Establishing an estate plan is a wise and responsible choice. You know your property will be distributed according to your wishes after you pass away and that the estate administration process will be made easier for your loved ones. But what happens if unexpected...
Estate Planning And Probate
Don’t make these estate planning mistakes
Effective estate planning can protect your interests and your assets while ensuring that you’re loved ones will be supported as you see fit. It sounds simple enough, but there are enough complexities involved in the estate planning process that several mistakes can be...
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 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 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...
When siblings inherit the family farm, how will it be divided?
You and your siblings inherited the family farm. No one wants to sell it, but how do you divide it up so that each of you winds up owning your fair share of the land? Or what if one sibling wants to sell the farm, but the others do not? In either case, the land must...
Are you responsible for your parent’s debt when they die?
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...