Estate Planning in Arkansas: Significance of Wills and Trusts
In Arkansas, estate planning is vital. By understanding the tools at residents’ disposal, such as wills and trusts, Arkansans can ensure the security of their assets, provide for their loved ones, and leave a lasting legacy for generations to come. The Importance of Estate Planning Estate planning…
Estate Planning and Cryptocurrency
November 16, 2022
by Jennifer R. Pierce
Digital assets, such as cryptocurrency, are becoming a larger component of investors’ portfolios. More and more people are owning some form of cryptocurrency. Cryptocurrency creates unique challenges for estate planning because (i) there is no personally identifiable information associated with…
Estate Planning Techniques in a Higher Interest Rate Environment
October 5, 2022
by B. Wade Bowen
One can hardly miss the high levels of inflation currently affecting our economy. Even for those who do not pay close attention to the news, where inflation could hardly be more covered, the price of nearly everything for consumers has skyrocketed as we have emerged from the COVID pandemic. To try…
Certain Trust Expenses Still Deductible Until 2026
The Tax Cuts and Jobs Act (TCJA), while lowering taxes for most, raised them for a few. One group of those few taxpayers for whom taxes went up under TCJA were certain trusts and estates (generally those with large investment advisory fees or certain other expenses). The issue for these trusts is…
Do I Need to Update My Estate Plan?
September 29, 2021
by Jennifer R. Pierce
If your life changes, so should your estate plan. Marriage, divorce, death of a spouse, a birth and a changing relationship with a child are just some of the life changes that may affect your estate plan. Unfortunately, as your life changes, updating your estate plan is often not the first thing on…