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April 2019 Archives

Are trusts just as useful as wills?

Wills are perhaps the most well-known estate planning tools in Arkansas. However, they are far from the only option available to those who are ready to plan for the future. Trusts can also be a great option for many people, and in some cases may even be a better choice than using a will.

Revocable trusts can address many concerns about probate

Probate can be a hassle for your family members. It can be expensive and time consuming, leaving your property essentially in limbo until it can be distributed to your loved ones. If you own property in more than one state, your estate may even need to go through probate in multiple states. Then, when it is all over, anyone from the general public can see how much your estate was worth and how you had it distributed.

Stumbling blocks to estate planning in Arkansas

There is an old adage that says there are two constants in life -- death and taxes. No Arkansas resident really wants to focus on either, especially the end of life, but it's important to give pause to think of family members left behind who would appreciate the time taken by their loved ones who cared enough to do some estate planning. It might not be something people enjoy doing, but it's an integral part of caring for who will be grieving the loved one.

Estate planning can reflect modern Arkansas couples

Being in the 21st century calls for some twists on things that could impact family life. Modern Arkansas families need to have modern estate plans and that means estate planning shouldn't be put on the back burner and plans should be updated as life evolves. If children are part of a couple's life, it's all the more important to take the steps necessary to have them cared for in the event something unforeseen should happen.

Arkansas singles need to think about estate planning, too

Not everyone gets married. But everyone needs to do some estate planning, and that includes single individuals in Arkansas. Singles may have amassed healthy bank accounts or more assets than their married counterparts. No matter what the situation, everyone should have an estate plan in place, which includes a number of important documents.

Lee Radziwill's estate planning complete and elegant

Experts are saying that Lee Radziwill's estate plan was as elegant and well-put-together as she was herself. The sister of late former First Lady Jacqueline Kennedy Onassis passed away earlier this year. Arkansas residents can learn something from her estate planning etiquette, which was both complex and thorough, as her will was recently probated. She understood that wealth could pass seamlessly with the right planning documents in place.

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