Fill and Sign the Quitclaim Deed Trust to Two Individuals Arizona Form

© 2017 - U.S. Legal Forms, Inc.       ARIZONA QUITCLAIM DEED [Trust to Two Individuals] Control Number: AZ-049-77 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. 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 ,” “as community property with the right of survivorship ,” III. 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 IV. 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. THESE MATERIALS ARE PROVIDED “AS IS” WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND INCLUDING WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS FOR ANY PARTICULAR PURPOSE. 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This document prepared by (and after recording return to): Name:       Firm:       Address:             Phone:       QUITCLAIM DEED (Trust to Two Individuals) KNOW ALL MEN BY THESE PRESENTS THAT: FOR CONSIDERATION OF TEN DOLLARS ($10.00), and other good and valuable consideration,       , an individual whose address is       ,       , as Trustee under the provisions of a trust agreement dated       , 20       , and known as the       Trust hereinafter referred to as “Grantor”, does hereby transfer, remise, release, and forever quitclaim unto       , whose address is       , and       , whose address is       , husband and wife , hereinafter “Grantees”, as joint tenants with the right of survivorship , the following lands and property, together with all improvements located thereon, lying in the County of ______________________ , State 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: Book ______ , Page ______ , Document No. ______ , of the Recorder of ______________________ County, Arizona. IN WITNESS WHEREOF, the Grantor, acting in his capacity as Trustee of the             Trust, has executed the above instrument on this the       day of       , 20       . Name of Trust:       By: Signature Quitclaim Deed Page 1 of 2       Type or Print Name State of Arizona , County of       The foregoing instrument was acknowledged before me this       day of       , 20       , by       . Notary Public       Print or Type Name My Commission Expires:       Names and address of the Grantor: Name:       Company:       Address:       City/State/Zip:       Name and Address of the Grantees: Name:       Company:       Address:       City/State/Zip:       Name:       Company:       Address:       City/State/Zip:       Quitclaim Deed Page 2 of 2 EXHIBIT A Grantor Trust       Trustee       Grantees:             Legal Description:       Quitclaim Deed Exhibit A