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 With Signature Required
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Arkansas
Control #:
AR-04-84
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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 (Ark. 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.
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.
In most cases, an Arkansas Beneficiary Deed costs $300 to prepare, and $15 for the first page and $5 for each additional page in recording costs. For a typical warranty deed, the total cost is $320 (a $300 lawyer fee and $20 in recording fees). Your deed will be prepared and recorded by a licensed Arkansas attorney.
What Is the Difference Between TOD and Beneficiary? A transfer on death is an instrument that transfers ownership of specific accounts and assets to someone. A beneficiary is someone that is named to receive something of value.
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.