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Arkansas Affidavit As to Termination of Life Estate Created by Deed / Assignment

State:
Multi-State
Control #:
US-OG-005
Format:
Word; 
Rich Text
Instant download

Description

This affidavit provides for a death certificate of the deceased life tenant to be attached. It is evidence of the death of the life tenant and names the remaindermen. An Arkansas Affidavit As to Termination of Life Estate Created by Deed / Assignment is a legal document used to terminate a life estate that has been established through a deed or assignment. This affidavit serves as proof that the life estate has come to an end and clarifies the rights and ownership interests of the parties involved. In Arkansas, there are two main types of Affidavit As to Termination of Life Estate Created by Deed / Assignment: 1. Voluntary Termination: This type of affidavit is used when the life tenant voluntarily chooses to terminate the life estate. It is typically executed by the life tenant themselves, stating their intention to terminate the life estate and relinquish any rights or ownership interest in the property. 2. Involuntary Termination: This type of affidavit is used when the termination of the life estate is involuntary, usually due to the death of the life tenant or another circumstance specified in the deed or assignment. In cases of involuntary termination, the affidavit is typically executed by the person or entity entitled to the remainder interest in the property, affirming the termination of the life estate and asserting their rights as the new owner. Keywords: Arkansas, affidavit, termination, life estate, deed, assignment, voluntary, involuntary, rights, ownership, property, remainder interest.

An Arkansas Affidavit As to Termination of Life Estate Created by Deed / Assignment is a legal document used to terminate a life estate that has been established through a deed or assignment. This affidavit serves as proof that the life estate has come to an end and clarifies the rights and ownership interests of the parties involved. In Arkansas, there are two main types of Affidavit As to Termination of Life Estate Created by Deed / Assignment: 1. Voluntary Termination: This type of affidavit is used when the life tenant voluntarily chooses to terminate the life estate. It is typically executed by the life tenant themselves, stating their intention to terminate the life estate and relinquish any rights or ownership interest in the property. 2. Involuntary Termination: This type of affidavit is used when the termination of the life estate is involuntary, usually due to the death of the life tenant or another circumstance specified in the deed or assignment. In cases of involuntary termination, the affidavit is typically executed by the person or entity entitled to the remainder interest in the property, affirming the termination of the life estate and asserting their rights as the new owner. Keywords: Arkansas, affidavit, termination, life estate, deed, assignment, voluntary, involuntary, rights, ownership, property, remainder interest.

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Arkansas Affidavit As to Termination of Life Estate Created by Deed / Assignment