Individuals appointed as fiduciaries have the legal and ethical responsibility to act in the best interest of the principal — the person who has granted them the power of attorney. This entails managing the principal's assets, avoiding conflicts of interest, and ensuring transparency in all transactions.
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Understanding Legal Capacity and Dementia
At Bond Law Office, we understand that dementia can bring about significant changes in a person's life, affecting their ability to make informed decisions. As a law firm with deep roots in Fayetteville and Fort Smith, and serving clients throughout River Valley, Harrison, Eureka Springs, Clarksville, Waldron, Mena, and Van Buren, Arkansas, we're committed to providing comprehensive guidance on this complicated issue.
Bankruptcy FAQs
Facing financial difficulties is never easy. It can be a time of great stress and uncertainty. However, you do have options. Bankruptcy is made to provide people with a fresh start, freeing them from overwhelming debt. The key is understanding all your options and making the decision that's right for you.
Hiding Assets in Bankruptcy
Whether you have debts due to personal hardships, unexpected expenses, or business challenges, bankruptcy offers legal protection and a structured plan to repay or eliminate debts. It's not an admission of defeat, but a strategic step towards financial recovery.
Are Handwritten Documents Valid in Estate Planning?
If you’re thinking of drafting a will in Arkansas, you may be thinking about how to ensure that your will is valid. And if your relative has left behind an unusual will—such as a will in their own writing—you might have questions about the laws surrounding handwritten wills in Arkansas. If you need advice, contact us at Bond Law Office, serving the Arkansas River Valley with locations in Fayetteville and Fort Smith.
My Parent Remarried. Will the New Spouse Inherit Everything?
Seeing your widowed or divorced parent find love again and marry their new partner can be both happy and anxiety-inducing. While you may be happy about their new relationship, you may also wonder whether the new spouse, half-siblings, or stepchildren will make you lose your potential inheritance.
Why an Attorney Is Important When Filing for Bankruptcy
In Arkansas, filing for bankruptcy is among the promising options for individuals and businesses facing financial adversity to seek debt relief.
Will Bankruptcy Discharge My Tax Debt?
Anyone contemplating filing for bankruptcy should take the time to thoroughly evaluate all their options before making a final decision. Although bankruptcy can be the right choice for many people, it’s essential to understand both the benefits and drawbacks of filing.
Common Misconceptions About Probate
If you’ve lost a loved one or have been named a beneficiary in someone’s will and you get notification that the will is going through probate proceedings, you may wonder what that entails.
Medical Debt & Bankruptcy
Healthcare debt is the leading cause of bankruptcy in America. Thousands of families face bankruptcy each year due to the overwhelming burden of hospital bills and medical expenses. Often, bankruptcy may be the only way out. A practiced attorney can help advise you of your options when filing for bankruptcy; that way, you can look to a brighter future.