Arizona Beneficiary Deed
Arizona permits a recorded beneficiary deed effective at the owner's death, but it is not a proven ALTCS eligibility or recovery shield.
Arizona authorizes a beneficiary deed
Arizona has a statutory transfer-on-death-style real-estate tool called a beneficiary deed. Under Arizona Revised Statutes section 33-405, an owner may convey an interest in real property to a grantee beneficiary if the deed expressly states that it is effective on the owner’s death (A.R.S. § 33-405). The statute permits multiple grantee beneficiaries and recognizes several forms of co-ownership, including joint tenancy with right of survivorship, tenancy in common, community property, and community property with right of survivorship (A.R.S. § 33-405).
The statute makes the transfer effective at death, not at signing. It also allows the owner to revoke the beneficiary deed before death by recording a revocation or a later beneficiary deed, subject to the statute’s rules (A.R.S. § 33-405). These attributes explain why the tool is often considered in probate planning, but they do not establish a Medicaid result.
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