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Are beneficiary deeds legal in Arizona?

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.

How much is it to record a beneficiary deed in Arizona?

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.

Where can I get a beneficiary deed in Arizona?

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).

What are the disadvantages of a beneficiary deed?

Cons To Using Beneficiary Deed Estate taxes. Property transferred may be taxed. No asset protection. The beneficiary receives the property without protection from creditors, divorces, and lawsuits. Medicaid eligibility. No automatic transfer. Incapacity not addressed. Problems with beneficiaries.

How do I get a beneficiary deed in AZ?

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.

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Where do I file a beneficiary deed in Arizona?

E. A beneficiary deed is valid only if the deed is executed and recorded as provided by law in the office of the county recorder of the county in which the property is located before the death of the owner or the last surviving owner.

Does Arizona recognize a beneficiary deed?

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.

How much is it to record a beneficiary deed in Arizona?

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.

Does a beneficiary deed need to be recorded in Arizona?

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.

How much is it to record a beneficiary deed in Arizona?

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.

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Are beneficiary deeds legal in Arizona?

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Where do I file a beneficiary deed in Arizona?

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