Transferring Property with a Beneficiary Deed or Title
An Arizona beneficiary deed is an estate planning tool that can be used to transfer your interest in real property (land and buildings) to another person or entity at death. The main reason for using this type of document is to avoid the need for the property going through probate. You sign and record the deed now and retain ownership throughout your lifetime.
A beneficiary title can also be executed for a vehicle through the Arizona Motor Vehicles Department. If you register your vehicle in this manner the transfer is automatic and there is no need for title to go through probate.
A beneficiary deed or title can be a important component of a comprehensive estate plan. The estate planning attorneys at Bellah Perez can explain your options and help you protect your family’s legacy.