How a Large Inheritance Can Do Children More Harm than Good—and How to Prevent It

Bill had worked hard to build a successful real estate firm, eventually accumulating an estate worth $4 million. He arranged for each of his four kids to receive an inheritance of 25 percent of his assets when he died. Despite Bill’s attempts to teach his children the value of a dollar, the youngest, Charles, was…

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Estate Planning: A Deep Dive Into Charitable Planning Options (Part 1)

“I resolved to stop accumulating and begin the infinitely more serious and difficult task of wise distribution.”                                       –Andrew Carnegie     An article posted in Money offers a startling statistic: Approximately 70 percent of wealthy families lose their fortunes by the second generation, and 90 percent lose their wealth by the third! The primary…

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‘Till Death Do Us Part, Too: Estate Planning Tips for Commitment Without Marriage

Advice columnist Ann Landers once observed that “love is friendship that has caught fire.” If that’s true, there are thousands of ways for that blaze to unfold. For many Americans, such devotion and passion do not need to be neatly formalized as marriage.   In fact, our cultural norms are shifting, and quickly. Consider the…

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Avoid Living Probate: How to Keep Guardians and Conservators Out of Your Estate

While most proactive individuals know the importance of having a well-rounded estate plan, it is typically considered as something that will take effect after they have passed away. But there are in fact many ways in which comprehensive estate planning can have a positive impact on your life while you are still around to reap…

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What Does It Mean to “Pass On Your Values”? Thought Leaders Weigh In

At some point in their lives, most people think about passing on their values, ideals and beliefs to the next generation your Little Rock Estate Planning Firm, can help. What does it mean to do this in real terms?                                                                                                     “The greatest legacy one can pass on to one’s children and grandchildren is not…

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Understanding Social Security Survivor Benefits

In this post, we will address the critical yet often-misunderstood topic of Social Security survivor benefits.   Survivors Benefits According to the Social Security Administration, a surviving spouse may be eligible to receive the deceased spouse’s full retirement benefits at full retirement age (“FRA”).  For survivor benefits only, FRA is 66 for anyone born before…

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The Top 10 Benefits of a Comprehensive Power of Attorney

The benefits of a highly detailed, comprehensive power of attorney are numerous. Unfortunately, many powers of attorney are more general in nature and can actually cause more problems than they solve, especially for our senior population. We’re highlighting the benefits of a comprehensive, detailed power of attorney. A proper starting point is to emphasize that…

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7 Tips for Helping Families with Special Needs

We’re examining the unique planning requirements of families with children, grandchildren or other family members (such as parents) with special needs. There are numerous misconceptions in this area that can result in costly mistakes when planning for special needs beneficiaries.  Understanding the pitfalls associated with special needs planning is a must for all of us…

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Control Your Destiny and Preserve your Entity with Shareholder Agreements

Small business owners are a critical segment of our economy, and they are a foundation for future growth.  As the baby boomer generation grows older, it is estimated that close to 60‐80% of small businesses will transfer ownership over the next ten years.  Additionally, many of these business owners have close to 75% of their…

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Firearms: Arkansas Law

When owning firearms in any state, it’s important to know firearms laws and regulations for that particular state. We’ve got the information for Arkansas below. Arkansas does NOT: Conduct its own background checks for firearm sales, but instead relies on the FBI; Require a background check prior to the transfer of a firearm between private…

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What is the NFA?

You’ve seen us mention the National Firearms Act, or NFA, more than a few times in our past several posts. Today we’re going to explain a little more about the NFA and the importance it plays in your firearms ownership. The NFA handles the purchase, transfer, and creation of Title II firearms. These firearms are often…

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