Estate Planning News

Key Provisions in SECURE Act to Affect Retirement Plans

2020-01-14

By Jeremiah D. Wood (Employee Benefits) & Sarah Cotton Patterson (Trust & Estate Planning)

As you may have heard, Congress recently passed — and the President signed into law — the SECURE Act, which is landmark legislation that affects the rules for creating and maintaining employer sponsored retirement plans. SECURE stands for the Setting Every Community Up for Retirement Enhancement Act. The SECURE Act is generally effective January 1, 2020.

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Chambers HNW Ranks Firm/Attorneys in Private Wealth Law

2019-08-05

Chambers and Partners© has recognized Friday, Eldredge & Clark and five of the firm’s trust and estate planning attorneys in its 2019 edition of Chambers High Net Worth Guide. The guide covers private wealth management work in key areas around the world, and its rankings are based on extensive research and in-depth interviews with clients and industry leaders. In addition to the individual attorneys recognized, the firm received the highest ranking awarded by Chambers.

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Friday, Eldredge & Clark Announces New Partners

2019-01-02

Friday, Eldredge & Clark, LLP announced today that three attorneys have been elected to the firm’s partnership: Angela Artherton, Katie Watson Bingham and Tyler D. Bone.

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Katelyn M. Eaves Speaks at NWA Events

2018-11-29

Attorney Katelyn M. Eaves has become the “go-to” speaker in NWA for trust and estate matters, especially on issues related to nonprofit law. In the last few months, Katie has spoken at six different events that were attended by attorneys, students, nonprofit workers, tax professionals and community leaders.

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Tax Reform May Have a Negative Impact on Nonprofits

2018-10-22

By Katie Watson Bingham 
Published in Arkansas Business (Oct. 22, 2018)

The 2017 Tax Cuts & Jobs Act will have a significant impact on individuals, businesses and nonprofits, but the latter may experience the most negative effects.

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Attorney Katie Watson Bingham Chosen for LR Leadership Program

2018-09-27

The Little Rock Regional Chamber has announced Attorney Katie Watson Bingham as a member of the Leadership Greater Little Rock Class XXXIV earlier today at an event held at the William J. Clinton Presidential Center.

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Firm to Host Tax Seminar in NWA Nov. 13

2018-09-27

Friday, Eldredge & Clark, LLP will host its Tax Update Seminar in Rogers on Tuesday, Nov. 13 from 8 a.m. to 4:45 p.m. This one-day comprehensive program highlights the most important and up-to-date information on tax law. 

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Tax Update Seminar Planned in LR for Nov. 6

2018-09-26

Friday, Eldredge & Clark, LLP will host its annual Tax Update Seminar in Little Rock on Tuesday, Nov. 6  from 8 a.m. to 4:45 p.m. at the UA Little Rock Bowen School of Law. This one-day comprehensive program highlights the most important and up-to-date information on tax law. 

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Sarah Patterson Named UA Little Rock Adjunct Professor of Law

2018-08-23

Sarah Cotton Patterson has been appointed as an adjunct professor of tax law at the UA Little Rock William H. Bowen School of Law for the 2018-2019 school year. Sarah is a partner at Friday, Eldredge & Clark, LLP and has practiced law for 17 years as part of the firm’s Trust and Estate Planning Practice Group.

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Attorney Katelyn Eaves Named "Forty Under 40" in NWA

2018-08-20

Katelyn M. Eaves has been named to Northwest Arkansas Business Journal’s “Forty Under 40” class of 2018. 

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Katie Watson Bingham Accepted into ACTEC’s Heart of America Fellows Institute

2018-08-03

Katie Watson Bingham, an associate at Friday, Eldredge & Clark, LLP, has been accepted into the inaugural class of the Heart of America Fellows Institute of the American College of Trust and Estate Counsel (ACTEC).

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Chambers and Partners Ranks Firm in Private Wealth Law

2018-07-20

Chambers and Partners© has recognized Friday, Eldredge & Clark and four of the firm’s trust and estate planning attorneys in its 2018 edition of Chambers High Net Worth Guide.

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Planning is Essential When Transferring a Business

2018-05-30

By Sarah Cotton Patterson
Published in Arkansas Business

If you own a closely held business, determining the best manner to transfer the ownership, either because of retirement or death, can be difficult. Whether you have a family-owned business where certain family members are more involved than others, or a closely held business with partners who are not family members, creating a plan to transition ownership is imperative for your financial well-being, family harmony and the ongoing success of your business.

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Katelyn Eaves Speaks to Nonprofits About Board Member Responsibilities

2018-05-15

Trust and Estate Planning Attorney Katelyn Eaves spoke recently to nonprofit organizations at two events in Northwest Arkansas.

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Firm Co-Hosts Tax Relief Party for CPAs

2018-04-27

On Wednesday, April 25, 2018 the firm co-hosted the Tax Relief Party with Legacy Capital for local CPAs to celebrate the end of the tax season.

The annual event, which is held at Cajun's Wharf each year, provides a great backdrop for colleagues, friends and clients to socialize outside the office.

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Safeguarding the Family Farm for the Next Generation

2018-03-28

By Sarah Cotton Patterson
Published in Arkansas Bakers Magazine

You have probably spent most of your life working on your family farm.  You helped your parents, grandparents, and siblings do all the things that a family farm requires.  You do not get to take vacation days, sick days or “I don’t want to work” days.  If you don’t do it, who will?  Who will prepare the field, harvest the crops, or feed the livestock?  Who will fix the broken fence or pay the bills?  So what happens if you have a sick day, or worse, you die?  Who will own the property and the business?  Who will get up on that day and take over the crops or the livestock and continue the life’s work you have built? 

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IRS Tax Tip: Don’t Fall for Scam Calls and Emails Posing as IRS

2018-03-26

By the International Revenue Service (issued March 13, 2018)

Scammers and cyberthieves continue to use the IRS as bait. The most common tax scams are phone calls and emails from thieves who pretend to be from the IRS. Scammers use the IRS name, logo, fake employee names and badge numbers to try to steal money and identities from taxpayers.

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IRS Tax Tip: Contribute to IRA by Tax-Filing Deadline to Claim for 2017

2018-03-26

By the International Revenue Service (issued March 20, 2018)

The Internal Revenue Service reminded taxpayers today that it’s not too late to contribute to an Individual Retirement Arrangement (IRA) and still claim it on a 2017 tax return. Anyone with an IRA may be eligible for a tax credit or deduction on their 2017 tax return if they make contributions by April 17, 2018.

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IRS Tax Tip: Be Alert About Fake Charities Scams

2018-03-26

By the International Revenue Service (issued March 9, 2018)

The Internal Revenue Service today warned taxpayers against scam groups masquerading as charitable organizations, luring people to make donations to groups or causes that don't actually qualify for a tax deduction.

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New Tax Reform Explained – How Will the Changes Affect You?

2018-03-21

By Katie Watson and Katelyn M. Eaves

The Tax Cuts and Jobs Act (2017 Tax Act) may have been signed into law a few months ago, but many are still left with questions on how the changes will affect them personally and professionally. Below we provide a summary of the income and tax provisions in the 2017 Tax Act and what affect they may have on individuals.

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IRS Issues End of the Year Reminders for Taxpayers

2017-12-27

As the end of the year approaches, so are the last days to take actions that will impact your tax returns for 2017. Below we have republished a news release from the Internal Revenue Service that gives taxpayers reminders of things you should be doing now to get ready for tax season.

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Allison Cornwell Named Fellow by ACTEC

2017-10-30

Appointment Makes Seventh for Firm’s Trust & Estate Practice Group

Friday, Eldredge & Clark is proud to announce attorney Allison Cornwell has been named a Fellow of the American College of Trust and Estate Counsel (ACTEC).  This appointment demonstrates her high level of experience in estate and trust law and the degree to which her peers view her work in the profession.

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Chambers and Partners Ranks Firm Highest in Private Wealth Law

2017-09-15

Three Attorneys Recognized as "Leaders in Their Fields" 

Chambers and Partners has recognized Friday, Eldredge & Clark and three of the firm’s attorneys in its 2017 edition of Chambers High Net Worth. The firm is the only Band 1 firm, which is the highest ranking in Chambers, and out of seven ranked attorneys in private wealth law, three are from the firm. The attorneys who are named “leaders in their fields” are Byron M. Eiseman Jr.Tom Baxter and J. Lee Brown.

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Katie Watson Writes About Digital Assets & Estate Planning in Ark Business

2017-08-14

Attorney Katie Watson's article on the Revised Uniform Fiduciary Access to Digital Assets Act was featured in this week's (August 14-18) Arkansas Business. The article explains what happens to these assets in terms of estate planning and what actions you should take now to ensure your assets are in the right hands later.

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Tips on Funding Your Revocable Trust

2017-08-02

You’ve executed your revocable trust – does that make you probate-proof? No. You still have to fund your trust. Funding your revocable trust (i.e., transferring your assets to your revocable trust) is the only way to ensure that you are probate proof. It is a good idea to review your assets each year to make sure there are not any assets out there that could potentially be subject to probate. Here are a few funding pointers: An individually owned real property should be deeded over to your revocable trust, or, alternatively, a beneficiary deed transferring the real property to your revocable trust upon your death should be executed.

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Business Succession Planning Important for Business Owners

2017-07-24

You do not want the business you have worked so hard to build to implode because of your death. That is why succession planning is so important. For business owners, succession planning may be as important as tax planning.

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Busting the Most Common Estate Planning Myths

2017-07-17

The Trust & Estate Planning Attorneys at Friday, Eldredge & Clark have compiled a list of the most common myths in their industry so clients can address these matters in a timely manner.

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2017 Ark Legislative Update on Estate Planning Issues

2017-07-13

The Arkansas Legislature passed two new estate planning-related acts during the Spring 2017 Legislative Session: The Revised Uniform Fiduciary Access to Digital Assets Act and the Dynasty Trust Act. A few highlights from these acts are outlined in this story.

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Firm Welcomes New Attorneys

2017-05-02

Friday, Eldredge & Clark, LLP welcomes three new attorneys to the firm: Kael K. Bowling; Katelyn M. Eaves and Allison C. Pearson.

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Estate Attorney Speaks to North Pulaski Retired Teachers Association

2017-04-11

K. Coleman Westbrook Jr. spoke recently to members of the North Pulaski Retired Teachers Association in Jacksonville. Coleman, who has spoken to the group in the past, addressed some of the common trust and estate planning issues. Some of the topics covered including power of attorney, living wills, terminally ill proxy, anatomical gifts, asset disposition, wills and final disposition.

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Attorney Named Fellow by The American College of Trust and Estate Counsel

2017-03-23

Friday, Eldredge & Clark is proud to announce attorney Sarah Cotton Patterson has been named a Fellow of the American College of Trust and Estate Counsel (ACTEC). This appointment reflects her deep knowledge of trust and estate planning law and her positive reputation in the legal community.

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Mid-South Super Lawyers Name 34 Attorneys to Annual List

2016-11-10

Mid-South Super Lawyers named 34 Friday, Eldredge & Clark’s attorneys to their annual listing of top lawyers. In addition, Laura Hensley Smith was named one of the “Top 5o: 2016 Women in the Mid-South” and Donald H. Bacon, Kevin A. Crass, William M. Griffin III, James M. Simpson, Jr., Frederick S. Ursery and William A. Waddell, were named “Top 50: 2016 Arkansas.”

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Firm Tops List of U.S. News and Best Lawyers "Best Law Firms" in State

2016-11-02

Friday, Eldredge & Clark, LLP has been ranked in the 2017 U.S. News - Best Lawyers® "Best Law Firms" list regionally in 41 practice areas, which is the most of any other law firm in the state. Ranked firms, presented in tiers, are listed on a national and/or metropolitan scale. Receiving a tier designation reflects the high level of respect a firm has earned among other leading lawyers and clients in the same communities and the same practice areas for their abilities, their professionalism and their integrity.

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52 Friday, Eldredge & Clark, LLP Attorneys Named to The Best Lawyers in America© 2017

2016-08-22

Friday, Eldredge & Clark, LLP is pleased to announce that 52 lawyers have been named to The Best Lawyers in America© 2017, the oldest and one of the most respected peer-review publications in the legal profession. Best Lawyers has published their list for over three decades. The lawyers on the list are reviewed by their peers on the basis of professional expertise and undergo an authentication process to make sure they are in current practice and in good standing. Following is a listing, by practice area, of the lawyers named to the list for 2017, along with their location:

 

Specialty

Lawyer Name

Little Rock

 
Appellate Practice Robert S. Shafer
   
Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law Harry A. Light
   
Bet-the-Company Litigation Kevin A. Crass
Bet-the-Company Litigation William Mell Griffin III
Bet-the-Company Litigation Christopher J. Heller
Bet-the-Company Litigation Elizabeth Robben Murray
Bet-the-Company Litigation James M. Simpson
Bet-the-Company Litigation William A. Waddell, Jr.
   
Commercial Litigation Kevin A. Crass
Commercial Litigation William Mell Griffin III
Commercial Litigation Christopher J. Heller
Commercial Litigation Elizabeth Robben Murray
Commercial Litigation William A. Waddell, Jr.
Commercial Litigation David D. Wilson
   
   
Corporate Law Paul B. Benham III
Corporate Law Walter M. Ebel III
Corporate Law Price C. Gardner
   
Education Law Khayyam M. Eddings
Education Law Christopher J. Heller
Education Law Ellen Owens Smith
   
Employee Benefits (ERISA) Law David M. Graf
Employee Benefits (ERISA) Law Joseph B. Hurst, Jr.
Employee Benefits (ERISA) Law Alexandra A. Ifrah
Employee Benefits (ERISA) Law A. Wyckliff Nisbet, Jr.
   
Employment Law - Individuals Khayyam M. Eddings
Employment Law - Individuals Elizabeth Robben Murray
   
Employment Law - Management Oscar E. Davis, Jr.
Employment Law - Management Khayyam M. Eddings
Employment Law - Management Christopher J. Heller
Employment Law - Management Daniel L. Herrington
Employment Law - Management Michael S. Moore
Employment Law - Management Elizabeth Robben Murray
Employment Law - Management Frederick S. Ursery
Employment Law - Management H. Wayne Young
   
First Amendment Law James M. Simpson
   
Franchise Law William A. Waddell, Jr.
   
Health Care Law Bruce B. Tidwell
   
Insurance Law James C. Baker, Jr.
   
Labor Law - Management Oscar E. Davis, Jr.
Labor Law - Management Daniel L. Herrington
Labor Law - Management Michael S. Moore
   
Legal Malpractice Law - Defendants Donald H. Bacon
   
Litigation - Antitrust James M. Simpson
   
Litigation - Banking and Finance William A. Waddell, Jr.
   
Litigation - Bankruptcy Harry A. Light
   
Litigation - Labor and Employment Christopher J. Heller
Litigation - Labor and Employment Daniel L. Herrington
Litigation - Labor and Employment Michael S. Moore
Litigation - Labor and Employment Elizabeth Robben Murray
Litigation - Labor and Employment Frederick S. Ursery
Litigation - Labor and Employment H. Wayne Young
   
Litigation - Securities Kevin A. Crass
   
Litigation - Trusts and Estates Allison J. Cornwell
Litigation - Trusts and Estates Sarah Cotton Patterson
   
Litigation and Controversy - Tax Price C. Gardner
   
Media Law James M. Simpson
   
Medical Malpractice Law - Defendants Michelle Ator
Medical Malpractice Law - Defendants Donald H. Bacon
Medical Malpractice Law - Defendants Bradley S. Runyon
Medical Malpractice Law - Defendants Laura Hensley Smith
Medical Malpractice Law - Defendants J. Adam Wells
   
Mergers and Acquisitions Law Paul B. Benham III
Mergers and Acquisitions Law Walter M. Ebel III
   
Municipal Law J. Shepherd Russell III
   
Non-Profit / Charities Law Byron M. Eiseman, Jr.
Non-Profit / Charities Law Sarah Cotton Patterson
Non-Profit / Charities Law K. Coleman Westbrook, Jr.
   
Personal Injury Litigation - Defendants Michelle Ator
Personal Injury Litigation - Defendants Donald H. Bacon
Personal Injury Litigation - Defendants James C. Baker, Jr.
Personal Injury Litigation - Defendants Kevin A. Crass
Personal Injury Litigation - Defendants William Mell Griffin III
Personal Injury Litigation - Defendants Joseph P. McKay
Personal Injury Litigation - Defendants James M. Simpson
Personal Injury Litigation - Defendants Laura Hensley Smith
Personal Injury Litigation - Defendants Guy Alton Wade
Personal Injury Litigation - Defendants David D. Wilson
Personal Injury Litigation - Defendants Frederick S. Ursery
   
Personal Injury Litigation - Plaintiffs Frederick S. Ursery
   
Project Finance Law J. Shepherd Russell III
   
Public Finance Law Robert B. Beach, Jr.
Public Finance Law Ryan Bowman
Public Finance Law Thomas P. Leggett
Public Finance Law J. Shepherd Russell III
   
Railroad Law Joseph P. McKay
Railroad Law Scott H. Tucker
Railroad Law Frederick S. Ursery
   
Real Estate Law James C. Clark
Real Estate Law Price C. Gardner
Real Estate Law James M. Saxton
Real Estate Law Jay T. Taylor
   
Securities / Capital Markets Law Paul B. Benham III
Securities / Capital Markets Law Walter M. Ebel III
Securities / Capital Markets Law Robert T. Smith
   
Securities Regulation Paul B. Benham III
   
Securitization and Structured Finance Law J. Shepherd Russell III
   
Tax Law J. Lee Brown
Tax Law Bryan W. Duke
Tax Law Walter M. Ebel III
Tax Law Byron M. Eiseman, Jr.
Tax Law Price C. Gardner
Tax Law Robert T. Smith
   
Trade Secrets Law Elizabeth Robben Murray
   
Trusts and Estates W. Thomas Baxter
Trusts and Estates J. Lee Brown
Trusts and Estates Allison J. Cornwell
Trusts and Estates Byron M. Eiseman, Jr.
Trusts and Estates Sarah Cotton Patterson
Trusts and Estates K. Coleman Westbrook, Jr.
   
Workers' Compensation Law - Employers Guy Alton Wade
   

Fayetteville

 
Appellate Practice R. Christopher Lawson
   
Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law Jason N. Bramlett
   
Bet-the-Company Litigation Clifford W. Plunkett
   
Commercial Litigation Clifford W. Plunkett
   
Personal Injury Litigation - Defendants Clifford W. Plunkett
   

Rogers

 
Commercial Litigation Marshall S. Ney
   
Litigation - Banking and Finance Marshall S. Ney
   
Litigation - Bankruptcy Marshall S. Ney
   
Litigation - Intellectual Property Marshall S. Ney
   
Litigation - Labor and Employment Marshall S. Ney

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Friday, Eldredge & Clark, LLP Attorneys Listed in Chambers USA America’s Leading Lawyers for Business 2016 Edition

2016-05-31

Friday, Eldredge & Clark, LLP is pleased to announce that Chambers and Partners, Legal Publishers, recently released its Chambers USA 2016 edition, an annual listing of America’s Leading Lawyers for Business. Friday, Eldredge & Clark was highly ranked in all four categories in which rankings are published – Corporate/Commercial, Labor & Employment, Litigation, and Real Estate. Twenty-four individual lawyers in the firm were recognized in eight categories, with several lawyers listed in more than one category.

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Friday, Eldredge & Clark Attorneys, Practice Groups Ranked in 2015 Chambers USA

2015-06-08

Friday, Eldredge & Clark LLP is ranked in four practice groups in the 2015 edition of Chambers USA: A Guide To Americas Leading Lawyers for Business. In addition, 23 of the firms attorneys received individual rankings in the publication. Friday, Eldredge & Clarks rankings page, including client commentary about individuals ...

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