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A beneficiary deed is an important legal document that affects most peoples most valuable asset, their home. The $495 cost of an Arizona Beneficiary Deed is big bargain if it saves your family the $1,500 $3,500 it would cost to do a superior court probate proceeding.
What are the disadvantages of a beneficiary deed?
In cases where theres a conflict between a will and a deed, the deed usually takes precedence, as it directly impacts the title of the property. Certain documents, like transfer on death deeds, can override the instructions in a will, making it essential to carefully consider the implications of each.
How does a beneficiary deed work in Arizona?
The second important point is that a beneficiary deed supersedes a will, so if the documents contradict one another, the beneficiary deed takes precedence. The third important point is that only a valid beneficiary deed will effectuate a transfer of property.
Does Arizona allow beneficiary deeds?
Here in Arizona, theres a valuable alternative for transferring real property upon your passing: the beneficiary deed. This simple yet effective tool allows you to designate beneficiaries who will receive your property automatically, bypassing probate.
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