WHY ADDING A CHILD AS A JOINT OWNER MAY NOT BE A GOOD IDEA
January 17, 2024
by Casey Dorman Lawson
Individuals are often interested in ways to transfer their assets at death without having those assets go through a probate proceeding. Those same individuals are also often interested in accomplishing this without having to visit an attorney or execute a Will or a Trust. Thus, this leads many…
Business Owner Alert: Corporate Transparency Act Requires New Ownership Reporting in 2024 and Beyond
It has been many years in the making, but the effective date of the Corporate Transparency Act (the “CTA”) is finally here. The CTA, enacted in 2021, is designed to prevent money laundering and other unlawful activity through the use of business entities to conceal identities. As of January 1…
Value of Stock Included Life Insurance Proceeds Intended for Redemption of Stock
November 16, 2023
by Jennifer R. Pierce
The Eighth Circuit Court of Appeals recently affirmed the decision in Connelly vs. United States,[1] holding that the fair market value of stock in a closely-held corporation, for purposes of valuing that stock held by a deceased shareholder’s estate, included life insurance proceeds intended for…
Estate Planning in Arkansas: Significance of Wills and Trusts
In Arkansas, estate planning is vital. By understanding the tools at residents’ disposal, such as wills and trusts, Arkansans can ensure the security of their assets, provide for their loved ones, and leave a lasting legacy for generations to come. The Importance of Estate Planning Estate planning…
High Interest Rates May Be Troubling for Issuers of Tax-Exempt Bonds
October 27, 2023
by Ashley Edwards
Over the past year and half, interest rates have increased significantly. For most investors, the increase in interest rates is welcome. But for issuers of tax-exempt bonds, or cities, states and other qualifying governmental entities, the rise in interest rates may be a cause for concern. Under…