Lydia Wietsma, with Revelation Real Estate, and I talk about different ways to avoid probate in Arizona for real property.
Like any legal guidelines, there many different ways to own real estate. If you want to avoid probate, you have options. First if the owner(s) put the property into a trust, when the executor trustee(s) pass the successor trustee steps in to make decisions for the trust. Second, when you purchase your Arizona real estate, you can also have a beneficiary deed created and recorded. This means the owner of the property maintains ownership until they pass and the person(s) named on the beneficiary deed immediately move into title. Third, if the owners include, “with right of survivorship” is included on their deed.
Of course there are many cases of, “if this then that.” Which Lydia and I address in greater detail in the video.
Sarah Perkins is an award winning account executive and has been in title sales since 2004. As the Director of Industry Research & Senior Account Executive, Sarah’s role is to bring real estate transactions to Navi Title. Sarah supports her clients by helping them navigate the ever-changing real estate space through thorough research and understanding of current trends impacting today’s home buyers and sellers.