You also need to have your completed beneficiary deed notarized, then record it in the county where the property is located. Arizona beneficiary deeds can't be used for real estate in other states. They typically include a page and map reference in the book of maps for Maricopa County (or other Arizona county where the property is located). Legal descriptions can be found on the deed that you received when you acquired the property. For starters, you need to list the correct legal description of your property - not the street address. Regardless of which option you choose, it's important to follow the right protocol. Some attorneys and deed preparers feature helpful question-and-answer sections on their websites. Michele Esslinger, owner of in Fountain Hills, charges $150. Certified legal document preparers, while not attorneys, also can draw up the deeds. For example, Garde Law Group ()in Anthem charges $120, while KeytLaw (/bd) in Phoenix has online beneficiary-deed packages from $47 to $195. Prices and services vary, but attorneys often will do the job or guide you through it for under $200 or so. Dozens of readers called or sent e-mail messages seeking more information.Ī third option is to contact an attorney. This became apparent after an article appeared last Sunday in the AZ Economy section of the Republic that discussed the deeds and how they are being adopted in other states. Yet plenty of Arizona residents don't know where to find beneficiary deeds because there's no single source or form. For many Arizona homeowners, a beneficiary deed might be all they need. The deeds aren't as versatile as living trusts but are less expensive. The deeds don't transfer ownership of a property until death, meaning an owner can sell a property, refinance it or take other actions while still living. They can be revoked later and replaced with another deed if your situation changes. These one- or two-page documents, called beneficiary deeds, are fairly simple to prepare. Arizona law provides sample wording for the deeds and revocation forms.įor more than a decade, Arizona has sanctioned a type of deed that allows probate-free transfers of homes and other real estate at an owner's death. Beneficiary deeds can be revoked and replaced while an owner is still living.Options range from doing it yourself to hiring an attorney. Arizonans often are confused about how to obtain a beneficiary deed%2C as there is no single source or form.Beneficiary deeds are a popular and simple way to transfer Arizona homes and other real estate at death%2C without subjecting the transfer to probate.
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