The Question(s) About An Arkansas Will That Everyone Must Be Able to Answer

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The Question(s) About An Arkansas Will That
Everyone Must Be Able To Answer
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Why Are These Questions
IMPORTANT?
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Do you have a VALID will?
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Do you have a VALID will?

• Surviving children are FIRST

The descendants of any predeceased child divide
the entire heritable estate
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Surviving spouse is SECOND
If there are no surviving children or descendants
of children, then the surviving spouse (in
addition to taking dower or curtesy) takes the
entire heritable estate
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THERE IS, HOWEVER, AN EXCEPTION TO THIS RULE
if the decedent was married to the surviving
spouse for less than three years, the surviving
spouses share (in addition to dower or curtesy)
is limited to fifty percent of the heritable
estate
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• And the rest of the story

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Etc., etc.until ESCHEAT!
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Escheat

• If no one is capable of inheriting under any of
  the above categories,
• then the estate escheats to the county in which
  the decedent resided at death
• Ark. Code 28-9-214, 28-9-215

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Example
You are a widow or widower. Your parents are
deceased. You have only one child but you have
been estranged from him or her for years. The
probate court, despite its best efforts, cannot
locate your estranged child.
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THE COUNTY
GETS
YOUR ESTATE!!
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Do you have a VALID will?
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Do you have a VALID will?
18 Yes No Yes 2 Yes Yes
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Do you have a VALID will?
18 Yes No Yes 2 Yes Yes
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Do you have a VALID will?
18 Yes No Yes 2 Yes Yes
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Do you have a VALID will?
18 Yes No Yes 2 Yes Yes
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Do you have a VALID will?
18 Yes No Yes 2 Yes Yes
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Do you have a VALID will?
18 Yes No Yes 2 Yes Yes
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Do you have a VALID will?
18 Yes No Yes 2 Yes Yes
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What Is a VALID will?
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What Is a VALID will?
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What Is a VALID will?
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Do YOU Have a
Valid Will?
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Do YOU Have a
Valid Will?
We Can Help You Prepare It
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Click to visit Arkansas-EstatePlanning.com