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July 2019 Archives

Trusts may be helpful in Arkansas estate planning

Estate planning is crucial for every adult to consider. Having these documents in place help Arkansas residents to ensure their loved ones will be taken care of when they're no longer here. Part of a complete estate plan may mean the inclusions of different trusts that could serve specific purposes.

Estate planning: Do assets have to be divided equally among kids?

When writing an estate plan, it's up to the testator to split assets how he or she sees fit. Arkansas residents may be wondering if they should be splitting assets equally among their children, but that is not a rule of estate planning. A plan can be tailored to fit individual needs, especially when one beneficiary is less well off than others, but communication is the key.

Why create an asset protection plan?

You’ve been working for a long time, and retirement is now on the horizon. You’ve accumulated many assets and you may be wondering what you can do to protect them. With an asset protection plan, you can prevent someone from taking your property if they win a lawsuit against you.

How Arkansas residents can keep the peace with estate planning

Most people want to make sure that they leave their loved ones with not only fond memories but perhaps something that may benefit them financially. When Arkansas residents sit down to think about estate planning, they may also be thinking about how they can keep everyone happy and keep peace in the family. Deciding on who gets what can be stressful, especially when adult children are involved. 

Making DIY changes to estate planning documents

There may be times when changes are needed to an estate plan. As life changes, Arkansas residents may be tempted to make estate planning changes on their own, but doing so may come with a number of problems down the road. It's true testators can make their own changes, but it is usually advisable to have an attorney at least have a look at those changes to make sure they adhere to state laws. 

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