Hot Springs Estate Planning and Probate Legal Blog

You may appoint a successor trustee to administer your revocable trust upon your resignation as trustee, or upon your incapacity or death. You may appoint a family member, a friend, an attorney experienced in trust administration, another advisor such as an investment professional or an accountant, or a corporate fiduciary such as a bank trust…

A revocable trust is established by a trust agreement. The person who establishes a trust is called a “settlor.” The person or firm appointed to administer the trust is the “trustee.” Persons or entities which receive money or property from a trust are “beneficiaries.” The settlor of a revocable trust typically retains the power to…

Even the smallest company has potential legal considerations. Shielding yourself from a lawsuit can help protect your investment in your work. Review these strategies for preventing litigation that can threaten your small business endeavor. AVOID CONFLICTS OF INTEREST Make sure you turn down opportunities that could unfairly benefit your business. For example, if one of your employees…

If you are buying a house or other real estate, you will probably receive a document called a “Title Commitment.” This is a commitment by a title insurance company to issue a policy of title insurance. The commitment will include requirements that must  be satisfied before the policy is issued. These usually include matters such…

The aftermath of a parent’s passing often proves stressful and emotionally taxing. You will probably need to work through several financial and other matters in the wake of your mother or father’s death, and you may find that you develop questions along the way if your loved one dies without enough money to cover his…

If you are planning your estate in Arkansas, you likely have questions about whether your family members will eventually need to manage the probate process. In Arkansas, a probate administration or a small estate affidavit is required when an asset is titled in a decedent’s name without a joint owner or a designated beneficiary. Learn…

It is important for all of us to get our affairs in order. We want to be sure that if we become incapacitated, someone can make decisions for us, and we all want to see that our assets are distributed upon our deaths as we wish. Four documents are essential. Each person should have a…

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