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May 2018 Archives

Estate planning for blended families in Arkansas

Long gone are the days when most married couples stayed married, and 'til death do us part' doesn't seem to be the case in many instances. Divorce and remarriage is relatively common these days, and the individuals may become stepparents and hence -- the birth of the blended family. Arkansas residents who are considering estate planning and who are in a blended family may do well to consider a few important issues as they make the foray into getting their affairs in order.

How to settle revocable living trusts in Arkansas

There are a few things about revocable trusts that a trustor should know prior initiating the trust process. Not everything in a revocable living trust is cut and dried. The more comprehensive trusts are, the better for beneficiaries in Arkansas. For instance, all the assets of the trustor should be included in the trust since anything left out could mean probate may be required. That means everything of value -- even property on which the trust maker was listed as a tenant in common.

Arkansas estate planning: Avoidable probate problems

For those individuals who take the time to plan their estates, knowing beforehand what mistakes to avoid when doing so can save all concerned a lot of headaches. Knowing the ins and outs of estate planning can be of great benefit to Arkansas residents. The probate process is one area that would serve residents well to understand before writing their directives. Trying to avoid it, in other words, might be a very wise move.

6 estate planning errors to sidestep in Arkansas

People who are in the throes of planning their estates may find it easier if they know what pitfalls to avoid and what to make sure to do during the planning process. Estate planning for Arkansas residents doesn't have to be teeming with stressors. The first order of business is to remember to name a fiduciary -- also known as a trustee or an executor -- even when assets are in a trust that's revocable. Not doing so could cause major problems.

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