed form or Arizona TOD deed formis a type of deed authorized by statute to pass Arizona real estate to designated beneficiaries on the death of an owner.
The primary advantage of a transfer on death deed is to avoid the probate process. If a property owner has executed a transfer on death deed, then as soon as the property owner dies, that property passes to the person named. The beneficiary does not have to go to court.
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.
Arizona allows for the transfer of real estate by affidavit if the equity of all the real property in the estate is not greater than $100,000. The use of a beneficiary deed to transfer real property will avoid the need for a probate proceeding in cases where the equity in the property is in excess of $100,000.

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