In Arkansas, it is not uncommon for people to be unhappy with what they received in a will after a loved one has died. They might have thought they were going to receive a specific property, get a sum of money, be granted a piece of a business or be left sentimental...
As you start creating your estate plan, you might find yourself worried about how long your assets will last in the hands of your beneficiaries. It’s a legitimate concern given that some people are just bad with money. But you don’t have to disinherit a loved one just...
As our loved ones age, their cognitive abilities and memory can fade. Seeing this decline can be heartbreaking, but it can also have financial implications for loved ones tasked with helping care for their aging loved one and those who are set to inherit from their...
In Arkansas, when a person creates an estate planning document, they are doing so with the intention that their desires be carried out. For example, they might say in their will that they want their spouse to receive a certain amount of property and the rest to go to...
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...
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...
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...
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...
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...
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...