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When you create your estate plan, you probably want to keep control over your assets as much as possible. After all, poorly managed inheritances can quickly evaporate, and leaving your assets to one individual means that those assets could quickly pass out of your...
Many people keep assets and invest in properties so they will have something to leave their families in case anything happens to them. Whether it is a house or a business, individuals consider all their assets when estate planning. And in estate planning, one of the...
In 2022, the annual US inflation rate increased by 6.5%. This led to staggering price increases, such as fuel costs spiking by 42%. Inflation may be a fact of life, but it only highlights the importance of proper financial planning. A recent survey found that...
A will plays an essential role in your estate distribution and will make handling your properties easier for your surviving loved ones. However, states across the country have different considerations on what type of will is valid and what is not. So, you have to...
A loved one's death can leave behind unimaginable grief and distress. However, other problems can arise if a person dies without a will. When this happens, estate distribution depends on the intestate laws of where the deceased lived. Dividing assets this way can have...
When you marry the one you love, you build a beautiful life together. You buy a home together; you may even start a business together; you raise children together—everything owned and built together, until death do you part. Of course, you would like to make sure that...
Many people in Arkansas, and elsewhere, think drafting a will is all that's involved in getting one's affairs in order. However, a standard will is not a full estate plan. End-of-life planning requires other documents, including a living will. What is a living will?...
The sooner you start estate planning, the more prepared you are for whatever comes up. Life happens, and not always in the way we'd like. It pays to prepare your estate at any age. The following eight items can help you maintain control over your medical and financial...
Maybe you have a will, but all wills in Arkansas go through the probate process. You might have heard that probate can be complicated, time consuming and expensive. It could even reduce the size of your estate and thus what your loved ones will inherit. You want to...
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...