Selling a Co‑Owned Property in Arkansas to Cover Funeral and Tax Costs
How to sell a co-owned property in Arkansas to cover funeral and property tax expenses — What to know and what to do Detailed Answer When someone who co-owned real estate dies or when co-owners disagree about paying expenses, selling the property can be necessary to cover funeral costs and property taxes. Under Arkansas law, […]
Read article →Arkansas — Where Will the Sale Proceeds from My Dad's House Go?
Detailed Answer Short answer: To find out exactly where the sale proceeds from your dad’s house will go under Arkansas law, you need to determine who sold the house (the owner, a surviving joint owner, an executor or administrator, or a buyer at foreclosure), review the deed and title for mortgages and liens, check whether […]
Read article →Arkansas: Can a Prenuptial Agreement Affect a Life Estate or Your Inheritance?
Can a Prenuptial Agreement Affect a Life Estate or Your Inheritance? — Arkansas FAQ Short answer: Yes — a valid premarital (prenuptial) agreement can change how property is classified between spouses and can limit or waive a surviving spouse’s rights that would otherwise affect a life estate or an inheritance. But whether the prenup actually […]
Read article →How to Verify an Executor’s Calculation of Your Share from a Sibling’s House Sale — Arkansas Probate Guide
Disclaimer: This is educational information, not legal advice. I am not a lawyer. For legal advice about your specific situation you should consult a licensed Arkansas attorney. Detailed Answer If your sibling’s house was sold during probate and you believe you are entitled to a share of the net proceeds, you can take concrete steps […]
Read article →Selling a Deceased Parent’s House During Probate in Arkansas — Mortgage Issues and Process
Can you sell a deceased parent’s house during probate if there’s a mortgage? — Arkansas probate & mortgage basics Short answer: Yes — but only in certain circumstances. In Arkansas, a representative (executor or administrator) can sell estate real property during probate, but the sale must be done under the authority of the estate, must […]
Read article →Arkansas: Do I Have to Publish a 3‑Month Notice to Creditors Before Selling My Mother’s House?
Understanding Whether You Must Publish a 3‑Month Notice to Creditors Before Selling a Deceased Parent’s House in Arkansas Quick answer: Not always. Arkansas’s small‑estate procedures generally address collection and distribution of personal property and do not automatically allow a sale of real property (like a house). If you must open a formal probate or are […]
Read article →How to Prove the Value of Vehicles for Probate in Arkansas
Proving the Value of a Deceased Person’s Vehicles for Probate in Arkansas Short answer: The personal representative (executor or administrator) prepares an inventory that lists each vehicle and a supported fair-market value. You can prove value with a written appraisal, dealer or mechanic statements, accepted pricing guides (NADA, Kelley Blue Book), comparable market listings, or […]
Read article →Proving the Value of a Deceased Parent’s Vehicles in Arkansas Probate
Disclaimer: This is general information, not legal advice. I am not a lawyer. Consult a licensed Arkansas probate attorney for advice about your specific situation. Detailed Answer When a decedent’s estate includes one or more vehicles, the personal representative (executor or administrator) must establish each vehicle’s value for the estate inventory, possible sales, distribution to […]
Read article →Arkansas: How to Get Appointed as a Limited Personal Representative and Handle Small-Estates
Detailed Answer Overview: In Arkansas, there are streamlined procedures for handling smaller estates and for appointing a limited personal representative to wrap up specific tasks. Before you begin, understand two important limits: (1) many small-estate procedures only allow transfer of certain personal property, not real property, and (2) selling real estate generally requires clear court […]
Read article →Arkansas — What Happens to an LLC Member's Share When They Die?
Detailed Answer Short answer: If your Arkansas LLC’s operating agreement is silent about what happens to a member’s interest on death, Arkansas default LLC law and the LLC’s articles of organization control. In practice, the deceased member’s estate or personal representative typically inherits the economic (financial) rights but not the managerial rights, and the estate […]
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