Arkansas Release of Lis Pendens
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How to fill out Release Of Lis Pendens?
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FAQ
(a) A trustee shall keep the qualified beneficiaries of the trust reasonably informed about the administration of the trust and of the material facts necessary for them to protect their interests.
If you don't have a Will, the default order of descent goes like this: (1) full blood and adopted children of the decedent, subject to any dower, curtesy, and homestead interest of a spouse; (2) if no full blood or adopted children, then everything to a spouse of greater than three years or half of everything plus ...
It provides that insurance and annuity proceeds payable to a slayer as the beneficiary or an assignee of the policy shall be forfeited by the slayer, The funds would instead be paid to the the decedent's estate. The Arkansas definition of a "slayer" in section 18- 4- 202 of the Akansas code.
If you later change your mind about who you want to inherit the property, you are not locked in. You have two options: (1) sign and record a revocation or (2) record another beneficiary deed, leaving the property to someone else. You cannot use your will to revoke or override a beneficiary deed.
At your death, the real estate goes automatically to the person you named to inherit it (your "grantee" or "beneficiary"), without the need for probate court proceedings. (Ark. Code Ann. § 18-12-608.)
