Main Line: 479.443.2705
Fax Line: 479.443.2718
Email: info@rmp.law
Bentonville – 479-553-9800
Jonesboro – 870-394-5200
Little Rock – 501-954-9000
Main Line: 479.443.2705
Fax Line: 479.443.2718
Email: info@rmp.law
Bentonville – 479-553-9800
Jonesboro – 870-394-5200
Little Rock – 501-954-9000
Arkansas tax rules continue to shift, and what you can deduct in 2026 may look different than you expect. From individual write-offs to business-related deductions, small changes in the law can have a real impact on what stays in your pocket. This guide breaks down the Arkansas tax deductions worth paying attention to now, so you can plan ahead and avoid costly surprises later.
On Tuesday, the Federal Trade Commission issued a new Rule putting an end to employment-related non-compete clauses. In its justification for the rule, the FTC called non-compete clauses “an unfair method of competition” and stated it is a “violation for [employers] to… enter into non-compete clauses (“non-competes”) with workers.” In today’s very competitive labor market, the new FTC Rule creates a significant disruption for employers.
This new FTC provision—set to take effect in 120 days—renders existing non-compete agreements unenforceable. Existing non-compete agreements with senior executives will remain enforceable, although employers cannot require newly hired senior executives to sign such an agreement.
After the Rule takes effect, employers are required to deliver personal notice to employees (past and present) who signed a non-compete agreement informing them agreements are no longer enforceable. In the notice, employers must inform employees they are free to accept any job or start any business, even if it is directly competitive with the employer.
Compliance with the FTC Rule is not optional. Employers should consider new ways they can protect against a former employee gaining a competitive advantage by using the employer- provided training, the relationships made possible by the employer, or the confidential information learned from the employer. RMP can assist you in navigating this disruption and can provide advice on how to most effectively protect your vital business interests going forward.
RMP Attorneys At Law has an experienced Employment Law Attorney team dedicated to helping you navigate these changes. If you have any questions or would like guidance, reach out to one of our employment attorneys, Tim Hutchinson, Seth Haines, Larry McCredy, or Taylor Baltz or call 479.443.2705.
The start of a new year is one of the best times to review your estate plan. Changes in tax law, family circumstances, or finances can quickly render your current estate plan outdated. Leaving an outdated plan in place can frustrate many of the goals you set out to accomplish when you initially executed your estate plan. Consider this your reminder to review your estate plan this year to make sure it still aligns with your expectations.
This checklist highlights key estate planning issues Arkansas residents should evaluate when reviewing their estate plan.
Even well-drafted estate plans can become outdated. A yearly review helps ensure your plan still reflects:
Small changes now to address pieces of your estate plan that have become outdated can prevent major problems later.
Whether the foundation of your estate plan is a will or a trust, ask yourself:
Outdated documents can lead to unnecessary conflict and other unintended results.
You should also review beneficiary designations for:
Valid beneficiary designations generally control distribution of the relevant asset regardless of what your will or trust says. These should be reviewed annually and after major life events to ensure they are consistent with your larger estate planning goals.
Financial and healthcare powers of attorney should:
If these documents are missing or outdated, court involvement may be required during any periods of incapacity, and your wishes ultimately may not be honored.
How property is titled matters, particularly where your estate plan is concerned.
You should understand the following key forms of property ownership:
Like beneficiary designations, improper titling can undermine even a well-written estate plan. Make you know how you own your property and understand how that form of ownership fits within the larger context of your estate plan.
Federal and state tax rules change regularly. Recent changes may affect:
For example, just recently the federal unified estate and gift tax credit was increased to $15 million per taxpayer, to be adjusted for inflation. This change means many taxpayers will not owe estate tax at death and that other tax objectives should motivate their estate plan.
Your annual review should involve consideration of any major changes in tax laws to ensure your plan is adjusted accordingly.
It is a good rule of thumb to review your estate plan annually, but you should also revisit your estate plan upon major life events or changes. This includes if you have experienced:
Reviewing your estate plan regularly, and updating it as needed, helps ensure your wishes are carried out. Specifically, making the necessary updates can
You should consider seeking legal guidance to assist with your review and any necessary updates if:
Even if you have not previously executed an estate plan, you already have one—created for you by the laws of the state in which you live. This state-imposed estate plan may or may not align with your wishes. The new year is an ideal time to understand how state law would dispose of your property and to finally take the step of putting your own estate plan in place.
RMP Law works with Arkansas individuals and families to create and maintain estate plans that reflect current law and real-life circumstances. If you would like a assistance reviewing your estate plan or would like to tackle estate planning for the first time, call 479-443-2705 or contact us through our website.
Main RMP Number: 479-443-2705
Bentonville – 479-553-9800
Jonesboro – 870-394-5200
Little Rock – 501-954-9000
DISCLAIMER: The information provided on this website does not constitute legal advice. Instead, all information, content, and materials available on this site are for general informational purposes. Information on this website may not constitute the most up-to-date legal or other information. Readers of this website should contact their attorney to obtain advice with respect to any particular legal matter.
The start of a new year is one of the best times to review your estate plan. Changes in tax law, family circumstances, or finances can quickly render your current estate plan outdated. Leaving an outdated plan in place can frustrate many of the goals you set out to accomplish when you initially executed your estate plan. Consider this your reminder to review your estate plan this year to make sure it still aligns with your expectations.
This checklist highlights key estate planning issues Arkansas residents should evaluate when reviewing their estate plan.
Even well-drafted estate plans can become outdated. A yearly review helps ensure your plan still reflects:
Small changes now to address pieces of your estate plan that have become outdated can prevent major problems later.
Whether the foundation of your estate plan is a will or a trust, ask yourself:
Outdated documents can lead to unnecessary conflict and other unintended results.
You should also review beneficiary designations for:
Valid beneficiary designations generally control distribution of the relevant asset regardless of what your will or trust says. These should be reviewed annually and after major life events to ensure they are consistent with your larger estate planning goals.
Financial and healthcare powers of attorney should:
If these documents are missing or outdated, court involvement may be required during any periods of incapacity, and your wishes ultimately may not be honored.
How property is titled matters, particularly where your estate plan is concerned.
You should understand the following key forms of property ownership:
Like beneficiary designations, improper titling can undermine even a well-written estate plan. Make you know how you own your property and understand how that form of ownership fits within the larger context of your estate plan.
Federal and state tax rules change regularly. Recent changes may affect:
For example, just recently the federal unified estate and gift tax credit was increased to $15 million per taxpayer, to be adjusted for inflation. This change means many taxpayers will not owe estate tax at death and that other tax objectives should motivate their estate plan.
Your annual review should involve consideration of any major changes in tax laws to ensure your plan is adjusted accordingly.
It is a good rule of thumb to review your estate plan annually, but you should also revisit your estate plan upon major life events or changes. This includes if you have experienced:
Reviewing your estate plan regularly, and updating it as needed, helps ensure your wishes are carried out. Specifically, making the necessary updates can
You should consider seeking legal guidance to assist with your review and any necessary updates if:
Even if you have not previously executed an estate plan, you already have one—created for you by the laws of the state in which you live. This state-imposed estate plan may or may not align with your wishes. The new year is an ideal time to understand how state law would dispose of your property and to finally take the step of putting your own estate plan in place.
RMP Law works with Arkansas individuals and families to create and maintain estate plans that reflect current law and real-life circumstances. If you would like a assistance reviewing your estate plan or would like to tackle estate planning for the first time, call 479-443-2705 or contact us through our website.
Main RMP Number: 479-443-2705
Bentonville – 479-553-9800
Jonesboro – 870-394-5200
Little Rock – 501-954-9000
DISCLAIMER: The information provided on this website does not constitute legal advice. Instead, all information, content, and materials available on this site are for general informational purposes. Information on this website may not constitute the most up-to-date legal or other information. Readers of this website should contact their attorney to obtain advice with respect to any particular legal matter.
Main Line: 479.443.2705
Fax Line: 479.443.2718
Email: info@rmp.law
Bentonville – 479-553-9800
Jonesboro – 870-394-5200
Little Rock – 501-954-9000
JOHNSON
5519 Hackett Street, Suite 300
Springdale, AR 72762
BENTONVILLE
809 SW A Street, Suite 105
Bentonville, AR 72712
JONESBORO
710 Windover Road, Suite B
Jonesboro, AR 72401
LITTLE ROCK
17901 Chenal Parkway, Suite 200
Little Rock, AR 72223