Most people who are going through a divorce know that there are many things that they have to do when their marriage ends. One thing they may not think about is revising their estate plan. In Arkansas, portions of the will that involve the ex-spouse are automatically...
The Wright Law Firm For You
Estate Planning
How does Arkansas handle will disputes?
Disputes over wills arise when family members or beneficiaries disagree about the validity of a will. In Arkansas, like in other states, laws guide how to handle these disputes. Understanding the process can help prevent confusion and ensure that you distribute your...
Is a charitable trust the same as a QCD?
Charitable giving plays a key role in estate and financial planning, but not all methods work the same way. Two common tools, charitable trusts and Qualified Charitable Distributions (QCDs), offer tax advantages and help support charities. However, they serve...
How can blended families ensure fair estate planning?
Blended families face unique challenges in estate planning. Partners often bring children from previous relationships, so it’s wise to create a plan that protects everyone’s interests. A good plan ensures fair treatment for biological children, stepchildren, and...
Planning for long-term care costs in your estate plan
As healthcare costs rise, planning for long-term care has become an essential part of estate planning. Long-term care can include services like nursing home care, in-home care, or assisted living, and these costs can quickly deplete assets. It is wise to plan ahead to...
What does the estate planning process involve in Arkansas?
Estate planning is an essential process for managing an individual's assets and distributing them according to their wishes after death. The goal of estate planning is to provide clarity and direction for distributing assets, minimizing taxes, and protecting...
How to decide who to leave your assets to
Creating an estate plan in Arkansas involves critical decisions about who will receive your assets. Deciding who receives your assets can be challenging, but a thoughtful approach ensures you honor your wishes. Assess your relationships Start by evaluating your...
Key updates you may need to make to your estate plan
If you have established an estate plan, it's important to keep it updated to ensure it accurately reflects your current wishes and circumstances. In fact, it may be a good idea to reconsider important sections on a regular basis. Revise your will after major life...
Choosing a guardian for your child
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...
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...