Allison J. Cornwell

Allison J. Cornwell is a Partner at Friday, Eldredge & Clark in Little Rock, Arkansas. Her Trust & Estate Planning practice focuses on estate tax planning for high-net-worth individuals, succession planning for closely held family businesses, and complex or contested probate and trust administration. She also prepares estate and gift tax returns and oversees estate and income tax audits, addressing the tax and administrative concerns associated with family wealth.

Allison earned a B.A., cum laude, from Hendrix College in 1992. She received her J.D., with High Honors, from the University of Arkansas at Little Rock School of Law in 1995. She then earned an LL.M. in Taxation from New York University School of Law in 1996. Her advanced tax education supports work involving estate structures, wealth transfers, business succession, and the tax responsibilities of fiduciaries and beneficiaries.

Allison advises fiduciaries, assists with asset transfers, resolves estate and trust matters, and obtains court-approved trust modifications. Her work includes grantor retained annuity trusts, charitable remainder unitrusts, valuation discount planning, and life insurance planning. She also handles business agreements and entity selection issues. Her firm’s administration practice supports executors and trustees with probate obligations, tax coordination, asset valuation, and the resolution of disputes over wills and trusts.

Allison J. Cornwell is a Fellow of the American College of Trust and Estate Counsel and is admitted in Arkansas and before the United States Tax Court. Her official profile lists recognition in The Best Lawyers in America and Chambers High Net Worth. She coordinates with accountants, financial advisors, insurance agents, appraisers, and lenders so estate arrangements reflect the client’s wider financial circumstances. Her practice combines planning, administration, and representation in contested estate matters.

Law Office Affiliations

• Partner, Friday Eldredge & Clark LLP
• Member, Arkansas Bar Association
• Member, Pulaski County Bar Association
• Fellow, American College of Trust and Estate Counsel
• Former Director, Big Brothers/Big Sisters of Little Rock
• Former Director, Florence Crittenden Services, Inc., Board of Directors
• Former Member, Professional Advisory Council of Arkansas Children’s Hospital
• Former Member, Arkansas Arts Center Estate Planning Council

Licensed State

• Arkansas

Education

• New York University School of Law
  Master of Laws (LLM) in Taxation
• University of Arkansas at Little Rock School of Law
  Juris Doctor (JD)
• Hendrix College
  Bachelor of Arts (BA) Cum Laude

Awards & Badges