Call 501-251-1076 for Deeds in Arkansas!
Lawyer Prepared Arkansas Beneficiary Deeds
What avoid probate for your Arkansas real property? This could be a second home, vacant land, acreage, lot, or even mineral rights. When one dies with real property in one’s name in Arkansas, clearing title to the property may require a probate. With non-residents owning property in Arkansas, an ancillary probate may be required to clear title. Payors of oil and gas royalties are particularly strict about requiring ancillary probates of Arkansas mineral rights. The cost of a probate in Arkansas can be up to $3,000 or more! An Arkansas beneficiary deed from Arkansas Deeds is a fraction of that cost.
Probate is Expensive! Avoid Probate Court in Arkansas with an Arkansas Beneficiary Deed.
What Does it Cost to Have Arkansas Deeds Prepare an Arkansas Warranty Deed?
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 happens After I Die When There is an Arkansas Beneficiary Deed in Place?
To make the beneficiary deed effective, proof of death must be filed with the Recorder of Deeds in the County where the property lies. This proof of death may be a redacted, official copy of your death certificate or an affidavit provided by a loved one. This costs very little ( $15 for the first page and $5 for each additional page). Compared to a probate, it is nothing! The Arkansas Beneficiary Deed causes your property to pass from you to your loved ones without the need for probate.
Is a Beneficiary Deed Permanent in Arkansas?
No. An Arkansas Beneficiary Deed may be revoked at any time.
Can I Still Sell My Property, Receive Income, Sign Mortgages, and Receive my Oil and Gas Royalties if there is an Arkansas Beneficiary Deed in Place?
Yes. The Arkansas Beneficiary Deed is a future grant, not a present grant. You remain in control of the property and may sell the property, receive income, sign mortgages, sign oil and gas royalties, and receive Arkansas oil and gas royalties.
How hard is it to revoke an Arkansas Beneficiary Deed?
It requires more than average effort, but can be done relatively quickly. In order to revoke an Arkansas Beneficiary Deed, you must file a written, notarized revocation with the Recorder of Deeds in the County where the property lies before you pass away.
Can I leave certain percentages of property to certain people or to a trust using an Arkansas Beneficiary Deed?
Yes. The Arkansas Beneficiary Deed is very flexible. The deed may benefit children, grandchildren, friends, charities, and even a trust. Back up (contingent) beneficiaries are allowed. Beneficiaries may receive any percent of the property.
Call 501-251-1076 to Get Started!
Responsible attorney: J. Mark Robinette Jr. Primary office in Little Rock, Arkansas.