Going into business with a partner can be an exciting new venture. When both of you share an idea for a business and the desire to work together to watch your business grow, your potential for growth and success may seem unlimited. A partnership is an attractive...
Year: 2023
How your estate plan can help with your long-term care
When most people consider planning their estates, they think about their will and events that will happen only after their deaths. Wills are indeed important, but estate planning tools can also help people meet important goals during their lifetimes. One area where...
Revoking and reviving a will must be done according to the law
In Arkansas, it is important for people of all ages to have at least a basic estate plan. That is generally done by writing a will. However, as life changes, people may need to update their will or revoke it entirely. There are even times when a revoked will needs to...
Four reasons why young adults in Arkansas need an estate plan
We’ve spent some time on this blog discussing the importance of getting your parents and elderly ones on track with the creation of their estate plan. While this is an important step to help them accomplish, you can’t overlook the importance of your own planning, even...
What are my rights if the government interferes with my property?
As an Alabama property owner, you might know that the government can sometimes take all or part of your property if it must use it for some other legitimate purpose. This is called a taking or a condemnation and the government must pay you compensation for it. The...
What type of power of attorney is best for you?
Deciding to set up an estate plan is a wise and responsible decision. Most people associate an estate plan with a will, but there are other types of documents that could be helpful as part of an overall estate plan. One of these documents is a power of attorney. You...
What damages can you recover in a breach of contract case?
Solid contracts are the best way to ensure that your business needs are met in a safe and secure fashion. Yet, regardless of how sound your business contracts may seem, there may come a time when the terms of an agreement are violated. Such a breach of contract can...
Easements: Who can use them, and can they be conveyed?
Can your neighbor use the private road on your property to reach the main road? Or can the electric company enter your backyard when you are not home to perform maintenance and repairs on equipment? In many situations like these, your neighbor or a utility company can...
What can a special needs trust cover?
If you have a loved one with extensive medical needs, you might worry about how they’re going to get by when you’re no longer around. Fortunately, there are steps that you can take to ensure that there’s a plan in place for them. One of your best options is to use a...
What non-financial items need to be addressed in your estate plan?
When people think about estate planning, they often conjure images of wills and trusts, all aimed at specifying how assets will be distributed. While this is certainly a major component of the estate planning process, it isn’t everything. So, if you devote all of your...