Ark. Code Ann. § 28-65-502: Dispensing with guardianship in small estate

When the whole estate of a minor or an incompetent does not exceed the value of twenty-five thousand dollars ($25,000), the court, in its discretion, without the appointment of a guardian or the giving of bond, may authorize the payment or delivery of all or any part of the estate to the minor or incompetent or to some suitable person, institution, or agency for him or her, to be retained, used, expended, distributed, or disposed of for the benefit of the minor or incompetent as the court may direct.