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 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…
Do I Need to Update My Estate Plan?
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…
Portability, Rev. Proc 2017-34 and Potential Estate Tax Legislation
Recently widowed individuals whose deceased spouse’s estate did not make a portability election by the due date for filing an estate tax return -- because the estate either was not aware a portability election was available or required, or determined that a portability election was not necessary…
Yours, Mine and Ours: Estate Planning for a Blended Family
February 8, 2021
by Casey Dorman Lawson
When William Shakespeare wrote “What’s mine is yours, and what is yours is mine,” he likely was not thinking about a blended family. Blending families offer a myriad of challenges, one of which is how the spouses’ assets will be distributed at death. If you are a spouse in a blended family, the…