What is an Arkansas Series LLC?
In 2019, the Arkansas legislature adopted Arkansas’ Uniform Protected Series Act (the “UPSA”) which is codified at Ark. Code Ann. §4-41-10.
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This article is intended to give you a summary of retirement planning, the most common retirement accounts, and the estate planning implications of a retirement account. You should always consult with a financial advisor and/or accountant when establishing, changing, or converting any retirement accounts.
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The improper taking of estate assets is a significant source of estate litigation in Arkansas and it is very common. This discussion involves what happens if a family member takes control of assets of the estate before probate so as to misappropriate assets for their own benefit.
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Business Taxation. When establishing a new business or growing an existing business, determining the method by which your Arkansas LLC will be taxed can be one of the most important decisions affecting your bottom line.
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One of the most common issues that we see is after the passing of a family member, one of the family members or some other person refuses to share the Will with the family. Thankfully, Arkansas law provides a process by which that person will be compelled and forced to disclose the Will.
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In Arkansas, a valid Last Will and Testament must be signed by the testator, the testator must be at least 18 years of age, the testator must be of sound mind, and the Will must be signed and witnessed by at least two (2) witnesses.
It is ideal to include an attestation clause and a witness attestation affidavit.
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Under Arkansas law, a contract may be voided for fraudulent misrepresentation . Fraudulent misrepresentation involves deliberately misrepresenting goods or services to facilitate a sale, constituting fraud. Arkansas courts treat this as a serious offense because it leads individuals to enter into contracts based upon false information, often causing significant financial loss.
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What is a Will? What is a Trust? A Last Will and Testament, known as a Will, is simply a formal, legal document that outlines a person’s last wishes, specifies how their property is to be distributed upon their death, appoints a person to administer the Will, and other related post-death matters.
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When you’ve been injured in an accident and someone else is at fault, the process of getting compensated can be complex. Insurance companies, medical providers, and even your own health insurer may have a financial stake in your recovery. One key legal concept that often comes into play is subrogation.
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