Arkansas
Hot Springs
Estate Planning Attorneys
in Hot Springs, AR
Proudly Providing Compassionate Legal Services to Clients in Hot Springs and Hot Springs Village
At Ethos Law, we ensure proper planning goes into your Wills, trusts, health care directives, long-term care planning, and other issues related to estate law in Hot Springs, Arkansas. Our legal practice wants to help each and every client plan for their future and the future of their family members with clear instructions. As your attorneys, we strive to create estate plans that protect your assets, look after your legacies, and make things easier for families during life and after death.
There is a lot involved in estate planning, with no shortage of legal documents to sign. Our legal team is focused on helping our clients navigate the complexities of estate law so that they can create estate plans they understand and that are well-suited to protecting their wealth and safeguarding the condition of their estates.
To learn more about how an estate planning attorney from our law firm can assist you and your loved ones through the complex nature of estate planning, please contact our Hot Springs, AR, law office to schedule a free 30-minute conversation with our legal team.
Who Needs an Estate Plan?
Everyone over the age of 18 should consider creating an estate plan with the focus of looking after their future and the future of their loved ones. Despite this, far too few among us have taken the time to create valid estate plans that serve their interests.
While we recommend that every adult in Arkansas consider the benefits of creating an estate plan, there are those who would especially benefit from estate planning measures.
Young parents and those with minor children would benefit from creating estate plans. If you and the other parent are in an accident, become incapacitated or die at an early age, you want to ensure that your young children receive the immediate care and love you want for them from guardians that you choose. If you do not designate the guardians you want, a probate judge will be left to make that decision.
Farmers, business owners and those with investments in businesses may also benefit from estate planning. We recommend estate plans for those with large estates or considerable wealth.
Married couples, especially those with mixed families and children from previous marriages, are also highly encouraged to create estate plans.
What Estate Planning Services Does Our Central Arkansas Law Firm Provide?
There are several different types of estate planning documents, all of which serve a different purpose and could benefit you and your loved ones. Our law firm proudly provides a variety of estate planning services and can assist you in creating these documents.
These include:
- Asset protection
- Designating beneficiaries
- Durable power of attorney
- Elder Law
- Estate litigation
- Guardianships
- Healthcare powers of attorney
- Long-term care and Medicaid planning
- Special needs planning
- Probate
- Trust administration
- Veterans Aid and Assistance
- Wills
- And much more!
What Happens if a Person Dies without a Will in Hot Springs, Arkansas?
When a person dies without a last will and testament, it is known as dying intestate. Arkansas intestate succession laws affect assets that pass through the probate process. Under these laws, the state will decide who shall administer your estate during the probate process and which beneficiaries will inherit from your estate.
In order to ensure that your last wishes are followed and that your intended beneficiaries inherit the property and assets you want for them, it is important to work with an attorney to create a last will and testament or a revocable living trust before you pass away.
Probate court is made more complicated when no will exists. For families going through probate, it is highly recommended that you work with an experienced probate lawyer for legal guidance. Our law firm proudly provides probate services to clients in need. To learn more, please contact us to schedule your free case evaluation today.
Do You Need the Legal Counsel of a Probate Attorney When Going Through the Arkansas Probate Court Process?
The probate process is the legal means for settling financial affairs and closing an estate after an individual dies in Arkansas. It begins with a petition to probate court and the naming of an executor. The executor has several challenges ahead of them, including settling outstanding debts, paying taxes, locating beneficiaries and heirs, and distributing the remaining estate assets.
If you are the executor of an estate, it is strongly recommended that you retain professional legal representation from an experienced probate lawyer. The probate attorneys of our law firm have extensive experience representing clients and all sorts of probate cases, including those with complex litigation. To discuss your case in more detail, please contact our law firm to schedule your free 30-minute discussion today.
Does Your Estate Plan Need More Than a Will?
For some, a will is the only thing you need for your estate plan. For others, it may be necessary to consider various types of trusts, the powers of attorney documents, and more. The simple answer to the question of whether or not you need more than just a last will and testament is simply that it depends on your circumstances. While a will is the traditional foundation upon which every sturdy estate plan is built, many of our clients choose to create a revocable living trust in order to avoid the probate court process. You could benefit from other estate planning documents as well. Please contact our Hot Springs Law Offices to discuss your case in more detail.
What is Elder Law?
Our law firm not only serves seniors and older adults, but we do have years of experience providing compassionate legal services to clients interested in elder law.
Our elder law services include:
- Asset protection
- Estate planning
- Financial planning and wealth protection
- Health care planning and Medicaid planning
- Protecting your assets from the cost of long-term care
- Support for family members
Schedule a Free 30-Minute Conversation with Experienced Estate Planning Lawyers in Hot Springs, AR, Today
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