Many of us in Arkansas struggle with debt. But while we’re focused on fighting our own battles, you might find yourself wondering if you’re going to end up shouldering your parent’s debt once they pass away. This is a legitimate concern, as most of us don’t have the...
Year: 2022
5 tips for helping your parents get started on estate planning
If your parents have not created their estate plans yet, they are not alone. According to one survey, only about one in three Americans have some kind of estate plan in place. Those who do not tend to give excuses such as "It's too expensive" or "I don't like to think...
Plan now for the possibility of partnership disputes
You and your business partners have big dreams for the success of your shared enterprise in Little Rock, but have you thought about how your business would fare if you and your partners had a falling out? A partnership dispute can spell the end of the business and...
Is my adult child the best choice for executor of my estate?
When you are choosing the executor of your estate in your will, your first inclination may be to choose your adult child to fulfill this role. After all, they may be close to you and seem to be relatively responsible in their personal life. However, there may be times...
How can I clear up a cloud on the title to my property?
Selling or buying a home in Little Rock is not always a straightforward process. Sometimes the title search brings up a cloud on the title that must be resolved before the property can be sold. The way to resolve a cloud on a title is to file a quiet title action....
Key facts about naming a health care surrogate in Arkansas
There are few responsibilities greater than being named a person’s health care surrogate to make decisions for them if they are unable to make them on their own. In Arkansas, as part of an advance directive for health care, it is necessary to name a surrogate. This...
Can mediation resolve your contract dispute?
You built your business in Little Rock from the ground up and have seen a good deal of success along the way. However, there are always roadblocks that come up in the course of doing business, including contract disputes. As a small business owner, you likely do not...
What are the capabilities of a will?
Most likely, you are familiar with what a will is even if you don’t happen to have one yourself. Depending on your age and where you are in your life, you may not feel that a will is necessary for you to have yet. Well, if you have any assets (which pretty much...
You were named personal representative in a will. Now what?
In their wills, people name who they wish to be the personal representative of their estate. The role of the personal representative is to settle the estate after the person's death. Typically, the person chooses a relative or trusted friend who may or may not have...
What qualifications should one look for in an executor of a will?
It is not something people generally like to think about, but it is important that people prepare for their death like they prepare for other aspects of their life that will occur in the future. People will not be able to bring anything with them when they pass away...