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.
Beneficiary Deed Form Arkansas For Sale
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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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.
Upon the owner's death, the property passes to the beneficiaries outside the Arkansas probate process. Beneficiary deeds?known in other states as transfer-on-death deeds or TOD deeds?are defined and allowed by law and have been recognized in Arkansas since 2005.
To get title to the property after your death, the beneficiary must take a few administrative steps. The beneficiary can call the county clerk, circuit clerk, or recorder's office for details, but the process will likely require recording a certified copy of the death certificate. No probate is necessary.
A beneficiary deed is a type of deed that transfers property to a beneficiary. Most deeds transfer property in the present. In contrast, a beneficiary deed can be used to make arrangements today to pass down property in the future.
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.