This form is a Transfer on Death Deed, or Beneficiary Deed, where the Grantor are two individuals or hsuband and wife and the Grantees are two individuals or husband and wife. If one Grantee Beneficiary fails to survive the Grantors their interest goes to their estate or the surviving Grantee Beneficiary. If neither Grantee Beneficiary survive the Grantors, the transfer fails and the deed is null and void. This transfer is revocable by Grantors until death and effective only if filed prior to the surving Grantor's death. This deed complies with all state statutory laws.
Arkansas Transfer On Death Form For Property
Category:
State:
Arkansas
Control #:
AR-04-84
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Word;
PDF;
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How to fill out Arkansas Beneficiary Or Transfer On Death Deed Or TOD - Husband And Wife Or Two Individuals To Husband And Wife Or Two Individuals?
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FAQ
Arkansas Beneficiary (Transfer-on-Death) Deed At your death, the real estate goes automatically to the person you named to inherit it -- the "grantee beneficiary" -- without the need for probate court proceedings. (Ark. Code Ann. section 18-12-608.)
Arkansas charges a real property transfer tax for real estate transfers involving more than $100.00 in payment. The total transfer tax rate is $3.30 per $1,000.00 of consideration?two-thirds of which is expressly the new owner's responsibility.
Arkansas allows you to leave real estate with transfer-on-death deeds. These deeds are also called beneficiary deeds. You sign and record the deed now, but it doesn't take effect until your death.
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.