You may have heard the phrase once or twice before: There are only two certainties in life, and those are death and taxes. Unfortunately, in many states, the two go hand-in-hand — when an individual dies, the estate becomes subject to certain taxes at the state or...
Probate
How does undue influence impact estate planning documents?
When planning your estate in Arkansas, you may have eager family members who want to help you. Particularly among those who may stand to benefit from your estate, you may observe an increased willingness to help and participate in planning. Involving your family in...
What do you know about avoiding probate?
While researching estate planning, you learn about probate and how it can drag out the time to finalize your estate. Could you skip the process? NerdWallet explains how to avoid probate and distribute your property quickly. Learn how to ensure your beneficiaries...
How the probate process works
If someone dies, the estate may have to go through probate. The person who is mainly in charge of this process is the executor or personal representative. If the will names this person, it is the executor, while if the court appoints the individual, it is a personal...
What complications may arise during probate?
The probate process helps to validate your will and ensure the distribution of your estate follows your wishes. The court oversees the process, but your chosen executor will manage the estate. Policygenius explains there a range of issues that could come up during the...
When guardianship of an adult makes sense
Most people think of children when they hear the term "guardianship." While most cases of guardianship certainly do involve minors, a fair share of cases involve adults who are either disabled or incompetent in some way. Many adult children may set up guardianship of...
When is a person legally incapacitated in Arkansas?
In Arkansas and other states, many estate planning decisions rest on the idea of incapacitation. Whether you are planning your living will, a power of attorney, guardianship or other agreement, you will need to consider the possibility of incapacitation. As Arkansas...
Should I put my adult child on my deed?
There are many reasons to try and avoid probate. Probate can be extremely time-consuming, and it can also be expensive. The public nature of probate is also off-putting to many individuals. In order to get around property going through probate, many people consider...