Disinheriting your child is an emotional and financial decision that needs a careful and deliberate approach. It comes with significant ramifications, often prompting a will contest. An Arkansas court may also overrule your wishes. Below are some of the things you...
Experienced, Local Attorneys Serving Individuals, Businesses And Families With Distinction
Estate Planning
4 common mistakes to avoid when drafting a will
When drafting a will, there are several common mistakes that you should be aware of to ensure you properly document your wishes and that your will is legally binding. Here are some pitfalls to avoid: 1. Being too vague or overly specific When writing your wishes and...
Tax considerations when estate planning in Arkansas
One of the functions of estate planning is maximizing savings on estate and inheritance taxes. However, it can be challenging to reach this goal because relevant tax requirements can vary from state to state. Fortunately, Arkansas has less restrictive estate-related...
Why you may need to update your estate plan soon
Do you remember the last time you made your estate plan? It was likely a process you would never see yourself doing again. However, estate planning is a lifelong process that many people revisit several times over their lives. Updating an estate plan is important for...
Who should you work with when drafting your estate plan?
Your estate plan will include documents that state your wishes regarding the distribution of assets to beneficiaries, medical care instructions, guardianship for your minor child and so on. Drafting these documents can be complicated. But it can be more manageable to...
On what grounds can a will be contested?
A will is a legal document that outlines the intentions of the testator in terms of how their assets should be distributed upon their death. Factors such as guardians for minor children can also be addressed in a will. In short, it’s a very important document. In...
What is a financial power of attorney?
A power of attorney for finances allows individuals to designate a trusted person to manage their financial affairs. This arrangement is critical when one might become incapacitated and unable to make decisions independently. These designations work closely with...
Do bequests in a will have to be equal?
Parents who are making an estate plan sometimes assume that they need to leave equal assets to their children or other beneficiaries of their choosing. But this is especially an issue with direct heirs because those adult children may also expect that the estate is...
Who can exert undue influence on an estate?
An Arkansas estate plan could include multiple documents or just a will. The testator might do all of their planning in their last years of life or consistently revisit documents that they drafted years ago. People should be able to trust that the terms of an estate...
Is a revocable trust your only option?
A trust is a legal document that allows a grantor to give assets to a trustee who has a fiduciary duty to distribute the assets as instructed. While this sounds a lot like how a will works, trusts can avoid probate, estate taxes and disputes. The most common kind of...