Estate planning is a vital aspect of securing one's legacy and ensuring the smooth transition of assets to loved ones after their passing. In Arkansas, individuals have access to a range of trust options that can play a significant role in their estate plans. Trusts...
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Estate Planning
The importance of early estate planning
Many young people overlook the importance of estate planning, believing that it is a concern reserved for older individuals or those with significant wealth. However, starting the estate planning process early offers numerous benefits and can provide peace of mind for...
How probate affects estate planning in Arkansas
Estate planning offers many benefits, including the ability to help your assets and beneficiaries avoid the probate process. Probate can be costly, tedious and time-consuming for your loved ones. Understanding how probate works in Arkansas is essential to create an...
Trust fund disbursement options to consider
When you establish a trust as part of your estate plan, you need to determine how you want that trust disbursed to the beneficiary. If you lack experience with trusts, you may not realize how many options you have for disbursement. No matter what your goal might be,...
How divorce affects your estate plan
When you find yourself facing a divorce, the last thing you might think about is your estate plan. Unfortunately, it is one of the first things that you should address. Your estate plan determines who receives your assets upon your death, and most people name their...
Stop using these excuses to avoid estate planning
Even though a majority of individuals understand the importance of having a will, very few people follow through and create an estate plan. Just like you use seat belts and smoke detectors to protect your family from harm, a will is a tool that protects their...
When should I update my estate plan?
An estate plan is a valuable tool that can help you secure assets for yourself in the present and for your heirs in the future. For this tool to have maximum value, however, it needs periodic updates to maintain accuracy. Here are a few life changes that require a...
What is the importance of choosing a good executor?
No matter who you plan to leave your personal belongings and assets to once you die, you will likely need a will to make your wishes clear. One part of crafting a will includes choosing an executor. This person is responsible for paying off your debts and helping your...
Pros and cons of a beneficiary deed
After working hard and acquiring property and assets, what happens to it upon your death? With life expectancy rates lowering for the first time in decades, those end-of-life decisions remain more important than ever. When it comes to real estate, you have options in...
Why should younger people have a will?
Too many people put off creating a will until they are nearing retirement. For some people, this is because they do not like to think about death. Others may delay because they do not realize the importance of such a document. There are many reasons why it is a good...