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Quitclaim Deed by Two Individuals to Corporation - Arkansas

Quitclaim Deed by Two Individuals to Corporation - Arkansas 2025

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The document is a Quitclaim Deed that facilitates the transfer of property from two unmarried individuals (Grantors) to a corporation (Grantee) in exchange for ten dollars and other considerations. It includes legal descriptions of the property, specifies reservations of oil, gas, and minerals by the Grantors, and outlines the necessary signatures and notary acknowledgment for the transaction.

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Click ‘Get Form’ to open the Quitclaim Deed in the editor.
Begin by entering the names and addresses of the Grantors at the top of the form. Ensure that all details are accurate for legal purposes.
In the section labeled 'KNOW ALL MEN BY THESE PRESENTS THAT', input the names of both Grantors and the Grantee, which is the Corporation receiving the property.
Fill in the consideration amount, typically $10.00, and any additional valuable considerations being exchanged.
Provide a detailed legal description of the property being transferred. If necessary, attach Exhibit A with this information.
Both Grantors must sign and print their names at the designated signature lines, confirming their agreement to transfer ownership.
Complete the notary section by having a notary public witness and sign your document, ensuring it is legally binding.
Finally, review all entries for accuracy before saving or exporting your completed Quitclaim Deed for filing.

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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 is the most common use of a quit claim deed?

Quitclaim deeds are typically used to transfer property in non-sale situations, such as transfers of property between family members.

What is the most common circumstance in which someone will issue a quitclaim deed?

Quitclaim deeds can be used in a number of different situations, though they are most common when transferring property between family members or spouses. For example, after a divorce one spouse may sign a quitclaim deed to officially sign over ownership of the home.

What are the disadvantages of a quitclaim?

Using a quitclaim deed can introduce several risks in the estate planning process. Since a quitclaim deed doesnt guarantee clear ownership, you might unknowingly transfer property with liens or other claims against it.

How much does it cost to file a quit claim deed in Arkansas?

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.

Is a quitclaim deed legal in Arkansas?

The limited warranty deed only guarantees that no issues were created while the seller was in possession of the property. Quitclaim deeds are also available in Arkansas, but used only in specific situations. This includes title clearing to cure defects in the title prior to closing a transaction.

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.

Quitclaim Deed by Two Individuals to Corporation - Arkansas 2025

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Got questions?

What are the risks of a quitclaim?

What is the most common use of a quit claim deed?

What is the most common circumstance in which someone will issue a quitclaim deed?

What are the disadvantages of a quitclaim?

How much does it cost to file a quit claim deed in Arkansas?

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Is a quitclaim deed legal in Arkansas?

Who benefits the most from a quitclaim deed?

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Quitclaim Deed by Two Individuals to Corporation - Arkansas 2025

Here's how it works

How to use or fill out Quitclaim Deed by Two Individuals to Corporation - Arkansas with our platform

Complete this form in 5 minutes or less

Got questions?

What are the risks of a quitclaim?

What is the most common use of a quit claim deed?

What is the most common circumstance in which someone will issue a quitclaim deed?

What are the disadvantages of a quitclaim?

How much does it cost to file a quit claim deed in Arkansas?

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People also ask

Is a quitclaim deed legal in Arkansas?

Who benefits the most from a quitclaim deed?

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