An Arizona beneficiary deed transfers real property to a named beneficiary when the property owner dies. Otherwise known as a “transfer on death deed” in other states, this deed is used in lieu of adding the property title to the will. It works similarly in that the beneficiary’s acceptance is not required to record and validate the document. The execution of this document will allow the property to pass down to the owner’s descendants outside of probate proceedings.
The powers of this deed only come into effect when the owner dies, and it may be revoked at any time by recording a revocation or another beneficiary deed for the same property.
Related Forms (1)