This is still not settled after 1 1/2 years, and there was a will. She had all the siblings sign a release, (this basically said we had zero rights to it, but her name was on it, because (she stated) it had to be this way because she was the distributee) her reason -for this "Our father didn't have... Read more »
You can revoke the power of attorney by signing a new one or just signing a revocation of the old one. You can draft a handwritten will if you want, but it will not revoke the power of attorney. That being said, a simple revocation of power of attorney will do that.
His aires 1 son & 1 daughter. The widow never filed his will. Because dad was a perfectionist, and was specific in wanting to leave his home to his children and grandchildren as the on going family home, it was deceit for the widow to withhold registering his will in court. Does these actions... Read more »
The word is "heirs". If there is a will, she doesn't have a choice whether or not it is filed in court. It is not clear what interest you have in the matter, but if they can prove that there was a will leaving the home to him, the children should insist that the will be honored and the home be...Read more »
Yes, the executor can file a petition to pay himself for his services in handling the estate. The Judge will need to approve the petition. A receipt should be filed also showing that payment has been made and accepted. Good luck.
The appointment of an executor in Arkansas is a function of the Court in the probate proceeding. An individual's will can nominate the preferred personal representative, and the beneficiaries of an estate can enter into a family settlement agreement that may address the personal representative...Read more »
Yes. A self written will can be valid in Arkansas provided it follows the statutory requirements. In these days and times, a self written will could include the traditional holographic will, which is hand written, or a will that the testator creates and prints from their computer. Either can be...Read more »
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 »
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 »
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 »
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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