Unquestionably, we live in an age of consumer empowerment and do-it-yourself possibilities. Many people take advantage of online platforms to do their own financial planning. Some execute wills. Others file taxes.
Posts tagged "Estate Administration"
If you were asked as a pet-loving Arkansas resident for an estimate regarding how many cats and dogs live with families across the country as pets, what might you guess?
After someone with substantial property dies, one of the first questions people in Little Rock may have is who receives the inheritance. However, the probate process is not as simple as sitting down and reading a will, and if there is no such document, everything becomes even more complicated. Then, a person appointed by the court must perform the duties that would have gone to the executor of the will, such as paying debts and taxes, and determining the value of assets.
An old Irish saying goes like this:
A loved one dies and you are approached about administering the settlement of the estate. On one level, you feel humbled. Such a request means you're considered trustworthy. On another, you may feel over your head before you start. Before anyone in Arkansas says yes to such a request, some questions deserve answers.
Taking care of the details when closing out an estate after a loved one's death in Arkansas can be a tough thing to handle. Not only is there the emotional turmoil accompanying the loss, complications of estate administration can arise if the estate happens to be intricately structured.
There are many areas of practice of the law. That might suggest to many readers that there might be little overlap, but the truth is that there can be some significant points at which everyday legal issues intersect. Working with an attorney who has experience in multiple practice areas can be helpful in making sure that one's best interests are protected, no matter where the roads cross.