When a loved one passes away, the legal process of distributing their assets may seem daunting. Not all assets go through the same channels, however. Understanding the distinction between assets subject to probate and those that bypass this process can simplify...
If you have decided to establish a trust for your family, you could place many kinds of property into the trust. However, it is possible you might overlook one or more of your assets and fail to assign them to your trust before your death. Fortunately, writing a...
Estate planning involves making important decisions, including who will inherit your assets after your death. Choosing the right beneficiaries for your estate is a crucial step in ensuring the fulfillment of your wishes and providing for your loved ones. Consider your...
In Arkansas, the probate process plays a crucial role in settling a deceased person's estate, including the payment of outstanding debts. Many people wonder how this process works and what it entails. It is important to understand the steps involved in paying debts...
A will is a legal document outlining the distribution of a person's assets and property after their death. In some cases, family members or other interested parties may have reasons to challenge the validity of a will. Here are some common reasons to consider...
One of the tasks that fall to survivors is to handle the property of their loved ones. In some cases, people make significant preparation before they die. In others, there might be more work to do. Regardless of the details, one of the tasks involved will probably be...
Estates go through formal processes before property passes on to heirs. The details of these administrative procedures depend on various factors. This article looks at the three general categories of estate administration in Arkansas. Please note that the processes...
Managing an estate may feel burdensome, especially if unprepared. Having a grasp on what does and does not go through probate, for example, may help create an estate plan. Probate intends to ensure that the administrator follows the wishes of the deceased. However,...
When someone dies in Arkansas, that individual’s estate may have to go through probate, which is the process of transferring and managing the assets that party owned during his or her lifetime. Not every estate must go through probate, and this holds true regardless...
If you have a will or living in trust in place, you may worry about probate's effect on these documents and whether you should try to do all you can to avoid the process. You may even think of probate as a lengthy, difficult process that prevents your beneficiaries...