There is a common misconception that estate planning documents are something only for the wealthy or the elderly. This could not be further from the truth. Every adult living in Arkansas would benefit from creating a comprehensive estate plan to help protect their property and assets today and into the future. Virtually everyone has an estate of some kind, whether it be debts, assets they hope to leave behind to beneficiaries and heirs, or a business or family farm. Additionally, estate planning can help make your last wishes known in cases of incapacity or death, providing clear instructions to family members and loved ones regarding how you want your end-of-life care to be handled.
Interested parties with estates worth defending are encouraged to retain professional legal representation from knowledgeable estate planning attorneys. Whether you have some experience setting up an estate plan or have no idea where to begin, an attorney from our law firm can help you decide on the proper estate planning documents necessary for your goals and needs.
Our law firm proudly provides estate planning services, tax advice related to estate plans, trust administration guidance, and other related matters to estate planning for clients needing legal counsel. We would be honored to represent your interests in and out of court throughout the probate process, estate planning, and more. To learn more about how we can help provide peace of mind for you and your family members, please contact our law firm to schedule a free initial consultation today.
Estate plans address what you want to happen to your remaining estate assets, your minor children, and your remains upon the event of your death. Additionally, estate plans can provide health care directives for managing your care in the event of incapacitation where you cannot speak for yourself.
By creating and managing a comprehensive estate plan, you ensure that your final wishes are fulfilled, keep your family out of probate court and simplify the process of transferring your assets to your surviving loved ones. Without a thorough estate plan, you increase the risk of infighting between surviving loved ones, unexpected taxes, an unexpected probate court process, and more.
At our law firm, we understand that contemplating matters of mortality can be difficult, and it may also be difficult to consider the lives of our loved ones after we are gone. However, it is necessary to tackle these matters during life in order to make things easier for our loved ones in the event of our deaths. To learn more about how our legal team may assist you and your family during this difficult scenario of creating or managing an estate plan, please contact us to schedule your free 30-minute strategy session today.
There is a common misconception that estate planning documents are something only for the wealthy or the elderly. This could not be further from the truth. Every adult living in Arkansas would benefit from creating a comprehensive estate plan to help protect their property and assets today and into the future. Virtually everyone has an estate of some kind, whether it be debts, assets they hope to leave behind to beneficiaries and heirs, or a business or family farm. Additionally, estate planning can help make your last wishes known in cases of incapacity or death, providing clear instructions to family members and loved ones regarding how you want your end-of-life care to be handled.
Interested parties with estates worth defending are encouraged to retain professional legal representation from knowledgeable estate planning attorneys. Whether you have some experience setting up an estate plan or have no idea where to begin, an attorney from our law firm can help you decide on the proper estate planning documents necessary for your goals and needs.
Our law firm proudly provides estate planning services, tax advice related to estate plans, trust administration guidance, and other related matters to estate planning for clients needing legal counsel. We would be honored to represent your interests in and out of court throughout the probate process, estate planning, and more. To learn more about how we can help provide peace of mind for you and your family members, please contact our law firm to schedule a free initial consultation today.
Several different types of estate plan documents might be essential for you and your family. Just what type of estate planning documents are necessary for your needs and concerns will vary depending on your situation.
Our lawyers provide the following legal services:
A Last Will and Testament is the traditional document used in estate planning. For clients that have a Will-based plan, the Will is the foundational document that determines who receives the decedent’s estate assets after that person’s passing. Additionally, the Will nominates an executor or administrator of the estate after death. If you have minor children, your Last Will and Testament could also nominate an individual for guardianship of those children.
While Wills are powerful estate planning documents, they are only effective if they are properly created and drafted by a person with full capacity and in their right mind. Beneficiaries (or those who believe they should have been beneficiaries) can challenge Wills, especially if the language of the document is vague or if there is a belief that the person who drafted the document did not have full capacity. It is important to know that Will-based estate plans do not avoid the probate court process.
Whether you want to begin estate litigation and challenge a Last Will and Testament or hope to create or revise a Will or trust, our legal staff would be proud to assist you.
When a person dies without a Will in Arkansas, it is known as passing away intestate. In such instances, the probate court will determine who shall be in charge of handling the administration of the estate and distributing the assets. Dying without a Will also means that you give up your right to determine who your beneficiaries shall be and what they shall inherit.
To ensure that your final wishes are followed, we recommend creating a Last Will and Testament sooner rather than later.
There are many kinds of trusts. The most common kind of trust is a revocable living trust. It has become the most popular estate planning document because assets held within the trust avoid the probate court process. Trusts are legal documents that allow a person to transfer assets and property into a trust for the management by a trustee and the benefit of designated beneficiaries according to specific instructions. There are several different types of trusts, such as irrevocable trusts, revocable trusts, special needs trusts, pet trusts, and more.
Setting up a trust is slighly more involved than creating a Will, but most clients regard it as a worthy investment of your time and money. Avoiding the cost of probate is a huge benefit as well as the privacy it affords. To learn more about how a trust could benefit you and your family members, please contact our law office.
