When your Arkansas marriage reaches its end, you and your former partner must figure out how to divide up any assets and debts you currently share so that you may transition into living life on your own. For many former couples, the home they share is among their most...
The Wright Law Firm For You
Year: 2023
A Few Reasons The 4% Rule Might Not Work
For decades, individuals and families have relied on the 4% rule of spending in retirement. This popular guideline recommends spending no more than 4% of your savings each year, with annual increases to account for inflation. A few factors indicate this rule might not...
Will Keeping My Marital Home Make Me House-poor?
Divorce involves planning for a future without a spouse. For instance, if you want to stay in your marital house, you should determine how you will pay for it without the income of your ex. However, even if you can afford the home, you might end up in bad financial...
What Can Lengthen A Period Of Probate?
You probably want your children to receive their inheritance as soon as possible. This is why you should know about events and occurrences that could make probate take longer than necessary. As FindLaw explains, there are many factors that may slow down probate...
What Not To Do In A Divorce
You may feel inclined to autopilot through the whirlwind of divorce, but a little mindfulness and proactivity may make the process smoother. Here are five things not to do in a divorce. 1. Post Details Online A divorce is an emotionally charged ordeal, with plenty of...
What Should You Know About Alimony?
Getting through a divorce is difficult for many reasons, and plenty of people have concerns about maintaining their current lifestyle if they let go of the main breadwinner. This is where alimony, also called spousal support, comes in. But what exactly is it, and how...
How Property Division Works In Arkansas
Different states have different rules when it comes to property division in a divorce. In Arkansas’ case, the state considers any property acquired by either party during the course of the marriage to be marital property, with very few exceptions. Anything acquired by...
Why An Estate Plan Is Still Necessary If You Have No Children
Some people in Arkansas never create estate plans, and many cite similar reasons for not doing so. Some say they did not create an estate plan because they felt as if they did not have enough assets to warrant doing so. Others claim they never did so because they did...
How To Establish Paternity In Arkansas
When you have a child with someone in Arkansas outside of marriage, you need to take certain legal steps if you wish to collect child support or gain visitation or custody rights, depending on your situation. While establishing paternity enables you to collect child...
Locating Hidden Assets In Your Divorce
Part of the paperwork required for your divorce includes financial details that contribute to child support, alimony and asset division determinations. A key part of the financial evaluation is the Affidavit of Financial Means, which details your income, assets and...