Property acquired by a husband and wife is presumed to be community property unless legally specified otherwise. These requirements may involve filing an Affidavit of Survivorship and a certified copy of the deceased owner's death certificate with the county recorder's office or registrar of titles. A deed allows the current owners (grantors) to transfer property to new owners (grantees). The grantor must sign the deed in the presence of a notary public or other officer authorized to … Our ARIZONA QUITCLAIM DEED may be used legally to transfer Arizona real property rights to another person or legal entity. . The deed must have a caption that summarized the type of document it is: gift or quitclaim deed. Typically set up for estate planning purposes, revocable trusts don't take full effect until they are funded. For example, two or more person can take title to real estate as tenants in common with the percentage ownership interest of each person being separate and distinct -- … Learn more: Step by Step self-paced guide; Frequently Asked Questions The attorney listings on this site are paid attorney advertising. A house title, also referred to as a property title, is a concept that denotes ownership rights over a given real estate property. The title is stored electronically. The buyer must visit any MVD or Authorized Third Party office to transfer the title and register the vehicle. ... For more information you may call the Arizona Department of Revenue at 602-716-6843. How to change the real estate closing date on a house Closing dates are outlined in the purchase contract. ... How do I change the ownership of a piece of property. Title may be held as "Sole and Separate." Using a Quitclaim Deed Obtain the form deed from the recorder or register of deeds in the county … Quitclaim deeds are generally exempt, but the recorder's office will not allow the recording to proceed if you need one. Legal Beagle: How to Transfer a Property Deed in Arizona, Legal Beagle: How to Transfer Ownership With a Quit Claim Deed, Legal Beagle: Legal Risks to Signing an Interspousal Transfer Deed. § 33-405 which created for the first time in Arizona the use of beneficiary deeds. The five-step process can be completed quickly and securely, anytime, anywhere. A definition of a “legal entity” may be a corporation, partnership, an association or trust, just to name a few. Courthouse Direct: What is a Deed of Conveyance? Record the document at the Maricopa County Recorder's office with applicable fees paid by cash or check made payable to: Maricopa County Recorder. Inheriting property is typically considered a boon. Once a deed is recorded it cannot be changed. Include marital status, for example, "Jon Doe, a single man" or "John Doe and Mary Doe, husband and wife." List your current primary residence in any spaces that request the grantor's address. Because each county may have specific procedures, it is best to talk with your local recorder or enlist the assistance of an experienced real estate or estate planning attorney. A name change may not be allowed if the court thinks that the change might affect the rights of another person such as a creditor or the other parent of the child. A name change on property deed is ideal when you own a house without any loan or mortgage. The names of Arizona deeds are determined by the features of the deed. This means the currency that changed hands for the purchase of the property. Copyright 2020 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. You have several options as to how you hold title to your Arizona property, including: Go to your local county recorder's office to find out the correct papers to file to transfer or change the title to your property. State Laws on Transfer on Death Beneficiary for Property. Since you want to remain on the deed, you'll need to also be a grantee, or receiving party. To be valid, each deed must meet the requirements of Arizona law. In Arizona, a deed of conveyance costs $15 to record with additional fees for items such as affidavits and mortgage deeds. This point is often confusing because many people believe that property should be held in the name of the trust. Once the deed is signed, it is recorded in the land records of the county where the property is located. To complete the conveyance, you will need to transfer title to that property to the person taking over ownership. Step 1. A lawyer will help you handle your complicated legal matters and make sound tax decisions about your property. A quitclaim deed is used to relinquish interest by an owner, perhaps in a short sale. Another tax implication will be on your federal income taxes. The deed title is the official ownership record maintained at the county recorder's office. (link is external) within 15 days of purchase. Note: Arizona is a community property state. In the state of Arizona the process to transfer a mobile home title from one owner to the next is fairly simple and straightforward. Joint Tenancy with the Right of Survivorship, Community Property with the Right of Survivorship. An electronic title transfer is available, or the buyer may contact an MVD Office or Authorized Third Party provider and provide a signed off title and title application to complete the process. Access a form online or from an attorney or make your own with the required information. You must record the original, signed and notarized document to the Maricopa County Recorder's Office. In this article I will discuss more about the difference between the two types of deeds and the process we use for filing your deed. A quitclaim deed may also be used to add, delete or change a name on the title. Duplicate Title. To address the above issue, the Arizona legislature adopted A.R.S. The county website has a fee calculator to assist. Nothing on this website should be considered a substitute for the advice of an attorney. Almost immediately, those homeowners discover there's more than one way to do this — quitclaim deeds, warranty deeds, special warranty deeds and more. An Arizona beneficiary deed form—also known as an Arizona transfer-on-death deed form or Arizona TOD deed form—is a type of deed authorized by statute to pass Arizona real estate to designated beneficiaries on the death of an owner.An Arizona beneficiary deed for works the same way as a TOD designation on a bank account. If you have any questions, please reach out to us on our contact us page. The holder of a house title has the right to use and make changes to their property, and, depending on how they hold title, they may transfer their share of the title to a different owner on their own or through an agreement with their property co-owner. BOTH of our names are on the deed. A married couple seeking to hold title to real property located in Arizona in a form other than community property may do so by renouncing the community property form and specifically accepting another form of co-tenancy. 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