Question 1

Should I Consider Meeting With A Real Estate Lawyer If I’m Interested In Buying A House?

Accepted Answer

Whenever major transactions occur that carry significant financial risks, it is advisable to meet with an attorney who can make sure your best interests are sufficiently protected. Our firm proudly helps those interested in buying or selling residential or commercial properties by reviewing all contracts involved in the transaction. We make sure the language is clear and effective, and that our clients do not leave themselves vulnerable to potential legal woes in the future. Reach out to us today to learn more about our real estate law services.

Question 2

What Information Or Documents Should I Consider When Creating My Estate Plan?

Accepted Answer

There are many factors to think about when creating your estate plan. Since the circumstances of each individual and family differ, it is advisable to meet with an experienced estate planning attorney who can help you understand your options and design an estate plan that is tailored to meet your specific needs. At a minimum, most people include the following four main estate planning documents: a will, a durable power of attorney, a living will, and a durable heath care power of attorney. Your estate planning attorney will go over your choices with you and implement a customized estate plan that will provide the best protections for you and your family.

Question 3

What Is Probate?

Accepted Answer

When someone passes away, their estate enters a period known as probate. During this time, the Arkansas probate court typically oversees the administration and dispersal of the estate among the beneficiaries. Although the process usually lasts a minimum of six months, there are several factors that impact the exact duration of a particular case. After the estate has been evaluated, any remaining debts or taxes have been repaid, and the beneficiaries have received their inheritances, the court will officially conclude the probate period once properly petitioned by the representative.

Question 4

What Does Co-Ownership Of An Aircraft Look Like?

Accepted Answer

Since aircraft purchases involve significant sums of money, many people choose to pursue a co-ownership agreement. This concept allows two or more parties to diffuse the overall cost of buying and maintaining an airplane. However, there are many factors that you should consider carefully before signing the official documents. Since the aircraft can be considered an asset, you and your co-owners will need to determine how the death or incapacitation of one of the owners will impact the agreement. You will need to discuss the obligations of each of the co-owners, and putting these details in writing is essential to prevent future legal disputes. If you are interested in exploring a co-ownership agreement, or if you have other questions relating to aviation laws in Arkansas, call Natural State Law, PLLC today to speak with our experienced attorneys.

Question 5

Do I Need An Attorney To Draft The Contracts I Use In My Business Transactions?

Accepted Answer

Although the law does not require lawyers to draft and review business contracts, it can be helpful to consult with a business law attorney to ensure that your contracts contain clear and precise language. By investing a little time and money into the effectiveness of your contracts today, you are likely preventing yourself from potentially expensive and disastrous legal disputes in the future. If you need assistance with drafting or reviewing your business contracts, call Natural State Law, PLLC to get started.

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For more information about real estate law, probate, estate planning, aviation law, employment law, or business law, contact Natural State Law, PLLC today. Call (501) 916-2878 to speak with a dedicated Little Rock attorney.

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