Property OwnershipIntermediateArizona Exam

In Arizona, a 'beneficiary deed' (also called a transfer on death deed) allows a property owner to:

Q: In Arizona, a 'beneficiary deed' (also called a transfer on death deed) allows a property owner to:

Arizona's beneficiary deed law (A.R.S. § 33-405) allows property owners to designate a beneficiary who automatically receives the property upon the owner's death, bypassing probate while the owner retains full control during life.

ATransfer the property to a named charitable organization upon the owner's death, qualifying the estate for a charitable deduction under the federal estate tax

BName a beneficiary who receives the property automatically upon the owner's death without probateCorrect

CConvey a life estate to a family member while retaining the remainder interest in the property, which avoids probate for the life tenant's interest only

DTransfer the property into a revocable living trust during the owner's lifetime so that it passes to the trust beneficiaries upon the settlor's death

Why Name a beneficiary who receives the property automatically upon the owner's death without probate Is Correct

Answer B: Name a beneficiary who receives the property automatically upon the owner's death without probate

Arizona's beneficiary deed law (A.R.

Exam Tip: Property Ownership

Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.

Key Property Ownership Terms in This Question

Deed

A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).

Life Estate

A freehold interest in real property that lasts only for the duration of a specified person's life.

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Key Terms to Know

Deed

A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).

Life Estate

A freehold interest in real property that lasts only for the duration of a specified person's life.

Joint Tenancy

Co-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.

Deed of Trust

A security instrument used in many states instead of a mortgage, involving three parties: borrower (trustor), lender (beneficiary), and a neutral trustee.

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