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Questions Answered by Robert Fahr
1 Answer | Asked in Probate for Arkansas on
Q: Does a will for home have to be probated in Ar?
Robert Fahr
Robert Fahr answered on Jul 16, 2011

The answer depends on facts that you didn't provide. If you can provide more details about the owner, the home, the owner's heirs, and the owner's Will then it might be possible to answer. A probate is not always required or necessary to transfer real estate from an estate but it depends on many... Read more »

1 Answer | Asked in Probate for Arkansas on
Q: My aunt passed away in Jonesboro recently. Will her will be putlic record? If so, where?
Robert Fahr
Robert Fahr answered on Jul 16, 2011

In Arkansas, if a probate is filed then all documents filed in the probate, including a Will, will be publicly available from the county clerk. By law if there are over $100,000 in assets in a probate estate then a probate must be filed. If the probate estate is smaller then a probate may not be... Read more »

1 Answer | Asked in Estate Planning for Arkansas on
Q: My Mom die she has no will how doe the law in arkansas work for this? there is me sis and half bro. he has a child?

My half Bro. is dead.

Robert Fahr
Robert Fahr answered on Jul 16, 2011

If a person dies with no Will and has assets in Arkansas then those assets would be subject to division according to Arkansas law. In general the assets would be divided between the person's children and the person's spouse. Unless a step-child is adopted by the person, they are usually not... Read more »

1 Answer | Asked in Estate Planning for Arkansas on
Q: In the state of AR. Can I intentionally leave a child out of my will

If you have additional details about your question fill them here

Robert Fahr
Robert Fahr answered on Jul 16, 2011

In general, if you have a child and you don't mention that child in your Will then that child may claim their statutory share of your estate. If you intend to disinherit a child then you must mention that child in your Will and you should state you intent to disinherit them. This is why it is... Read more »

1 Answer | Asked in Estate Planning for Arkansas on
Q: How long does the bond last in a trust?
Robert Fahr
Robert Fahr answered on Jul 16, 2011

Without more information it may not be possible to answer your question. If you are referring to a fiduciary bond that may be required of the Trustee to protect trust assets, that is typically renewed annually. If you are referring to a bond held in the trust, then it depends on the type of bond,... Read more »

1 Answer | Asked in Estate Planning for Arkansas on
Q: Does arkansas have death estate tax?
Robert Fahr
Robert Fahr answered on Jul 16, 2011

Arkansas does not have a state estate tax. An estate may owe federal estate taxes depending upon the type of assets and size of the estate. An estate may also have to pay federal and state income taxes on income after the death, until the estate has been settled. This is a general answer and may... Read more »

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