FAQ
*$100,000, excluding real property claimed as homestead, statutory allowances, and assets held in a RLT where the decedent is the grantor and trustee, pursuant to Ark. Code Ann. Section 28-41-101 et. seq.
*Execution of an "advance directive" such as a (a) durable powers of attorney for health care, (b) living wills, and (c) individual instructions, in conformity with Ark. Code Ann. Sections 20-6-102 to 20-6-103; 20-6-201.; Sections 20-17-201 to 20-17-217; & the Arkansas Healthcare Decisions Act, 2017 Ark. Acts 974.
*A petition for probate estate administration must be filed within five (5) years of the date of death of the decedent, pursuant to Ark. Code Ann. Section 28-40-103(a).
*Arkansas Law presumes the child was negligently omitted from the Will and will be given a pro rata share of the probate estate pursuant to Ark. Code Ann. Section 28-39-407(a).
*Completion of an Arkansas Statutory Power of Attorney Form in conformity with Ark. Code Ann. Sections 28-68-101 through 405.
*A home; *A car; *Life Insurance w/o cash surrender value; *Burial spaces; *Irrevocable burial arrangements; *Personal effects; & *$2,000 (An additional $120,900 by spouse based on a formula).
