Arkansas Law Blog

Estate Planning

Have a Trust? Will it Work at Death?

Everyone knows that Trusts are part of estate planning. Most people go to their attorney after the documents are prepared and “execute,” the trust and other documents, including the durable power of attorney, the health care power of attorney, and a pour-over will. After that, they are done, right? A trust only controls the assets titled in its name. You…

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Family Law

Family Law for Veterans

I have several close friends who have served in the military, and I always love to hear their stories when we get together. Unfortunately, however, I typically need a translator because the military has an acronym for everything. It’s not a job, it’s an “MOS.” It’s not exercise, it’s “PT.” And even if it sounds normal, it’s different for the…

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Business Law

Keeping the Family Business in the Family

If you own and operate a business, you need to have a plan for the future of the business in the event you become unwilling or unable to manage it yourself. The problem with most business owners is they are so busy running their business they do not take the time to plan for the future success of the business….

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Estate Planning

What is a Life Estate?

There are numerous ways that a person can hold ownership in property. One way is the life estate. If a person holds property in a life estate, he or she retains the right to occupy, possess, and enjoy the property for his or her life. However, when he or she passes on, their interest in the property automatically ends. Due…

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Estate Planning, Probate & Estate Administration

Wills vs. Trusts

Wills A will is an instrument that determines the disposition of a decedent’s property after death. A person who executes a will is a testator. Valid wills override the intestacy statutes. A will is ambulatory, or revocable, up to the death of the testator, at which point it becomes irrevocable. A will can be revoked, in whole or in part,…

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