Ark. Code Ann. § 9-11-511: Filing of schedule by person selling or giving property - Effect of recording conveyance or will

(a) Any persons who shall bona fide sell or give any property to a married person may schedule and record the sale or gift as the separate property of the married person, with the same and like effect as though the scheduling and recording had been done by the married person.

(b) Any conveyance or will of property to a married person, on being duly recorded, shall have all the effect of a schedule under this section and §§ 9-11-501 , 9-11-509 , 9-11-510 , and 9-11-512 - 9-11-514 .