Category Archives: Estate Planning
How Property Can Be Transferred Outside of Probate in Arkansas
Probate is the court-supervised process of distributing a deceased person’s assets according to their will or otherwise by state law. Probate can be time-consuming, expensive and even contentious. Many Arkansas families wish to avoid it so their property can pass smoothly and privately to loved ones. Fortunately, Arkansas law recognizes several tools that allow property… Read More »
Why You Need a Will Even if You Have a Living Trust
A living trust is a popular estate planning tool that people often see as an alternative to a last will and testament. A trust lets you manage your assets during your lifetime while designating beneficiaries to receive them directly upon your death. A trust offers flexibility, privacy and control, allowing you to serve as trustee… Read More »
Using a Living Trust as Part of Estate Planning
A living trust is a useful component of estate planning. It is designed to manage and protect assets during a person’s lifetime and to ensure a smooth transfer of those assets after death. Understanding the intricacies of a living trust, its advantages, and its interaction with a will is essential for anyone looking to establish… Read More »
Understanding How COVID-19 May Have Affected the Value of Your Estate
The economic and personal upheaval triggered by the COVID-19 outbreak is likely to warrant a review of your estate plan, no matter how thorough you think it is. As Americans cope with health fears and financial volatility, it’s worthwhile to determine whether a will, trust, advance medical directive or other legal instrument needs to be… Read More »