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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.
The buyer, or grantee, of a property benefits the most from obtaining a warranty deed. Through the recording of a warranty deed, the seller is providing assurances to the buyer should anything unexpected happen.
general Warranty Deed prepared for $195 Do you have questions about a General Warranty Deed?
The Arizona warranty deed is a form of deed that provides an unlimited warranty of title. It makes an absolute guarantee that the current owner has good title to the property. The warranty is not limited to the time that the current owner owned the property.
A remainderman is a beneficiary in a life estate who will inherit property after the life tenants death. There can be more than one remainderman if you divide the property.
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After the death of the life tenant (or earlier termination of the trust), the remaining capital of the trust fund can then be passed on to other individuals, known as the remaindermen, or a separate trust, as set out in the will.
Arizona allows individuals to transfer property to a beneficiary through what is known as a beneficiary deed. A beneficiary deed is sometimes referred to as a transfer on death deed, or TOD deed. It is a legal document that grants a residential property to a designated beneficiary upon the death of an individual.
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.
According to , a general warranty deed guarantees that: The grantor legally owns the property and has the legal right to transfer it. There are no outstanding mortgages, liens or other claims against the property by any creditor.
In addition to the proper form, Arizona deeds must be properly delivered, properly recorded and the land must be properly described. Defects in the delivery, recordation, or description may result in the failure of the conveyance or in other serious adverse consequences.

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