Updating your estate plan following divorce
Hatfield Harris, PLLC | Rogers Bankruptcy Law Blog
by On Behalf of Hatfield Harris, PLLC
1M ago
Divorce is sometimes a complex process, especially if you have a substantial estate and a long-term marriage. One crucial part of the divorce process is updating your estate plan to reflect your new wishes accurately. Consider these documents that may need reflection. Will or trust Listing your spouse as the beneficiary or executor of your estate is common. However, once you decide to dissolve the marriage, you will need to name a new executor. Should you decide to remarry later on, you would likely want to update your will again. If you have a living trust, you can make changes to ensure your ..read more
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4 tips for small business owners to consider ahead of tax season
Hatfield Harris, PLLC | Rogers Bankruptcy Law Blog
by On Behalf of Hatfield Harris, PLLC
2M ago
While tax season is a time of celebration for many Americans eagerly awaiting their tax returns, it can be a time of stress for many business owners. The 2023 tax season presents unique situations of which business owners need to be aware this time around. By staying abreast of these new developments while keeping a bit of age-old wisdom in mind, you can make it through tax season without a hitch. 1. Be aware of the January tax bill for 2020 deferments Business owners who owe Social Security taxes deferred during 2020 must complete the remainder of their payments to the IRS by January 3, 2023 ..read more
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What happens if someone dies without a will in Arkansas?
Hatfield Harris, PLLC | Rogers Bankruptcy Law Blog
by On Behalf of Hatfield Harris, PLLC
2M ago
Writing a will is important for people of any financial background, especially those with young children and matters of guardianship to consider. If someone dies without a will, however, it can be difficult for the surviving family to navigate the distribution of assets afterward. Many people mistakenly believe that dying without a will means that their spouse will simply inherit everything. The situation tends to be more complicated, but you can gain a clear understanding of the process by learning what happens to someone's property if they die without a will in Arkansas. Who inherits propert ..read more
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Getting ready to announce your divorce to your kids
Hatfield Harris, PLLC | Rogers Bankruptcy Law Blog
by On Behalf of Hatfield Harris, PLLC
3M ago
Preparing for a divorce isn’t easy for anyone, but things get much more complex when you have children. Parents must think about how and when they will tell the kids about their split. Going into the discussion with the children is a little bit easier if you have a plan. Take the time to consider these points as you prepare to tell them about the divorce. Decide when to tell them Choosing a time to talk to the children is essential. You don’t want to have this conversation right before school or some major event in their life. Instead, choose a quiet time when they will be able to process ever ..read more
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Driving in Arkansas is giving consent 
Hatfield Harris, PLLC | Rogers Bankruptcy Law Blog
by On Behalf of Hatfield Harris, PLLC
4M ago
Driving is a privilege, not a right. You need to take and pass a test to get a license to be a legal driver. While studying to gain this privilege, you should also be familiar with a few other road laws. Arkansas is an implied consent state. This means that by simply operating a vehicle on the roadway, you agree to submit to chemical testing if you’re suspected of driving while intoxicated (DWI). While nobody can force you to blow on a breathalyzer, this doesn’t mean you should refuse one. Providing a sample Breathalyzers are commonly used when police suspect someone is under the inf ..read more
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Can the IRS hold you accountable if your spouse filed the taxes?
Hatfield Harris, PLLC | Rogers Bankruptcy Law Blog
by On Behalf of Hatfield Harris, PLLC
5M ago
As a married couple, you and your spouse share your home. You share income and personal property. You also most likely file a joint tax return. The process of filing taxes every year is both frustrating and time-consuming, so many people are quite happy to turn over that responsibility to their spouse when they get married. If your spouse offered to handle the taxes, you may have thanked them and simply signed your name on the return every year before sending it to the Internal Revenue Service (IRS). Now that your spouse faces tax evasion charges or you have received letters advising you of an ..read more
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How bankruptcy exemptions help you preserve your assets
Hatfield Harris, PLLC | Rogers Bankruptcy Law Blog
by On Behalf of Hatfield Harris, PLLC
6M ago
When you declare bankruptcy, you may be afraid of losing your assets. However, declaring bankruptcy is not supposed to strip you of all your belongings. Instead, it should provide a fresh start from the financial problems you may be facing by discharging most of your debts. This is the reason bankruptcy exemptions exist. They enable you to protect most or all of your assets since – realistically – most people who file bankruptcy don’t have a lot of assets to protect in the first place.   What assets can you exempt? You can protect a wide range of assets from bankruptcy with both fede ..read more
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How a divorce can affect your business in Arkansas
Hatfield Harris, PLLC | Rogers Bankruptcy Law Blog
by On Behalf of Hatfield Harris, PLLC
6M ago
When two people get married in Arkansas, they are perceived and operate as one entity. That's why you file your taxes together, are both liable for each other's debts and can confidently say that your partner's property is yours as much as it is theirs. Therefore, upon divorce, almost everything will be affected, including your business. Day-to-day operations Divorce is a really stressful process; you have everything to deal with, including your children, all your assets and debts, family, court deadlines and requirements, while your emotions are running high. You can easily be pulled away fro ..read more
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Can a police officer order you to let them in?
Hatfield Harris, PLLC | Rogers Bankruptcy Law Blog
by On Behalf of Hatfield Harris, PLLC
6M ago
Imagine that you’re at home, reading a book or watching television, when a police officer begins pounding on the door. You have no desire to engage with the police and you just want to quietly continue your evening. The officer asks if they can come in, and you politely decline. However, the officer is not happy with your answer and they order you to let them in the house. They tell you that you’re obligated to do what the police say or they will charge you with obstruction of justice or some similar charge. Do you have to do it? Do they have a warrant? If you find yourself in this situation ..read more
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Important documents to prepare for your child custody case
Hatfield Harris, PLLC | Rogers Bankruptcy Law Blog
by On Behalf of Hatfield Harris, PLLC
6M ago
Being over-prepared is always best when it comes to anything regarding the legal system. This includes child custody.  While some documents may be unneeded, it’s always best to have as much information as possible on hand. Being prepared and organized will not only reduce your stress, but it may help you achieve a more successful outcome for your case.  Written submissions You need a written submission that is presented to the court that outlines your position and what you would like the court to do. If you have documents that support your claims in the submission, be sure to include ..read more
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