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
Every Arkansas resident should have an estate plan to maintain control over how their assets, health care, and personal decisions are handled, especially in times of incapacity or death, rather than leaving those decisions to state law. Key steps include drafting a will, establishing trusts, setting powers of attorney, planning for Medicaid, and regularly updating the plan to prevent common pitfalls.
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.
Estate planning is a critical process that ensures your financial, medical, and personal affairs are administered in accordance with your wishes during any periods of incapacity and after your death. For Arkansas residents—including blended families, business owners, and even individuals with modest estates—a well-drafted estate plan can be beneficial, minimizing court involvement, streamlining asset distribution, reducing delays, and providing clarity to loved ones during times of uncertainty.
The essence of estate planning is maintaining control by designating who will make decisions on your behalf, who will receive your property, and how those decisions will be implemented. Without such a plan, state law will dictate the outcomes.
An estate plan is a legally binding set of documents and instructions governing the management and disposition of your assets, the appointment of fiduciaries, and the delegation of authority in the event of incapacity. At a minimum, it typically addresses:
Arkansas law recognizes holographic wills (i.e., will which are entirely handwritten and signed by the testator) if supported by testimony from three disinterested witnesses who can attest to the handwriting and signature of the testator. However, most practitioners recommend a typed will executed with two witnesses and utilizing self-proving affidavits to help ensure the admission of the will and a smoother probate administration.
Common estate planning missteps include:
Arkansas has enacted the Revised Uniform Fiduciary Access to Digital Assets Act, permitting fiduciary access to digital accounts if authorized in your estate planning documents. Consider utilizing each platform’s built-in legacy tools, which may override provisions in your estate plan.
Planning for the care of minor beneficiaries is twofold and requires consideration of both a physical guardian and a guardian of the minor’s property. Although the court must formally confirm any guardianship, your nomination carries significant weight in that process. Options for managing a minor’s inheritance include appointing a testamentary trustee to hold property on the minor’s behalf, creating a revocable trust during your lifetime, or utilizing the Arkansas Uniform Transfers to Minors Act.
Because of look-back rules, income caps, and potential penalties, Medicaid planning requires early and strategic action. Creation and funding of irrevocable trusts and other asset transfers must be coordinated with your overall estate and tax objectives.
Main RMP Number: 479-443-2705
Bentonville – 479-553-9800
Jonesboro – 870-394-5200
Little Rock – 501-954-9000
Engage legal counsel if you:
A well-structured estate plan is more than a set of documents—it is a carefully designed plan that protects your interests, preserves your wealth, and provides certainty for your loved ones. At RMP, we advise clients on wills, trusts, planning for incapacity and long-term care needs, and probate administration.To discuss your estate planning goals, contact us at 479.443.2705 or visit rmp.law. A brief consultation can clarify your options and set the foundation for a plan tailored to your objectives.
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.
Estate planning is a critical process that ensures your financial, medical, and personal affairs are administered in accordance with your wishes during any periods of incapacity and after your death. For Arkansas residents—including blended families, business owners, and even individuals with modest estates—a well-drafted estate plan can be beneficial, minimizing court involvement, streamlining asset distribution, reducing delays, and providing clarity to loved ones during times of uncertainty.
The essence of estate planning is maintaining control by designating who will make decisions on your behalf, who will receive your property, and how those decisions will be implemented. Without such a plan, state law will dictate the outcomes.
An estate plan is a legally binding set of documents and instructions governing the management and disposition of your assets, the appointment of fiduciaries, and the delegation of authority in the event of incapacity. At a minimum, it typically addresses:
Arkansas law recognizes holographic wills (i.e., will which are entirely handwritten and signed by the testator) if supported by testimony from three disinterested witnesses who can attest to the handwriting and signature of the testator. However, most practitioners recommend a typed will executed with two witnesses and utilizing self-proving affidavits to help ensure the admission of the will and a smoother probate administration.
Common estate planning missteps include:
Arkansas has enacted the Revised Uniform Fiduciary Access to Digital Assets Act, permitting fiduciary access to digital accounts if authorized in your estate planning documents. Consider utilizing each platform’s built-in legacy tools, which may override provisions in your estate plan.
Planning for the care of minor beneficiaries is twofold and requires consideration of both a physical guardian and a guardian of the minor’s property. Although the court must formally confirm any guardianship, your nomination carries significant weight in that process. Options for managing a minor’s inheritance include appointing a testamentary trustee to hold property on the minor’s behalf, creating a revocable trust during your lifetime, or utilizing the Arkansas Uniform Transfers to Minors Act.
Because of look-back rules, income caps, and potential penalties, Medicaid planning requires early and strategic action. Creation and funding of irrevocable trusts and other asset transfers must be coordinated with your overall estate and tax objectives.
Main RMP Number: 479-443-2705
Bentonville – 479-553-9800
Jonesboro – 870-394-5200
Little Rock – 501-954-9000
Engage legal counsel if you:
A well-structured estate plan is more than a set of documents—it is a carefully designed plan that protects your interests, preserves your wealth, and provides certainty for your loved ones. At RMP, we advise clients on wills, trusts, planning for incapacity and long-term care needs, and probate administration.To discuss your estate planning goals, contact us at 479.443.2705 or visit rmp.law. A brief consultation can clarify your options and set the foundation for a plan tailored to your objectives.
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
11601 Pleasant Ridge, #301,
Little Rock, AR 72212