An Arkansas beneficiary deed is a document that allows a property owner to choose the individual to whom they will transfer their property upon their death. Known as a “transfer on death deed” in many states, this document enables the property to transfer outside of probate proceedings, which are generally fairly costly and lengthy. This deed must be recorded before the owner’s death for it to be valid. It may be revoked at any time and has no bearing on the owner’s other property rights, such as the right to sell or lease it as they see fit.
- Statutes: § 18-12-608, Chapter 12 – Conveyances
- Formatting: § 14-15-402(b)(1), § 18-12-608(a)(1)(g)
- Signing Requirements (§ 18-12-104 & § 18-12-201): Notary Public and Two (2) Disinterested Witnesses
- Where to record (§ 14-15-404(a)(1)): Circuit Court
- Recording fees (§ 21-6-306(a)): $15 for the first page, $5 for each additional page
Related Forms (1)