Establishing a trust strategically manages estate taxes and ensures assets align with an individual's wishes. Trusts offer benefits that can help reduce potential inheritance tax liabilities, making them an effective estate planning tool. Reducing taxable estate...
Probate settles a person's estate after their death. The rules surrounding jointly owned property can be complex, especially when survivorship rights are involved. Understanding how probate interacts with these situations clarifies what happens to property ownership...
Beneficiaries might suspect that a will does not reflect the true intentions of the deceased. This could happen if the document seems out of character for the person who created it. When a beneficiary believes someone forged the will, taking swift action becomes...
Trust disputes between beneficiaries and trustees can be challenging, especially when emotions are high. Arkansas law provides guidelines to help resolve these disagreements. Understanding the best approach can make the process smoother for everyone involved....
The executor of a will plays a crucial role in managing the estate and ensuring that the deceased’s wishes get carried out. However, unexpected situations can arise if the executor becomes incapacitated. When an executor faces conditions that prevent them from acting,...
Contesting a will is a complicated process, especially when allegations of undue influence factor in. When someone suspects that a person manipulated the deceased into changing their will, proving this claim requires navigating various legal challenges. Understanding...
Navigating the transfer of property after a loved one’s death can be challenging. The probate process is often necessary to distribute a deceased person's assets. However, some circumstances allow for the transfer of property without going through probate, simplifying...
Executors have a significant role in probate administration. Their job is to take actions that ensure the honoring of the deceased's wishes. However, conflicts of interest can arise, putting the executor in a challenging position. Recognizing and addressing these...
In Arkansas, deciding how your assets will be distributed after your passing is a significant part of planning for the future. While you might have already set up a will or trust, circumstances change, and so might your decisions about how much your beneficiaries...
Trustees play an essential role in managing trusts. They can ensure that they handle the deceased person's assets according to the terms set out in the trust document. Trustees have specific duties and responsibilities, including managing and distributing the trust...