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In Arkansas, real estate can be transferred via a TOD deed, otherwise known as a beneficiary deed. This deed allows a property owner to designate a beneficiary who will automatically inherit the property upon the owner's death, avoiding probate.
Spouse, partner, children, parents, brothers and sisters, business partner, key employee, trust and charitable organization.
Arkansas Beneficiary (Transfer-on-Death) Deed Code Ann. section 18-12-608.) You must sign the deed and get your signature notarized, and then record (file) the deed with the county recorder's office before your death. Otherwise, it won't be valid.
Most beneficiary designations will require you to provide a person's full legal name and their relationship to you (spouse, child, mother, etc.). Some beneficiary designations also include information like mailing address, email, phone number, date of birth and Social Security number.
What if I don't have the social security number for my beneficiary? Many insurance companies do not require a beneficiary's SSN on the application however, they will require the beneficiary's SSN, DOB, and address when it comes to paying a death benefit.