I recently moved from another state do I need to change mywill and/or trust? Kendra, Elkins I have found that most out of state Wills and Trusts will work in Arkansas just fine. However, after the move is a great time to review your Will and Trust to make sure they are still as you […]
Everyone needs a plan in place to protect them from the possibility that them may end up incapacitated. Life is not guaranteed to be accident free. Tomorrow is not promised. You can end up in an accident any time without warning. You could suffer a major medical incident without warning. And you could be afflicted […]
Your named beneficiaries will likely have to go through probate to receive your real property after your death if it is only in your name and not held in trust. Although transferring property into trust can ensure your family does not have to wait for a judge to validate your will before distributing your assets, […]
What is a guardianship? It is the legal process of giving a person, the guardian, the legal authority to make all or some decisions for the ward. Requires process and a hearing. It is the State’s alternative plan to creating yourself a Durable Power of Attorney, only you don’t get the same freedom with a […]
Federal estate tax law includes a provision called portability. This provision only applies to married couples. It allows the surviving spouse to use any part of their deceased spouse’s unused estate and gift tax exemption. Including portability in an estate plan protects the surviving spouse from significant estate tax bills if the deceased spouse’s estate […]
Definitions WARNING A Last Will and Testament Alone Will Not Prevent Probate! Drawbacks Requirements in Arkansas Hand Written Wills Hand written wills are also called holographic wills. § 28-25-104 – Holographic wills generallyWhen the entire body of the will and the signature shall be written in the proper handwriting of the testator, the will may […]
When creating a trust with a Bentonville trust lawyer, it is important to understand the specific roles involved. The grantor is the person who establishes a trust. The designated beneficiary is the person who receives the assets held in trust when the grantor dies. Probate is unnecessary because trust property passes outside the last will […]
The blended family has a set of unique problems when it comes to their estate planning. How should the assets be divided up and who should get what? Who should be on the Durable Power of Attorney? What about healthcare proxies? The Situation Dad passed away last year and left the vast majority of his […]
Some seniors don’t expect to remarry after a divorce or the death of a spouse. However, life is full of surprises. You could meet someone at any age, even during your retirement years. Many older adults bring various assets and debts into a new relationship. They might also have children from a previous marriage, one […]
