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What happens when you disclaim a trust?

When you disclaim an inheritance, you will not receive the inheritance and it will instead pass onto the next Beneficiary. It is important to note that when you disclaim an inheritance, you do not get to choose who the Beneficiary will be in your place.

What is a disclaimer in wills?

In the law of inheritance, wills and trusts, a disclaimer of interest (also called a renunciation) is an attempt by a person to renounce their legal right to benefit from an inheritance (either under a will or through intestacy) or through a trust.

How long does it take to go through probate in Arkansas?

The probate process at the minimum takes approximately six to nine months to complete. If there are unique assets that require special attention, the process may take longer. The process can also be delayed due to unexpected problems that may arise. However, the process should not take more than 18 months.

Do wills have to be probated in Arkansas?

Does a Will Have to Be Probated in Arkansas? Yes, a will must be probated according to Arkansas code or it cannot be used to transfer ownership of the decedents property to their heirs.

What is the procedure of probate of the will?

One needs to submit certain documents that can verify the genuineness of the will, death certificate and other documents. These will prove that the testator had free will. When the court receives the application, it verifies all the details. Then it invites the nearest kin of the deceased for claiming the probate.

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