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 Stocks
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State:
Arkansas
Control #:
AR-04-84
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Word;
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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
(Ark. Code Ann. § 18-12-608.) 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.
Upon the death of one person, the stocks are immediately transferred to the surviving owner. There is also something called automatic stock transfer where you fill a transfer-on-death designation that allows you to give your stocks to a beneficiary.
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.
Transfer on Death (TOD) Registration This typically involves sending a copy of the death certificate and an application for re-registration to the transfer agent. State law, rather than federal law, governs the way securities may be registered in the names of their owners.
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.