Fill and Sign the Quitclaim Deed from Limited Liability Company to Two Individuals Husband and Wife Arizona Form

© 2016 - U.S. Legal Forms, Inc.       ARIZONA QUITCLAIM DEED [Limited Liability Company to Two Individuals / Husband and Wife] Control Number: AZ-064-77 I. TIPS ON COMPLETING THE FORMS The form(s) in this packet may contain “form fields” created using Microsoft Word or Adobe Acrobat (“.pdf” format). “Form fields” facilitate completion of the forms using your computer. They do not limit your ability to print the form “in blank” and complete with a typewriter or by hand. It is also helpful to be able to see the location of the form fields. Go to the View menu, click on Toolbars, and then select Forms. This will open the Forms toolbar. Look for the button on the Forms toolbar that resembles a shaded letter “a”. Click this button and the form fields will be visible. By clicking on the appropriate form field, you will be able to enter the needed information. In some instances, the form field and the line will disappear after information is entered. In other cases, it will not. The form was created to function in this manner. II. FORMS TO BE FILED WITH THIS INSTRUMENT: There must be appended to the deed an affidavit stating the value of the property and other information. Forms for this affidavit may be obtained from the Arizona Department of Revenue. See form No. 82162 entitled “Affidavit of Property Value” at: http://www.azdor.gov/Forms/Property.aspx III. DESIGNATING HOW THE GRANTEES WILL HOLD THE PROPERTY: A. In the State of Arizona real property can be held by more than one person (concurrent estates) in the following ways: 1. If the Grantees ARE NOT married to each other, they can hold the property as: a. Tenants in Common: a type of concurrent estate in which each party owns an undivided interest in the property that will pass to their heirs when the tenant in common dies. Generally their shares are “equal” but may differ in size. b. Joint Tenants with the Right of Survivorship ( JTWROS) : is a type of concurrent estate in which co-owners have a right of survivorship , meaning that if one owner dies, that owner's interest in the property will pass to the surviving owner or owners by operation of law, and avoiding probate. 2. If the Grantees ARE married to each other, they can hold the property as: a. Tenants in Common – See above b. Joint Tenants with the Right of Survivorship – See above c. Community Property - a form of joint ownership of property between married individuals. When a married co-owner dies their share goes to their heirs as provided in their will or the laws of intestacy. d. Community Property with the right of survivorship - a form of joint ownership of property between married individuals. When a married co- owner dies their share goes to the surviving spouse. 3. In the attached deed, the preparer will need to indicate how the Grantees will hold the property: as Tenants in Common; Joint Tenants with Right of Survivorship; community property or community property with the right of survivorship. B. For additional information on the above see the definitions at: http://lawdigest.uslegal.com/ C. For example: “as Tenants in Common ,” VI. DISCLAIMER These materials were developed by U.S. Legal Forms, Inc. based upon statutes and forms for the State of Arizona. All information and Forms are subject to this Disclaimer: All forms in this package are provided without any warranty, express or implied, as to their legal effect and completeness. Please use at your own risk. If you have a serious legal problem, we suggest that you consult an attorney in your state. U.S. Legal Forms, Inc. does not provide legal advice. The products offered by U.S. Legal Forms (USLF) are not a substitute for the advice of an attorney. 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This document prepared by (and after recording return to): Name:       Firm:       Address:             Phone:       QUITCLAIM DEED (Limited Liability Company to Two Individuals / Husband and Wife) THIS INDENTURE , made this day between: GRANTOR:       a limited liability company organized under the laws of the State of Arizona , duly authorized to transact business in the State of Arizona whose street address is       , in the City of       , State of       , AND GRANTEES:       , whose address is       ; and       , whose address is       , Husband and Wife . Quitclaim Deed Page 1 of 2 WITNESSETH , that Grantor, for and in consideration of the sum of TEN AND NO/100 DOLLARS ($10.00), and other good and valuable consideration to Grantor in hand paid by Grantees, the receipt whereof is hereby acknowledged, does hereby transfer, remise, release and forever quitclaim to Grantees, as joint tenants with the right of survivorship , and Grantee’s heirs and assigns forever, the following described land, situate, lying and being in the County of       , Arizona, to-wit: See Legal Description Attached as Exhibit A incorporated by reference as though set forth in full Legal Description:       Prior Instrument Reference: Instrument No.:       / Book       , Page       , in the Public Records of the Recorder for       County. IN WITNESS WHEREOF , the Grantor has caused its name to be hereunto subscribed by its managing member this the       day of       , 20       .       a Limited Liability Company By Signature       Type or Print Name       Position or Title State of Arizona County of       The foregoing instrument was acknowledged before me this       day of       , 20       , by       (signing party), the       (title) of       (name of L.L.C.), a       Quitclaim Deed Page 2 of 2 (state of formation) limited liability company, on behalf of said limited liability company. Notary Public       Print or Type Name My Commission Expires:       Quitclaim Deed Page 3 of 2 EXHIBIT A Grantor:       Grantees:             Street Address of Property:       Legal Description:       Quitclaim Deed Exhibit A