Selecting a guardian for your child in the event of your demise is a significant responsibility. Taking thoughtful and deliberate steps ensures the well-being and secure future of your child. Consider these key points in making this important choice. Values and...
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Estate Planning
Estate planning documents to revisit when you divorce
An Arkansas divorce often prompts the need to revisit various aspects of your financial and legal affairs. An important consideration during this period is the reassessment of estate planning documents. As relationships change, it remains important to ensure that your...
What is required for a valid will?
The Caring.com 2023 survey revealed that two out of every three people in the U.S. do not have an estate plan. One of the foundations of a good plan is a will. Creating a valid will in Arkansas involves adhering to specific legal requirements to ensure proper...
Do you need a healthcare proxy?
Estate planning is not only for older individuals or those who have children. Every adult can benefit from having one in place. Unfortunately, CNBC reported that 67% of people in the U.S. do not have an estate plan. If you are still on the fence, it can help to look...
Does the probate process always follow the will precisely?
The passing of a loved one marks a challenging time, and dealing with legal matters only adds to the complexity of the situation. When a person passes away, their will comes into play, outlining their intentions for distributing assets among beneficiaries. However,...
Should you update your estate plan after a divorce?
Going through a divorce is a significant life event that may cause emotional turmoil and stress. However, as you navigate this challenging time, remember that certain practical aspects need your attention too. One of these is your estate plan. Once the divorce process...
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...
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...
Why You May Need A Trust In Addition To A Will
A will plays an important and necessary role in any Arkansas estate plan, but a will only does so much. While a will lets you dictate who you want to inherit your assets when you die and gives you a chance to appoint someone guardian over your children, you may have...
Create A Simple Estate Plan With These 3 Components
Having an Arkansas estate plan is important for several key reasons. First, it gives you control over what happens to your assets, legacy and personal affairs. Second, it helps your loved ones and beneficiaries know your wishes with regard to asset distribution,...