A will is one of the most important legal documents you will prepare in your lifetime. It ensures that, when you die, your assets are transferred to your loved ones and your kids are well taken care of according to your wishes. Some people prepare and plan this early,...
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Probate
How regularly updating your will can stop probate issues
Dealing with probate issues can be overwhelming for executors, heirs and beneficiaries and as the testator, you will not be able to do anything by then. However, you can still do something now to prevent those issues from happening in the future. Ensuring a smooth...
What assets are exempt from probate in Arkansas?
Probate is the process of administering a decedent’s estate and executing it according to their will or, if there is no will, the applicable state’s intestacy laws. But probate can be extensive and costly. Not to mention assets going through probate can be subject to...
Do retirement accounts go through probate in Arkansas?
Arkansas residents might have a lot of questions when it comes to dealing with estate planning, especially when it comes to the often forgotten assets. It’s easy to remember to put your home and bank accounts into your estate plan. But it might be harder to remember...
How to remove an executor
An executor in Arkansas is an integral part of the probate process. Without an executor, the estate would be left in limbo, and no one would be able to take care of the deceased's affairs. And therefore, they must be willing to do their job with beneficiary interests...
How do judges administer estates in probate court?
Probate courts administer estates after someone's death. Judges in Arkansas probate courts work in civil courts to make the final decisions regarding the payment of debts and distributions of assets. Uncontested wills limit judge responsibilities If a person dies...
Revocable trusts and TOD accounts: which works best?
The field of estate planning in Fayetteville, Arkansas can be enormously complicated. Many estates can be handled with a simple will. But in some instances, people want to avoid the probate process as much as possible by using specially designated financial accounts....