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Click ‘Get Form’ to open the Quitclaim Deed in the editor.
Begin by entering the names of the Grantors (Husband and Wife) in the designated fields, ensuring accuracy for legal purposes.
Next, input the name of the Grantee (the individual receiving the property) in the appropriate field.
Fill in the legal description of the property being transferred. If you have a separate document for this, attach it as Exhibit A.
Complete any additional fields regarding consideration, such as stating 'Ten Dollars ($10.00)' as part of the transaction.
Both Grantors must sign and print their names where indicated. Ensure that all signatures are dated correctly.
Finally, arrange for a Notary Public to witness and notarize the document, completing any required notarial statements.

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What are the risks of a quitclaim?

However, this approach has certain risks, so its not always the best option. Using a quitclaim deed might create tax issues or result in a loss of control of the property after the transfer. Additionally, the property could still require probate if you dont handle the transfer correctly.

What do you need for a quit claim deed in Arkansas?

Since the deed offers no legal protection, there is little recourse if issues arise after the transfer. These risks make it essential to consult a qualified Quitclaim Deed Attorney before proceeding.

Do I need a lawyer to draft a quit claim deed?

Recording Fees A quitclaim deed must be submitted to the county recorders office in the county where the property is located. Per Ark. Code 21-6-306, the recording fees for a quitclaim deed are $15 for the first one-sided page and $5 for each additional page.

What do you need for a quitclaim deed in Arkansas?

What are the requirements for the Arkansas Quit Claim Deed? The signer requirements for an Arkansas quitclaim deed include the Grantor(s) signing in front of a notary public and 2 disinterested witnesses. This deed must be submitted to the Circuit Court along with the required filing fee for recording.

Who benefits the most from a quitclaim deed?

The quitclaim deed simply transfers any interest they may have to the other party. Because of the lack of title guarantees, quitclaim deeds are most often used to transfer property between two parties who know and trust each other, such as family members.

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