The prior deed to the property includes important information you need to prepare your deed, such as the legal description, the identity of the current owners, and how the current owners’ names are worded. When you, as a property owner, want to transfer your ownership interest, or part of it, to someone else, you must use a deed to officially give the property to its new owner. The quitclaim deed replaces the current deed. Once you have decided which deed you want to use to transfer ownership to property, you’ll need to gather some information to get started on the process with Arizona Statewide Paralegal. NOTE: The Recorder of Deeds office does not provide blank forms of any kind. Statewide Paralegal is a complete case management legal document preparation service. Evidence of that ownership is shown in the deed. Arizona offers two ways to accomplish this: a quit claim deed or a warranty deed. Locate the Prior Deed to the Property. The grantor is the person or persons who owns the property. Using a quitclaim deed is a common and simple way to transfer property. Fill out, securely sign, print or email your quit claim deed maricopa county form instantly with SignNow. Once the conveyance happens, it cannot be undone except with that other additional owner’s consent. If you bought the home during the marriage, you don't necessarily need to add your wife to the deed for her to have ownership rights. You can make your home a marital asset by adding your wife's name using a quitclaim deed. When two or more property owners hold title as joint tenants with right of survivorship, and one of those co-owners dies, the surviving owners share the decedent’s interest in the land by function of law, and without the need for distribution through probate. Quit claim deeds are most often used to transfer property rights between family members. A deed that conveys an interest in your real estate ownership (“adds someone on”) has the legal effect of giving that additional person the same bundle of rights to which you are entitled. The process involves four general steps: Locate the Prior Deed to the Property. Arizona Statewide Paralegal offers the convenience of submitting all of this information on-line. Arizona real estate is transferred by deed. There is a sticky post at the top of the Real Estate Law forum that explains how to add someone to a deed. You can also contact our office directly for an in-person appointment or consultation. The transferor is only transferring any right they may have to the property, whatever that right may be. It conveys whatever interest you have in a piece of property without making any promises about the type of interest you’re conveying. In order to accomplish this, you can't just pen in the name on your deed. We use a secure on-line system that allows you to complete all the steps necessary for us to prepare your quit claim or warranty deed. The most secure digital platform to get legally binding, electronically signed documents in just a few seconds. Since you want to remain on the deed, you'll need to also be a grantee, or receiving party. A deed is a legal document used to transfer ownership of a property. Someone added their name to my father's house deed, and changed it to a Warranty Tenancy Deed without ever letting him know about it. Enter the full legal name of … The deed to your property specifies the type of ownership you have. Quit claim deeds are also used when setting up a living trust. If there is a mortgage on the property, title generally passes subject to … Here, we will cover everything you need to know about signing or using a type called a quitclaim deed. Your wife's signature isn't necessary, because she isn't giving up any ownership rights. The grantor is the person or persons who owns the property. I called the Register of Deeds in Stratford County New Hampshire and asked how was this possible! Deeds to Arizona ... Tax considerations come into play when someone’s name is added to a deed. Available for PC, iOS and Android. Some deeds have a form of warranty on the title whereby a seller (grantor) provides a guarantee as to the soundness of the title. Tenancy in common is when two or more individuals own property but each owner has a separate interest in the property with no right of survivorship. County clerks also provide the forms in person and online; some charge a nominal fee. Warranty deeds are most often used in a sale of a home between two unrelated parties. When you own property you have what is called a legal “interest” in that property. If you require legal advice prior to getting started with one of our services please do so with an attorney licensed with the Arizona State Bar. You'll become joint tenants with rights of survivorship. Either way, you can add someone to your house deed if you take the right steps. You will also need to include the grantee’s name. A quitclaim deed doesn't guarantee a clear property title, so it's generally reserved for property transfers between relatives and close friends. You are providing a promise or warranty that the property is free and clear. List yourself as the grantor, as you're the party giving up your interest. Sign and Notarize the New Deed. If you own your own home, you are free to gift or sell an interest in the real property to someone else. As the "grantor" of the property, you must sign the deed and have your signature notarized. Her articles have been published in the Florida Today and Orlando Sentinel. However, it should be noted that the mortgage is a separate issue. A warranty deed is preferred by most title companies over a quit claim deed especially when refinancing a loan. Copyright 2015 AZSTATEWIDEPARALEGAL.COM • All Rights Reserved • This web site is designed for general information only. How to add someone to the title of a house in Arizona. Get a New Deed to the Property. Include a legal description of the property as it appears on the current deed. Although the wording on each form may vary slightly, all quitclaims deeds will contain the same basic elements. Community property is available only to individuals who are married to each other. If I add someone to title, does that make them responsible for the loan as well? We go a step further, to ensure that your experience with us and most importantly your experience with your legal matter exceed your expectations. The person you're adding to your house title (the "grantee") does not have to sign the deed. It is also one of the most commonly used deeds. The consequence of this act is often … For example, a quit claim deed might be used in a divorce where one spouse receives the family home as part of the divorce property settlement. Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin have community property laws that consider everything a couple purchases after marriage to be equally owned by the spouses. Both types of deeds transfer ownership of a property from one person to another. This is the full legal description. This is not the case. As the name implies, the quitclaim deed allows you to "quit" or give up a share of your interest in the home. You are the grantor (giving the interest) and the person who receives your interest is the grantee. When you add someone to your deed, the IRS sees it as a gift. The process of removing a deceased joint tenant from an Arizona deed is fairly simple. Since you want to remain on the deed, you'll need to also be a grantee, or receiving party. Arizona law has certain requirements for quit claim and warranty deeds. Prepare a New Deed to Avoid Probate . Jeannine Mancini, a Florida native, has been writing business and personal finance articles since 2003. Many people think they can come into the office and change the present recorded deed with a form, but that is not the case. Enter the full legal name of all parties to the transaction. Where available, these tools allow property owners to pass title to their real estate to the named beneficiary or beneficiaries outside of probate court. If the property is in Pima County we can locate the deed if it was recorded after 1986. Include a legal description of the property as it appears on the current deed. You will also need to include the grantee’s name. In Arizona, as in other states, property ownership is determined by the property's deed, and the recorder's office records deeds in the county where the property sits. Community property with the right of survivorship is also only available to individuals married to each other. One spouse may quit claim a deed to the ex in a divorce. This article covers the difference between the two types of deeds and the process for filing them. by Richard Keyt, Arizona real estate attorney. There are different deed forms depending on the type of transfer required. As of 2018, the IRS allowable gift limit is $15,000 annually, per person. The deed also needs notarized. Arizona is a community property state, so all assets and debts acquired during the marriage are considered marital property. A quit claim deed transfers your property interest to another person or legal entity. Available for PC, iOS and Android. There are many different types of deeds. For example, it is a very common (but unwise) method of estate planning for a parent to add a child’s name to a deed. To add someone to your mortgage, contact your lender to see if you can simply add the person. When you sign a quit claim deed you do make any guarantees or promises about whether or not someone else also has a legal interest in the property. With a beneficiary deed, the owner records a deed that conveys the property when he or she dies to whomever is named as the beneficiary in the deed. Each county sets its own recording requirements. If you use the legal description from your property tax statement, it may not be complete and it is possible that your quit claim or warranty deed will be rejected by the assessor. List your current primary residence in any spaces that request the grantor's address. Make sure and use the legal description on the deed. We are certified by the Arizona Supreme Court. However, it’s likely the lender will tell you to refinance your home, essentially making you take out a new mortgage. She earned a Bachelor of Science in Interdisciplinary Studies from the University of Central Florida. The most common exemptions are husband and wife (ARS 11-1134-B3), parent and child (ARS 11-1134-B3), pursuant to a court order (ARS 11-1134-A5), a gift (ARS 11-1134-A7), or person and trustee/trustee to beneficiary (ARS 11-1134-B8). Per Arizona statute Title 33-405, a beneficiary deed transfers ownership of property (most often real estate) upon a person’s death. You'll create a new deed with a group of owners, perhaps you, your spouse, and your child. Although an "Affidavit of Property Value" is required for most real estate transfers, you can qualify for an exemption if money isn't being exchanged. Sign your new deed in the presence of a notary. Title refers to your ownership of the property. Start a free trial now to save yourself time and money! We will need to get all of your information, including how to contact you. To hire me to prepare an Arizona Beneficiary Deed complete and submit my online Arizona Beneficy Deed Prep ar ation Agreement.. On April 11, 2001, the Governor of Arizona signed into law Arizona Revised Statutes Section 33-405, which created a new type of Arizona real property deed known as the Arizona beneficiary deed. It can be a 1/2 share, or more or less than 1/2. If a warranty deed is used, however, for $200 or so you can get an additional insured endorsement from your title company that will add your new … When one spouse dies, the other spouse is entitled to both halves of the property. A quit claim deed can be used to transfer ownership of an Arizona home, or to add / remove people from the title. Arizona real estate is transferred using a legal document called a deed. Only you need to sign the deed. To change, add or remove a name on your deed a new deed needs to be recorded reflecting the change. The notary will charge a small fee to witness your signature and notarize your deed, typically less than $10. Of … prepare a new deed needs to be recorded reflecting the.... 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