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The Arkansas last will and testament form is a legal document that enables people to transfer their assets and ownership rights to their beloved people after death. The Arkansas will and testament helps the testator, the author of the will, evenly divide the real property, money, or other assets between the family members or non-relatives as the testator wishes. If the person passed away and did not create any will in their lifetime, the Arkansas law will decide for them who will inherit the remaining assets.
Besides the will, the testator and the chosen witnesses can also sign a self-proving affidavit confirming the will's originality. In some states, the affidavit may be notarized to gain the same legal force as the last will.
Overall, there are no strict requirements on when individuals should write their Arkansas will form and who they decide to leave their property and other belongings. The testator should be conscious of his or her actions and decisions to make his or her will accurate, fair, and legally enforceable. Estate planning lawyers can help create the Arkansas last will and testament contract and arrange the related legal formalities.
A last will and testament template in Arkansas makes ownership rights distribution smoother and more legitimate due to the deceased person’s wishes. If the testator had good relationships with his or her blood relatives or non-relatives, there would be no disputes over the inheritance.
The last will document ensures the legal protection of the assets if the decedent’s creditors decide to claim their ownership rights to the assets. The same goes with the Arkansas government: if the deceased person created no will, the state authorities are eligible to divide the assets between family members and non-relatives. The final verdict may vary from the one expected by the decedent’s relatives and non-relatives.
Testators have their choice regarding their belongings and people who want to take the legal obligation to control the assets sharing, gain the rights to the assets after the testator’s death, and take care of the testator’s children as their guardian.
People can create their Arkansas will forms at any age. However, the decisions taken can change multiple times. Hence, it is recommended to create the will when there are significant means of the deceased person’s property, money amounts or other possessions to distribute, liable persons who will receive them after death, and children.
The main requirement to create the last will and testament sample in Arkansas is to rely on the testator’s mental and physical capability to make sensible decisions. Otherwise, if the testator’s health is questioned, any interference to write the will instead of him or her will be regarded as force, and it may cause severe consequences in court.
Before writing a will in Arkansas, some specific terms for this legal document are critical to know and mention:
Below are the steps to write a simple will template in Arkansas.
The testator is the main person whose name will appear in the last will and testament. Apart from him or her, there should be the personal representative or executor of the will nominated by the deceased person, beneficiaries who will inherit a specific number of assets and gain ownership rights, and witnesses who evidence the credibility of the last will and testament.
The executor automatically takes his or her responsibility for the whole inheritance and probate process and the testator’s taxation matters. The personal representative does not require any qualification to handle the issues above, but he or she can always ask a lawyer or accountant for help.
If the testator has minor children, it is essential to think of a guardian for them. If the children are also beneficiaries, the guardian will be liable for the assets the minors will get until adulthood. In this case, the guardian may become a trustee who is not connected to the will but gains responsibility for the possessions or children.
The testator can create a will with a lawyer’s help or take a Arkansas statutory form, easy to fill out. It is highly recommended to seek legal advice if the individual case poses complications, for example, conflicts with family members, many assets to distribute, mortgage issues, etc.
At least two witnesses should sign the last will with the testator. They should also sign the “self-proving affidavit” to notarize it.
If non-negotiable disagreements with the will’s content occur, the appropriate legal proceeding should start immediately.
The testator should store his or her last will in a safe, confidential place and must not share the location with family members or closest non-relatives. The testator should inform the executor about the will before he or she passes away.
The testator’s sample will Arkansas can be amended or revoked in his or her lifetime in the following ways:
The relatives or non-relatives who were close to the deceased person can contest the one’s will. Usually, the reasons for contesting are possible testator’s mental or physical incapability, fraud or illegal force.
The beneficiaries who suspected unusual testator’s behavior or severe omissions in the prepared Arkansas will and testament should submit a petition to the Arkansas probation court. Other parties—the personal representative or witnesses—are not eligible to contest the will.
Commonly, it is complicated to prove in court that the will was created illegally due to insufficient evidence.
A living trust is not the same as the Arkansas will template. The living trust is a legal form of fiduciary relationships whereby a creator of the trust, or a trustor, grants the chosen trustees the right to own specific assets if the trustor cannot do so.
The assets are supposed to be distributed to the beneficiaries when the trustor passes away, according to the last will. If there are particular fiduciary funds, even the Arkansas government cannot interfere in the probate process after the testator passes away. In this way, the living trust adds more legal power to the wills.
A pour-over will is a legal document that ensures that the remaining assets should be distributed by default to the beneficiaries mentioned in the trust. The possessions to be distributed are usually not mentioned in last wills and testaments but with pour-over wills, the Arkansas probate court will not decide on the asset distribution.
Lawrina Templates provides the up-to-date Arkansas will and testament in PDF that people can fill in online before or after purchase and download.
Before creating the last will and testament sample Arkansas, Lawrina will need your email address to be able to send you the ready document. Then, you can use Lawrina’s interview to fill out the template automatically. All the questions are related to the will so that you will not miss any critical information to include. You can edit the will whenever you want.
After the interview, you will get a simple will template Arkansas, ready to download from our page or your inbox. Choose the option you prefer and submit your document whenever necessary in Arkansas.
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Some estate-planning attorneys bill hourly and are dependent on training and experience. Still, it's common for a lawyer to charge a flat fee to draft a will and other estate planning documents.
It may be as little as around $300 for simple estates and bequests. However, prices are commonly between $1,000 and $1,200. The fee will vary and depends on the size and complexity of your estate. And additional hourly charges if you have unique estate planning requests.
Writing your own will makes sense if you have an average-sized estate and don’t have any unusual requests regarding your property. However, it must comply with state requirements that vary between states. Generally speaking, you must be of sound mind, not under another person's influence. Your will must be in writing and signed in front of two witnesses who are not named beneficiaries, who will then also need to sign the will.
The State requirements of a valid will may vary, but generally, the following conditions are needed: