arizona survivorship deed

therefore, in a beneficiary deed. For most people, real estate is one of their most valuable assets. Owner is unmarried or both owners are willing to sign. In effect, tenants in common are a group A beneficiary deed is easily revoked by the owner, or if there is more than one owner by any of the owners who executed the beneficiary deed, by executing and recording the revocation as provided by law in the office of the county recorder in the county in which the property is located. No. A Beneficiary Deed may designate multiple grantees who can title as joint tenants with right of survivorship, tenants in common, a husband and wife as community property or as community property with right of survivorship, or any other tenancy that is valid under Arizona law. Unlike a life estate deed (discussed below), an owner that makes a beneficiary deed forfeits no control during his or her life and can change his or her mind. property, things get a little bit more complicated. Capacity to contract is required. If a beneficiary deed is executed by fewer than all of the owners of real property owned as joint tenants with right of survivorship or community property with right of survivorship, the beneficiary deed is valid if the last surviving owner is one of the persons who executes the beneficiary deed. tenancy, and community property (§ 33-431). Although extremely popular and an effective estate planning tool in some situations, due to the drawbacks, the use of a beneficiary deed is not recommended for every estate plan, and the advantages and disadvantages of using a beneficiary deed should be considered carefully before executing and recording one as part of one's estate plan. Signed_____ Affiant A Survivorship Deed transfers residential or commercial property from one property owner (the grantor) to another (the grantee) while allowing them to avoid going through probate when they (the grantor) passes away. Arizona Blank Documents Name : Warranty Deed Quit Claim Deed Disclaimer Deed Affidavit of Property Value Installment Note Installment Note / Due on Sale (for use with Deed of Trust containing Due on Sale provision)

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