Fill and Sign the Two Individuals to an Individual Form

© 2017 - U.S. Legal Forms, Inc. ARKANSAS QUITCLAIM DEED [Two Individuals to an Individual, a Husband and a Wife] Control Number: AR-032-77 I. TIPS ON COMPLETING THE FORMSThe form(s) in this packet may contain “form fields” created using Microsoft Word or Adobe Acrobat (“.pdf” format). “Form fields” facilitate completion of the forms using your computer. They do not limit your ability to print the form “in blank” and complete with a typewriter or by hand.It is also helpful to be able to see the location of the form fields. Go to the View menu, click on Toolbars, and then select Forms. This will open the Forms toolbar. Look for the button on the Forms toolbar that resembles a shaded letter “a”. Click this button and the form fields will be visible. By clicking on the appropriate form field, you will be able to enter the needed information. In some instances, the form field and the line will disappear after information is entered. In other cases, it will not. The form was created to function in this manner.II. DESIGNATING HOW THE GRANTEES WILL HOLD THE PROPERTY:A.In the State of Arkansas, real property can be held by more than one person (concurrent estates) in the following ways:1. If the Grantees ARE NOT married to each other, they can hold the property as:a. Tenants in Common: a type of concurrent estate in which each party owns an undivided interest in the property that will pass to their heirs when the tenant in common dies. Generally their shares are “equal” but may differ in size. b. Joint Tenants with the Right of Survivorship (JTWROS): is a type of concurrent estate in which co-owners have a right of survivorship, meaning that if one owner dies, that owner's interest in the property will pass to the surviving owner or owners by operation of law, and avoiding probate.2. If the Grantees ARE married to each other, they can hold the property as:a. Tenants in Common – See aboveb. Joint Tenants with the Right of Survivorship – See abovec. Tenants by the Entirety - a type of concurrent estate formerly available only to married couples, where ownership of property is treated as though the couple were a single legal person. Like a JTWROS, the tenancy by the entirety also encompasses a right of survivorship, so if one spouse dies, the entire interest in the property passes to the surviving spouse, without going through probate.3. In the attached deed, the preparer will need to indicate how the Grantees will hold the property: as Tenants in Common; Joint Tenants with Right of Survivorship; or, Tenants by the Entirety.B. For additional information on the above see the definitions at:http://lawdigest.uslegal.com/C.For example: “. . . as Tenants by the Entireties , . . .” OR“. . . as Tenants in Common , . . .” OR“. . . as Joint Tenants with the Right of Survivorship and not as Tenants in Common .” III. 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Quitclaim DeedPage 1 of 3Prepared by: After Recording, Return to: (Full Name of Party) (Company, if applicable) (Street Address) (City, State and Zip Code) QUITCLAIM DEED [Two Individuals to Individual, Husband and Wife] KNOW ALL MEN BY THESE PRESENTS THAT:FOR VALUABLE CONSIDERATION OF TEN DOLLARS ($10.00), and other good and valuable consideration, cash in hand paid, the receipt and sufficiency of which is hereby acknowledged, GRANTORS: , a married individual, and , a married individual, do hereby grant, convey, and quitclaim unto GRANTEES: and , husband and wifewhose address is and , whose address is , a married individual, as joint tenants with the right of survivorship the following lands and property, together with all improvements located thereon, lying in the County of , State of Arkansas, to-wit: See Legal Description Attached as Exhibit A incorporated by reference as though set forth in full Legal Description: TO HAVE AND TO HOLD the same unto the said Grantees, and unto their heirs and assigns forever, with all appurtenances thereunto belonging. Quitclaim DeedPage 2 of 3AND I, , GRANTOR, and I, ,spouse of Grantor, for in in consideration of the sum of money, do hereby release and relinquish unto the said Grantees all of our rights of curtsey, dower, and homestead in and to the said lands.AND I, , GRANTOR, and I, ,spouse of Grantor, for in in consideration of the sum of money, do hereby release and relinquish unto the said Grantees all of our rights of curtsey, dower, and homestead in and to the said lands.IN WITNESS WHEREOF, we have executed this Deed on the day and year noted below.Dated: Grantor’s Signature Signature of Grantor’s Spouse Type or Print Name Type or Print NameState of A rk an sa s, County of The foregoing instrument was acknowledged before me on , 20 , by . NOTARY PUBLIC My Commission Expires: Type or Print Name Dated: Grantor’s Signature Signature of Grantor’s Spouse Type or Print Name Type or Print NameState of A rk an sa s, County of The foregoing instrument was acknowledged before me on , 20 , by . NOTARY PUBLIC My Commission Expires: Type or Print Name Quitclaim DeedPage 3 of 3 I certify under penalty of false swearing that the legally correct amount of documentary stamps have been placed on this instrument. GrantorGrantor Type or Print Name Type or Print Name Street AddressStreet Address City, State and Zip CodeCity, State and Zip Code Quitclaim Deed Exhibit A EXHIBIT A Grantor(s): Grantee(s): Legal Description: