AZ SB1218

Amends Arizona law to clarify that property conveyed by a beneficiary deed is the separate property of the named grantee beneficiary unless the deed provides otherwise.

Modifies default rules for successor grantee beneficiaries so that if no surviving grantee beneficiaries are named in the deed, the deed becomes void and section 14-2603 does not apply.

Maintains existing requirements that beneficiary deeds must be executed and recorded before the owner's death to be valid.

Preserves rights of surviving joint tenants and surviving spouses in community property with right of survivorship over grantee beneficiaries named in a beneficiary deed.

Allows property owners to designate multiple grantees as joint tenants, tenants in common, or community property owners, with the option to designate successor beneficiaries.