When someone cannot locate a will, it can lead to confusion and complications in settling the estate. A missing will can delay the probate process, but it does not automatically prevent the deceased’s wishes from being honored. Understanding the steps that follow can...
When it comes to shielding your wealth, you may wonder whether a trust can keep your assets beyond the reach of creditors. The answer largely depends on the type of trust you establish and how it’s structured. Arkansas law distinguishes between trusts in ways that...
Charitable giving is a meaningful way to leave a legacy and make a positive impact after you're gone. When it comes to estate planning, incorporating charitable donations into your will or trust can offer emotional satisfaction and financial benefits. However, it's...
If you need to contest a will in Arkansas, it’s crucial to understand the time limits involved. If you suspect that a will is invalid or that some form of wrongdoing occurred, you must act swiftly. Arkansas law sets strict deadlines for filing a will contest, and...
When someone passes away in Arkansas without a valid will, the estate is considered "intestate." In such cases, state laws dictate how the estate's assets get distributed among surviving relatives. This process involves several key steps to ensure proper...
Removing a trustee is a serious action that affects the future of a trust. In Arkansas, the law allows you to remove a trustee only under certain conditions. If you are considering this step, you should first understand when removal is possible and how the process...
When someone passes away, managing their estate requires careful planning and attention to detail. In Arkansas, as in many states, an estate administrator or an executor takes on the responsibility of overseeing the process. Although both roles seem similar, they have...
You may have come across the term “Lady Bird deed” while researching estate planning tools. This unique type of deed allows property owners to retain control over their real estate during their lifetime while still ensuring a smooth transfer upon death. While not...
When someone passes away in Arkansas, the probate process distributes their assets and addresses outstanding debts. However, Arkansas law sets a specific order of priority for these debt payments. The estate’s personal representative must follow this order to stay in...
During probate, a person’s assets are distributed to their beneficiaries. This is just one aspect of the process, but it is very important. In some cases, they will have left an estate plan that directly addresses specific assets, such as a family home or a financial...