Tenancy in common by default, survivorship needs express words
Under Ark. Code § 18-12-603, a deed to two or more people is presumed to create a tenancy in common, unless it clearly declares a joint tenancy with survivorship or a tenancy by the entirety for spouses. Arkansas once went even further historically, statutorily abolishing survivorship as an automatic incident of joint tenancy altogether. See our full breakdown of Arkansas joint tenancy rules.
A bespoke beneficiary deed, not the Uniform Act
Arkansas's transfer-on-death tool, called a beneficiary deed, comes from its own statute rather than the Uniform Real Property Transfer on Death Act. See our full guide to the Arkansas beneficiary deed, including a revocation rule that turns on which deed was signed last rather than which was recorded last.
Bank accounts default toward survivorship — at some institutions
Unlike Arkansas real estate, a bank account defaults to survivorship unless the depositor writes otherwise — but only at the specific types of institutions the statute names. See our guide to Arkansas beneficiary and P.O.D. accounts, including a real case where an identical designation got two different legal outcomes depending on where the money sat.
Where this feeds into other Arkansas calculators
The probate-estate total from this tool is the starting point for Arkansas's probate cost and executor fee calculators, and for checking Arkansas's small estate procedures. Arkansas has no state estate or inheritance tax, so this total doesn't feed into a separate state tax calculation.