If you are one in the nearly 40,000 Arkansas grandparents raising grandchildren, thank you. Thank you for stepping into the gap for your grandchildren. Your grandchildren depend on you. Plan now to secure their future. While the children are under age 18, if you give them money, their parents could gain control of the money. […]
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Why You Should Consider Putting Your LLC into a Trust
The limited liability company (LLC) is a popular business structure that offers liability protection and avoidance of double taxation. Trusts are popular asset transfer vehicles that allow you to avoid probate and keep assets out of the hands of creditors. By placing LLC membership interests in a trust, business owners can combine the two types […]
Continue readingMore TagThe Importance of an Estate Plan
Did you know that only 1/3 of American adults have estate planning documents? Everyone needs them. Why should you have an estate plan? An estate plan can provide significant peace of mind by ensuring that your money and property are protected, plans are in place in the event you become ill, and your accounts and […]
Continue readingMore TagEstate Planning Myths
Estate planning can be a very difficult process. While it is not brain surgery, making the decision to move forward with an estate plan requires us to face the fact that we will not live forever. This thought stops many people in their tracks. Others talk themselves out of seeing a qualified attorney to create […]
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Mom lives in Arkansas, is having problems, and you live in another state. If mom planned well and signed a power of attorney, then you can work it out with mom. If there is no power of attorney or if mom being exploited, then it might be time to consider a guardianship. A guardianship is […]
Continue readingMore TagManaging an Old Trust
An old trust needs maintenance. If it has been more than 5 years since the trust was reviewed, time to find it and prepare for a visit to an attorney’s office. Make the appointment. Put it on the calendar for yourself, anyone who created the trust with you, and the trustees. Gather information about your […]
Continue readingMore TagFive Common Mistakes with “DIY” Estate Plans
In light of the current pandemic, many Americans are becoming aware of the importance of creating or updating their estate planning documents. With the extension of some states’ stay in place orders, it may be tempting to create your own documents all on your own.
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Having an updated last will and testament is more important than ever, especially now. However, a will that is poorly created or not frequently updated can be vulnerable to contestation.
Continue readingMore TagDon’t Risk it: Protect Your Finances From Coronavirus Complications
As the coronavirus continues to expand across the country, thousands of Americans are unable to carry out normal financial responsibilities because they are too ill, or they are stuck abroad and unable to travel home, or from a lack of resources due to being isolated at home.
Continue readingMore TagTake Your Power Back from COVID-19: Estate Planning Steps to Protect Yourself and Your Loved Ones
News about the coronavirus is everywhere, and we have all been affected by it in some way, even if we are currently completely healthy. Although it may seem as though circumstances are spinning beyond our control, we are not powerless.
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