Tag: Probate and Estate Planning
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Covid-19 Presents New Legal Challenges and Unique Opportunities for Arkansas Citizens and Businesses
Covid-19 Presents New Legal Challenges and Unique Opportunities for Arkansas Citizens and Businesses Without question, everyone’s life has been effected by the Covid-19 coronavirus pandemic. So much has changed over the last 30 days, and since little is still known about the coronavirus that has sickened so many, including how it spreads, and how it can…
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Oral Agreements to Divide a Decedent’s Property Violate the Statute of Frauds
The 8th Circuit Court of Appeals recently rendered an unpublished opinion, Kiddie v. Copeland, Case No. 17-2814, involving the statute of frauds, and its application to an agreement to divided a deceased grandfather’s property. First, what is the statute of frauds anyway and why should you care? The statute of frauds is a common law…
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Arkansas Estate Plans for Young Professionals
Contrary to what you might believe, estate planning is not reserved for the old and rich. Over the course of the next few estate planning posts, I’ll try to prove my point, that an estate plan is appropriate for everyone, regardless of your station in life. Today, I’ll discuss the category that I fall within:…
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Friday Mail Bag: "Hey Daily, What is an Ancillary Probate?"
I am frequently asked to assist families with ancillary probates in oil and gas producing states such as Arkansas, Oklahoma, Wyoming and North Dakota. Wills, trusts and probate law can be complex enough when an executor only has to manage assets in one state. Managing assets in multiple states can be a very onerous task.…
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Wills and Trusts Drafting Errors Can Be Costly
The mantra for any transactions attorney in the business of drafting a will, trust, or other legal document is simple: proceed with care. Errors and omissions can be costly for their clients. The Louisiana Supreme Court issued an opinion this week that highlights the issues involved when a will omits crucial information. The issue in Succession…
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Welcome!
Welcome to The Daily Law Blog. My name is C. Michael Daily, and I am a member of Daily & Woods, P.L.L.C. Daily & Woods is a general practice law firm and members of our firm are licensed to practice and can represent clients in Arkansas, Oklahoma, Wyoming, and North Dakota. Please visit the firm’s website to…