RMP LLP

𝗬𝗼𝘂’𝘃𝗲 𝘄𝗼𝗿𝗸𝗲𝗱 𝗵𝗮𝗿𝗱 𝘁𝗼 𝗯𝘂𝗶𝗹𝗱 𝘆𝗼𝘂𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀. 𝘞𝘩𝘰 𝘸𝘰𝘶𝘭𝘥 𝘵𝘢𝘬𝘦 𝘰𝘷𝘦𝘳 𝘪𝘧 𝘴𝘰𝘮𝘦𝘵𝘩𝘪𝘯𝘨 𝘩𝘢𝘱𝘱𝘦𝘯𝘦𝘥 𝘵𝘰 𝘺𝘰𝘶?
When an Arkansas LLC owner dies, inheriting an ownership interest does not always mean inheriting the authority to run the company. Your operating agreement and estate plan can help clarify what happens next.
𝗟𝗲𝗮𝗿𝗻 𝗵𝗼𝘄 𝗽𝗹𝗮𝗻𝗻𝗶𝗻𝗴 𝗮𝗵𝗲𝗮𝗱 𝗰𝗮𝗻 𝗽𝗿𝗼𝘁𝗲𝗰𝘁 𝘆𝗼𝘂𝗿 𝗳𝗮𝗺𝗶𝗹𝘆 𝗮𝗻𝗱 𝘆𝗼𝘂𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀:
https://rmp.law/what-happens-to-an-arkansas-llc-when-an-owner-dies/

🏡 𝗜𝘀 𝗶𝘁 𝗽𝗼𝘀𝘀𝗶𝗯𝗹𝗲 𝗳𝗼𝗿 𝗮𝗻 𝗔𝗿𝗸𝗮𝗻𝘀𝗮𝘀 𝗯𝗲𝗻𝗲𝗳𝗶𝗰𝗶𝗮𝗿𝘆 𝘁𝗼 𝘀𝗶𝗱𝗲𝘀𝘁𝗲𝗽 𝗽𝗿𝗼𝗯𝗮𝘁𝗲 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝘂𝘀𝗲 𝗼𝗳 𝗮 𝗱𝗲𝗲𝗱?

In theory, yes. A beneficiary deed puts real estate in the hands of the named beneficiary upon the owner’s passing, yet the owner retains full control while living. The trouble is that any misstep in how the document is drafted or recorded, or in how it aligns with the rest of the estate plan, can create issues.

For a better understanding of how these deeds are put to work in Arkansas and what one should be on the lookout for, 𝘁𝗵𝗲 𝗳𝗼𝗹𝗹𝗼𝘄𝗶𝗻𝗴 𝗿𝗲𝘀𝗼𝘂𝗿𝗰𝗲 𝗶𝘀 𝘄𝗼𝗿𝘁𝗵 𝗮 𝗿𝗲𝗮𝗱:
https://rmp.law/arkansas-beneficiary-deeds-how-they-work-benefits-and-common-mistakes/

⚖️ 𝗜𝘀 𝗮 𝗳𝘂𝗹𝗹 𝗽𝗿𝗼𝗯𝗮𝘁𝗲 𝗶𝗻 𝗼𝗿𝗱𝗲𝗿 𝗳𝗼𝗿 𝗲𝘃𝗲𝗿𝘆 𝗔𝗿𝗸𝗮𝗻𝘀𝗮𝘀 𝗲𝘀𝘁𝗮𝘁𝗲?

In many cases, no. For an estate of $100,000 or under, the state’s small-estate procedure offers a more streamlined way for families to put assets in order and effect transfers without the burden of a complete probate administration.

Of course, one has to look at the specifics to determine eligibility; things like the nature of the assets in the probate estate, any debts left behind and the family’s own situation will be determinative.

𝗧𝗼 𝘀𝗲𝗲 𝗶𝗳 𝗮 𝘀𝗺𝗮𝗹𝗹 𝗲𝘀𝘁𝗮𝘁𝗲 𝗮𝗳𝗳𝗶𝗱𝗮𝘃𝗶𝘁 𝗶𝘀 𝘃𝗶𝗮𝗯𝗹𝗲 𝗼𝗿 𝗶𝗳 𝘆𝗼𝘂 𝗮𝗿𝗲 𝗳𝗮𝗰𝗲𝗱 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝗻𝗲𝗲𝗱 𝗳𝗼𝗿 𝗳𝗼𝗿𝗺𝗮𝗹 𝗽𝗿𝗼𝗯𝗮𝘁𝗲, 𝗵𝗮𝘃𝗲 𝗮 𝗹𝗼𝗼𝗸 𝗵𝗲𝗿𝗲:
https://rmp.law/arkansas-small-estates-when-families-may-avoid-full-probate/

We are genuinely excited to announce that 21 of our attorneys have been recognized in the 2027 editions of The Best Lawyers in America.

18 of our attorneys are listed in Best Lawyers in America. 3 are recognized in Best Lawyers: Ones to Watch in America, which highlights attorneys in their first ten years of practice. The great thing about Best Lawyers in America is that the recognition is based entirely on peer review, which is such an honor for the RMP Team.

𝗦𝗲𝗲 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝗹𝗶𝘀𝘁: https://rmp.law/2027-edition-of-best-lawyers-in-america-honors-21-rmp-attorneys/

𝗜𝗻𝗵𝗲𝗿𝗶𝘁𝗲𝗱 𝗮 𝗵𝗼𝗺𝗲, 𝗹𝗮𝗻𝗱, 𝗼𝗿 𝗼𝘁𝗵𝗲𝗿 𝗿𝗲𝗮𝗹 𝗲𝘀𝘁𝗮𝘁𝗲 𝗶𝗻 𝗔𝗿𝗸𝗮𝗻𝘀𝗮𝘀? Before selling or transferring it, make sure you know who has the legal authority to act.
How the property was titled, whether probate is required, outstanding debts or liens, and disagreements among heirs can all affect what happens next. Taking the right steps early can help prevent title problems, delayed closings, and costly disputes.
Learn more: https://rmp.law/inherited-property-in-arkansas-what-families-should-know-before-selling-or-transferring-real-estate/

When heirs disagree, probate can become more complicated, costly, and emotionally difficult.

Disputes may involve the validity of a will, the actions of an executor, the value or sale of property, or how estate assets should be distributed. 𝗨𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝗵𝗼𝘄 𝗔𝗿𝗸𝗮𝗻𝘀𝗮𝘀 𝗽𝗿𝗼𝗯𝗮𝘁𝗲 𝗱𝗶𝘀𝗽𝘂𝘁𝗲𝘀 𝗮𝗿𝗲 𝗵𝗮𝗻𝗱𝗹𝗲𝗱 𝗰𝗮𝗻 𝗵𝗲𝗹𝗽 𝗳𝗮𝗺𝗶𝗹𝗶𝗲𝘀 𝗽𝗿𝗼𝘁𝗲𝗰𝘁 𝘁𝗵𝗲𝗶𝗿 𝗿𝗶𝗴𝗵𝘁𝘀 𝗮𝗻𝗱 𝗱𝗲𝘁𝗲𝗿𝗺𝗶𝗻𝗲 𝘁𝗵𝗲 𝗯𝗲𝘀𝘁 𝗽𝗮𝘁𝗵 𝗳𝗼𝗿𝘄𝗮𝗿𝗱.

Learn more: https://rmp.law/probate-disputes-in-arkansas-what-happens-when-heirs-disagree/

𝗦𝘂𝗺𝗺𝗲𝗿 𝗵𝗶𝗿𝗶𝗻𝗴 𝘀𝗲𝗮𝘀𝗼𝗻 𝗶𝘀 𝗵𝗲𝗿𝗲 𝗮𝗻𝗱 𝗶𝗳 𝘆𝗼𝘂'𝗿𝗲 𝗯𝗿𝗶𝗻𝗴𝗶𝗻𝗴 𝗼𝗻 𝘀𝗲𝗮𝘀𝗼𝗻𝗮𝗹 𝘄𝗼𝗿𝗸𝗲𝗿𝘀 𝗶𝗻 𝗔𝗿𝗸𝗮𝗻𝘀𝗮𝘀, 𝙞𝙩’𝙨 𝙞𝙢𝙥𝙤𝙧𝙩𝙖𝙣𝙩 𝙩𝙤 𝙪𝙣𝙙𝙚𝙧𝙨𝙩𝙖𝙣𝙙 𝙩𝙝𝙚 𝙚𝙢𝙥𝙡𝙤𝙮𝙢𝙚𝙣𝙩 𝙡𝙖𝙬𝙨 𝙗𝙚𝙛𝙤𝙧𝙚 𝙤𝙣𝙗𝙤𝙖𝙧𝙙𝙞𝙣𝙜 𝙗𝙚𝙜𝙞𝙣𝙨. From wage and hour compliance to youth employment considerations, preparation now can help avoid costly issues later.

Our latest blog outlines what Arkansas employers should know before hiring summer workers.

𝗥𝗲𝗮𝗱 𝗺𝗼𝗿𝗲: https://rmp.law/arkansas-employment-laws-what-employers-need-to-know-before-bringing-on-summer-workers/

What happens to a home, rental property, or family land when someone passes away?
In Arkansas, the answer depends on how the property is titled, whether an estate plan is in place, and whether debts, liens, or multiple heirs are involved. Probate can also affect who maintains the property, whether it can be sold, and how ownership is ultimately transferred.
𝗟𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲: https://rmp.law/what-happens-to-real-estate-during-probate-in-arkansas/

Without a clear estate and succession plan, your company could face uncertainty, delays, and difficult decisions at the moment stability matters most.
Our latest article outlines key planning considerations for Arkansas business owners, including ownership transfers, management authority, buy-sell agreements, and business continuity.
𝗥𝗲𝗮𝗱 𝗺𝗼𝗿𝗲:https://rmp.law/estate-planning-for-arkansas-business-owners-what-happens-to-your-company-if-something-happens-to-you/

RMP Law Managing Partner Joseph Reece was recently featured in Talk Business & Politics’ “Then and Now” series.
The article explores his career, leadership approach, and the values that have helped guide RMP Law’s growth across Arkansas.
𝗥𝗲𝗮𝗱 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝗳𝗲𝗮𝘁𝘂𝗿𝗲:

Then and Now: Joseph Reece manages growth at RMP Law - Talk Business & Politics Starting his law firm in 2005 was challenging for Joseph Reece. But he says that pivotal moment paid off. He founded RMP Law with partners Lee Moore and Neal Pendergraft,...