C. Michael Daily

Attorney at Daily & Woods, PLLC (est. 1912) -- estate planning, oil & gas/mineral, real estate, business & litigation in AR/OK. Razorback fan, dog dad.

[C. Michael Daily @DailysLaw]

The links you will want to save to reach me for legal needs:

web: https://t.co/kzvKLwHpBA;
blog: https://t.co/TV5HEXDdqh;
linkedin: https://t.co/wSKdNEqCmt
fb: https://t.co/VSWLJXWisE

[C. Michael Daily @DailysLaw]

Quick one for business owners: your operating agreement should say what happens if a partner wants out, becomes disabled, or passes away. Fix that before it becomes a problem, and not after.

[C. Michael Daily @DailysLaw]

Grateful for the clients across many states who trust us with the matters that matter most to their families and their land.

[C. Michael Daily @DailysLaw]

The federal estate tax exemption isn't sunsetting the way everyone expected — 2026 legislation made roughly $15M per person permanent. If your plan was built around beating a deadline that no longer exists, it's worth a second look.

[C. Michael Daily @DailysLaw]

We split our time between our Fort Smith and Fayetteville offices every week — wherever a client needs us to be.

[C. Michael Daily @DailysLaw]

"Do I actually need a lawyer for this?" is a fair question. Sometimes the answer is no, and we'll tell you that too.

[C. Michael Daily @DailysLaw]

"How long will this take?" A straightforward Arkansas probate usually runs several months to about a year. Complexity, creditor windows, and family agreement are what actually drive the timeline.

[C. Michael Daily @DailysLaw]

FinCEN has ended federal beneficial ownership (BOI) reporting for most domestic small businesses — a real reversal after two years of compliance anxiety. Your state filings still apply.

[C. Michael Daily @DailysLaw]

Court decisions in Oklahoma and Texas can affect Arkansas-based clients with cross-border interests. We keep watch across all jurisdictions that we practice in.

[C. Michael Daily @DailysLaw]

Daily & Woods has called Arkansas home since 1912. More than a century of legal changes later, we're still here, and ready for whatever question you bring to us next.

[C. Michael Daily @DailysLaw]

Mediation, arbitration, and court are not the same thing. There is no one size fits all approach to conflict resolution. Every situation is different, and contractually choosing the right method ahead of time can save clients real time and money.

[C. Michael Daily @DailysLaw]

Dying without a will doesn't mean your estate goes to the state. it means a default state formula decides who inherits, and it rarely matches what you'd have actually chosen.

[C. Michael Daily @DailysLaw]

Keeping an eye on this year's Arkansas legislative session and what it could mean for clients in real estate, estate planning, and oil & gas.

[C. Michael Daily @DailysLaw]

Estate planning isn't just for retirees. If you have kids, property, or an opinion about who makes medical decisions if you can't; any of those is reason enough to have at least a basic plan in place.

[C. Michael Daily @DailysLaw]

Estate planning tip: update beneficiary designations after marriage, divorce, a new child, or a death in the family. Those forms override your will, which surprises people.

[C. Michael Daily @DailysLaw]

Probate tip: AR and OK both give you a window to open probate and notify creditors after a death. Once that window closes, creditors are most barred from asserting claims later. Shutting that window sooner than later can bring peace of mind.

[C. Michael Daily @DailysLaw]

Reminder for mineral owners: a lease offer or division order isn't something to sign the same day it lands in your mailbox. Read it, understand what you're agreeing to, and ask questions before you sign it.

[C. Michael Daily @DailysLaw]

"Ancillary probate": if an out-of-state owner held AR/OK property at death, heirs may need a second probate case here too. More on our blog.

-- Daily & Woods, PLLC

[C. Michael Daily @DailysLaw]

Inherited mineral rights in AR or OK and don't live nearby? You're not alone -- many of our royalty clients are out of state. Distance doesn't mean losing track of what you own.

-- Daily & Woods, PLLC. Attorney advertising.

[C. Michael Daily @DailysLaw]

@rynekreitz6 @ClayTravis @CollinRugg Well your ticket merely grants you a revocable license to attend a baseball game. Nothing more.