This form is a Transfer on Death Deed, or Beneficiary Deed, where the grantor is an individual and the grantees are four individuals. If one or more grantees fail to survive the grantor their interest goes to their estate or the surviving grantees. This transfer is revocable by Grantor until death and effective only if filed prior to grantor's death. This deed complies with all state statutory laws.
Arkansas Transfer Deed With Spouse
Category:
State:
Arkansas
Control #:
AR-022-77
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Word;
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How to fill out Arkansas Transfer On Death Deed Or TOD - Beneficiary Deed For One Individual To Four Individuals?
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FAQ
Signing ? A quitclaim deed has the requirement of the Grantor(s) signing in front of a notary public and 2 disinterested witnesses. Taxes ? ing to the Dept. of Finance and Administration the tax rate on any real estate transfer is $3.30 per $1,000.
A spouse consents to the transfer by signing the deed or recording another deed releasing his or her homestead rights. A deed transferring an Arkansas homestead owned by a married person must therefore have both spouses' signatures, even if only one spouse owns the property.
When transferring property, a seller (often called the grantor), writes out a deed, transferring property to the buyer (often called the grantee). The deed is then recorded with the recorder in the county in which the property is located.
Yes, you can put your spouse on the title without putting them on the mortgage. This would mean that they share ownership of the home but aren't legally responsible for making mortgage payments.
You must sign the deed and get your signature notarized, and then record (file) the deed before your death with the county clerk, circuit clerk, or recorder's office (the name varies by county) in the county where the real estate is located. Otherwise, it won't be valid.