Fillable Arkansas Last Will and Testament

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Arkansas Last Will and Testament

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Arkansas Last Will and Testament
of
___________________________________
Pursuant to Title 28 - Wills, Estates, and Fiduciary Relationships
I, ________________________, resident in the City of ____________________,
County of ____________________, State of Arkansas being of sound mind, not acting
under duress or undue influence, and fully understanding the nature and extent of all my
property and of this disposition thereof, do hereby make, publish, and declare this
document to be my Last Will and Testament, and hereby revoke any and all other wills
and codicils heretofore made by me.
I. EXPENSES & TAXES
I direct that all my debts, and expenses of my last illness, funeral, and burial, be paid as
soon after my death as may be reasonably convenient, and I hereby authorize my
Personal Representative, hereinafter appointed, to settle and discharge, in his or her
absolute discretion, any claims made against my estate.
I further direct that my Personal Representative shall pay out of my estate any and all
estate and inheritance taxes payable by reason of my death in respect of all items
included in the computation of such taxes, whether passing under this Will or otherwise.
Said taxes shall be paid by my Personal Representative as if such taxes were my debts
without recovery of any part of such tax payments from anyone who receives any item
included in such computation.
II. PERSONAL REPRESENTATIVE
I nominate and appoint ________________________, of
___________________________, County of ________________________, State of
______________________________ as Personal Representative of my estate and I
request that (he/she) be appointed temporary Personal Representative if (he/she)
applies. If my Personal Representative fails or ceases to so serve, then I nominate
_____________________________of __________________________, County of
____________________________, State of ______________________ to serve.
III. DISPOSITION OF PROPERTY
I devise and bequeath my property, both real and personal and wherever situated, as
follows:
1
st
Beneficiary
_______________________ [full name], currently of _______________________
[address], as my _______________________ [relation] whose last four (4) digits of their
Social Security Number (SSN) are xxx-xx-_____ with the following property:
______________________________________________________________________
2
nd
Beneficiary
_______________________ [full name], currently of _______________________
[address], as my _______________________ [relation] whose last four (4) digits of their
Social Security Number (SSN) are xxx-xx-_____ with the following property:
______________________________________________________________________
3
rd
Beneficiary
_______________________ [full name], currently of _______________________
[address], as my _______________________ [relation] whose last four (4) digits of their
Social Security Number (SSN) are xxx-xx-_____ with the following property:
______________________________________________________________________
If any of my beneficiaries have pre-deceased me, then any property that they would
have received if they had not pre-deceased me shall be distributed in equal shares to
the remaining beneficiaries.
If any of my property cannot be readily sold and distributed, then it may be donated to
any charitable organization or organizations of my Personal Representative’s choice. If
any property cannot be readily sold or donated, my Personal Representative may,
without liability, dispose of such property as my Personal Representative may deem
appropriate. I authorize my Personal Representative to pay as an administration
expense of my estate the expense of selling, advertising for sale, packing, shipping,
insuring and delivering such property.
IV. OMISSION
Except to the extent that I have included them in this Will, I have intentionally, and not
as a result of any mistake or inadvertence, omitted in this Will to provide for any family
members and/or issue of mine, if any, however defined by law, presently living or
hereafter born or adopted.
V. BOND
No bond shall be required of any fiduciary serving hereunder, whether or not specifically
named in this Will, or if a bond is required by law, then no surety will be required on
such bond.
VI. DISCRETIONARY POWERS OF PERSONAL REPRESENTATIVE
My Personal Representative, shall have and may exercise the following discretionary
powers in addition to any common law or statutory powers without the necessity of court
license or approval:
A. To retain for whatever period my Personal Representative deems advisable any
property, including property owned by me at my death, and to invest and reinvest in any
property, both real and personal, regardless of whether any particular investment would
be proper for a Personal Representative and regardless of the extent of diversification
of the assets held hereunder.
B. To sell and to grant options to purchase all or any part of my estate, both real
and personal, at any time, at public or private sale, for consideration, whether or not the
highest possible consideration, and upon terms, including credit, as my Personal
Representative deems advisable, and to execute, acknowledge, and deliver deeds or
other instruments in connection therewith.
C. To lease any real estate for terms and conditions as my Personal Representative
deems advisable, including the granting of options to renew, options to extend the term
or terms, and options to purchase.
D. To pay, compromise, settle or otherwise adjust any claims, including taxes,
asserted in favor of or against me, my estate or my Personal Representative.
E. To make any separation into shares in whole or in part in kind and at values
determined by my Personal Representative, with or without regard to tax basis, and to
allocate different kinds and disproportionate amounts of property and undivided
interests in property among the shares.
F. To make such elections under the tax laws as my Personal Representative shall
deem appropriate, including elections with respect to qualified terminable interest
property, exemptions and the use of deductions as income tax or estate tax deductions,
and to determine whether to make any adjustments between income and principal on
account of any election so made.
G. To make any elections permitted under any pension, profit sharing, employee
stock ownership or other benefit plan.
H. To employ others in connection with the administration of my estate, including
legal counsel, investment advisors, brokers, accountants and agents and to pay
reasonable compensation in addition to my Personal Representative’s compensation.
I. To vote any shares of stock or other securities in person or by proxy; to assert or
waive any stockholder’s rights or privilege to subscribe for or otherwise acquire
additional stock; to deposit securities in any voting trust or with any committee.
J. To borrow and to pledge or mortgage any property as collateral, and to make
secured or unsecured loans. My Personal Representative is specifically authorized to
make loans without interest to any beneficiary hereunder. No individual or entity loaning
property to my Personal Representative or trustee shall be held to see to the application
of such property.
K. My Personal Representative shall also in his or her absolute discretion determine
the allocation of any GST exemption available to me at my death to property passing
under this Will or otherwise. The determination of my Personal Representative with
respect to any elections or allocation, if made or taken in good faith, shall be binding
upon all affected.
VII. CONTESTING BENEFICIARY
If any beneficiary under this Will, or any trust herein mentioned, contests or attacks this
Will or any of its provisions, any share or interest in my estate given to that contesting
beneficiary under this Will is revoked and shall be disposed of in the same manner
provided herein as if that contesting beneficiary had predeceased me.
VIII. GUARDIAN AD LITEM NOT REQUIRED
I direct that the representation by a guardian ad litem of the interests of persons unborn,
unascertained or legally incompetent to act in proceedings for the allowance of
accounts hereunder be dispensed with to the extent permitted by law.
IX. GENDER
Whenever the context permits, the term “Personal Representative” shall include
“Executor” and “Administrator,” the use of a particular gender shall include any other
gender, and references to the singular or the plural shall be interchangeable. All
references to the Internal Revenue Code shall mean the Internal Revenue Code of
1986 or any successor Code. All references to estate taxes shall include inheritance
and other death taxes.
X. ASSIGNMENT
The interest of any beneficiary in this Will, shall not be alienable, assignable, attachable,
transferable nor paid by way of anticipation, nor in compliance with any order,
assignment or covenant and shall not be applied to, or held liable for, any of their debts
or obligations either in law or equity and shall not in any event pass to his, her, or their
assignee under any instrument or under any insolvency or bankruptcy law, and shall not
be subject to the interference or control of creditors, spouses or others.
XI. GOVERNING LAW
This document shall be governed by the laws in the State of Arkansas.
XII. BINDING ARRANGEMENT
Any decision by my Personal Representative with respect to any discretionary power
hereunder shall be final and binding on all persons interested. Unless due to my
Executor’s own willful default or gross negligence, no Executor shall be liable for said
Executor’s acts or omissions or those of any co-Executor or prior Executor.
I, the undersigned ________________________, do hereby declare that I sign and
execute this instrument as my last Will, that I sign it willingly in the presence of each of
the undersigned witnesses, and that I execute it as my free and voluntary act for the
purposes herein expressed, on this ____ day of ________________, 20____.
________________________________ ___________________________________
Testator Signature Testator (Printed Name)
The foregoing instrument, was on this ____ day of ________________, 20____,
subscribed on each page and at the end thereof by ________________________, the
above-named Testator, and by (him/her) signed, sealed, published and declared to be
(his/her) LAST WILL AND TESTAMENT, in the presence of us and each of us, who
thereupon, at (his/her) request, in (his/her) presence, and in the presence of each other,
have hereunto subscribed our names as attesting witnesses thereto.
________________________________ ___________________________________
Witness Signature Address
________________________________ ___________________________________
Witness Signature Address
TESTAMENTARY AFFIDAVIT
STATE OF ____________________
COUNTY OF __________________, SS.
Before me, the undersigned authority, on this day personally appeared
___________, testator, ____________________, witness and ___________________,
witness, known to me to be the testator and the witnesses, respectively, whose names
are signed to the attached or foregoing instrument, and, all of these persons being by
me duly sworn, the testator declared to me and to the witnesses in my presence that the
instrument is the testator’s last will and that the testator has willingly signed or directed
another to sign for him/her, and that the testator executed it as the testator’s free and
voluntary act for the purposes therein expressed; and each of the witnesses stated to
me, in the presence of the testator, that they signed the will as witnesses and that to the
best of their knowledge the testator was eighteen (18) years of age or over, of sound
mind and under no constraint or undue influence.
______________________________ ______________________________
Testator Signature Witness Signature
______________________________
Witness Signature
Subscribed and sworn to before me by the said testator and the said witnesses, this
____ day of ________________, 20____.
________________________________
Notary Public
My Commission expires:
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Arkansas Last Will and Testament

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Completed 21 March 2022

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