This form is a Warranty Deed where the grantor may be an executor of a will, trustee, guardian, or conservator.
Little Rock Arkansas Warranty Deed for Fiduciary is a legal document that transfers property ownership from a trust or estate to a beneficiary. This deed provides assurance to the recipient, known as the grantee, that the property is free from any undisclosed liens or claims, except those mentioned in the deed itself. It is an essential legal instrument used in estate planning and asset distribution. In Little Rock, Arkansas, there are two primary types of Warranty Deeds for Fiduciary commonly used: 1. Little Rock Arkansas General Warranty Deed for Fiduciary: This type of deed provides the broadest level of protection for the grantee. It guarantees that the property is free from any defects in title, whether they occurred before or during the fiduciary's control. The grantee can file a claim against the fiduciary if any undisclosed issues arise in the future. 2. Little Rock Arkansas Special Warranty Deed for Fiduciary: This deed offers a limited warranty to the grantee. It assures that the fiduciary only warrants any defects in title that occurred during their period of control. Any liens or claims existing before the fiduciary's control are not covered. This type of warranty deed is often used when the fiduciary has limited information about the property's history or when the fiduciary has a shorter period of control. Both types of Little Rock Arkansas Warranty Deed for Fiduciary require specific information to be included: — Accurate legal description of the property: This includes information such as the property's lot number, block number, subdivision name, and any additional details necessary to precisely identify the property. — Names and addresses of thgranteror (fiduciary) and the grantee: The granter is the trust or estate legally transferring the property, while the grantee is the individual or entity receiving ownership. — Statement of consideration: This specifies the value or price paid for the property. It may also mention if the transfer is a gift or for other non-monetary reasons. — Signatures: Both thgranteror and the grantee must sign the deed in the presence of a notary public to ensure its authenticity and legality. — Recording information: The deed should include a space for the county clerk to record the document in the appropriate public records. It is important to consult with a qualified attorney or a title company to ensure accurate completion and filing of a Little Rock Arkansas Warranty Deed for Fiduciary. Proper execution of this document ensures the smooth transfer of property ownership and protects the grantee's rights and interests.
