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July 20, 2010
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Estate Planning News

 

 

President's Plan to Strengthen Retirement Security

President Bush believes that economic freedom is essential to individual success and prosperity. The President's economic agenda invests in individuals by creating jobs, expanding opportunities to save and invest, providing a good education, and helping each American own part of the American dream.

An important component of the President's economic security agenda is providing American workers and retirees new tools to protect their pensions, investments, and retirement security. The President has announced the implementation of rules that require workers to receive a 30-day notification before any "blackout" restrictions are placed on their 401(k) plans. Read more at whitehouse.gov

Contact our Arkansas estate planning attorney now.

 
Did You Know?    
 
 
A Will, is sometimes called a "Last Will and Testament"
Used to transfer property you hold in your name to the person(s) and/or organization(s) you want to have it. A Will also typically names someone you select to be your Personal Representative (or "Executor") to carry out your instructions and names a Guardian if you have minor children. A Will only becomes effective upon your death, and after it is admitted to probate.

 


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Latest news about Financial & Estate Planning in Arkansas and nationwide:

Tie Minimum Wage Increase To Estate Tax?
Q. Back on the minimum wage. It seems that the poison pill in this one was that Democrats couldn't get behind a minimum wage increase that was tied...
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Estate Planning – Considering a Second Marriage Late in Life
“As the life expectancy of people in the United States increases, the reality of second and third marriages becomes more likely even for those who ...
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Nelson Supports Full Repeal Of Estate Tax
To encourage economic activity and to allow for certainty in estate planning, Nebraska’s Senator Ben Nelson voted today to proceed to H.R. 8, the b...
Read more >


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Estate Planning Terms

 


Today's Terms

Estate

Definition:
The total of all assets, all debts and other obligations of an individual. At the time of death the total amount of benefits (life insurance, annuity and retirement benefits) to be paid to beneficiaries are often also considered part of the estate for Federal Estate Tax purposes

Probate

Definition:
The process through which the legal title to property is transferred from a decedent to the beneficiaries. If a person dies with a will (testate), the probate court determines if the will is valid, hears any objections to the will, orders that creditors be paid and supervises the process to assure that property is distributed by the Personal Representative or Executor according to the terms of the will. If a person dies without a will (intestate) the probate court appoints an Administrator who receives all claims, pays creditors, and then distributes all property according to the laws of the state.

Decedent

Definition:
A person who has died.

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Estate Planning Resources

 


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Estate Planning Hot Topics

 
Topics Related to Estate Planning:

  • Trusts
  • Wills
  • Uniform Probate Code
  • Gift Tax

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Arkansas Estate-Planning Attorney

 
If you live in the following cities and need an Estate-Planning attorney you should contact our Estate-Planning Attorney as soon as possible:

  • Batesville
  • Benton
  • Bentonville
  • Blytheville
  • Cabot
  • Camden
  • Conway
  • El Dorado
  • Fayetteville
  • Forrest City
  • Fort Smith
  • Harrison
  • Hot Springs National P
  • Jacksonville
  • Jonesboro
  • Little Rock
  • Magnolia
  • Mountain Home
  • North Little Rock
  • Paragould
  • Pine Bluff
  • Rogers
  • Searcy
  • Sherwood
  • Springdale
  • Texarkana
  • Van Buren
  • West Memphis
  • White Hall
 


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