Will Law in Arkansas
Will Law Will law is an ancient area of law, going back to biblical times. Wills and will law from the Greek period forward is common. It can be straightforward, or complicated depending on the circumstances. A Last Will and Testament is a legally binding document that says how a person (the testator) wants their […]
I Have Twins That Are Disabled, Can I Use One Trust?
As with all legal questions, it depends… First, do they both have the same level of disability? Will they both qualify as disabled under the Social Security Definition? If so, then you can setup one third-party Supplemental Needs Trust (Special Needs Trust) to serve both of them. If one of the twins should pass before […]
Attestation Clause
An attestation clause is a provision at the end of a Last Will and Testament that sets out the legal requirements of the Will and says those requirements have been met. By signing the attestation clause, a person is stating and confirming that everything within the clause is true. For example: This instrument, consisting of 7 […]
Abatement
Abatement is a word you usually hearing during the administration of an estate. The administration of an estate is the process of gathering the assets and distributing the assets under court supervision. If the assets in a probate estate are not sufficient to pay the debts, then the assets named to people in the Will […]
How Can I File a Claim Against An Estate?
Filing a claim against a probate estate is probably easier than you think. If somebody dies owing you money, you may make a claim, but if there are not enough assets, your may only get a part of what you are owed or even nothing. First, you will need proof of the claim against an […]
ABC’s of Estate Planning
A Will alone will not stop probate. Protecting Your Affairs, Protecting Your Money, and Peace of Mind Is as Easy As ABC… A – Avoid Court Intervention (Probate) or Approval (Guardianship) of Your Private Affairs B – Be in Control and Stay in Control of Your Affairs and Money C – Call Now Call (479)717-6300 […]
Estate Planning Trusts – Excellent Estate Planning Tool
Estate planning trusts can be an excellent estate planning and asset protection tool. But, what kind of estate planning trusts should you use? Hi, I’m Gary DeWitt, Estate Planning Attorney in Northwest Arkansas. Estate Planning Trusts Estate planning trusts come in four major divisions. These 4 divisions break down into two divisions. The first division is […]
Estate Planning Doesn’t Have to Be Scary or Complicated
The old saying is that you eat an elephant one bite at a time. By following a simple and easy set of steps, you will be done before you know it. Sometimes when you look at doing something big, it seems to be an impossible task. When you just focus on the final goal, it […]
3 Estate Planning Myths Video
Many people have misconceptions and estate planning myths. Here are 3 estate planning myths. Hi, I’m Gary DeWitt, Estate Planning Attorney in Northwest Arkansas. 3 Estate Planning Myths First, many people believe that estate planning is only for the wealthy and very wealthy. Wrong. Everybody can benefit from estate planning. Part of planning is […]
Case Study
Client’s Immediate Need – Client recently lost his wife and needed a plan that would protect and take care of his children in the future. His greatest concern was who would carry the responsibility of caring and raising his children should he unexpectedly pass away. This is a common concern for many parents, but especially […]