Use Estate Plans To Protect Your Family
One of the best ways to protect your family’s future is to create an estate plan. An estate plan can ensure that your assets and property pass to the beneficiaries you intend. It can also minimize the impact of taxes and prevent your loved ones from going through the complicated probate process.
The Cardwell Firm, P.A., helps clients in Little Rock and throughout Arkansas who need to create an estate plan or amend an existing plan. We never use a one-size-fits-all approach; we create legal documents tailored to your unique circumstances. You can have the assurance that your will, power of attorney and other estate planning documents will serve your needs and protect your family.
I Am Not Elderly. Do I Really Need A Will?
Many people mistakenly believe that last wills and testaments are for only the elderly. This is far from true. Every adult should have a will. This crucial document identifies the people you wish to inherit your assets. It also states which property should go to whom. Without a will, the state of Arkansas will distribute your estate as it sees fit.
How To Use Trusts In An Estate Plan
Although the word “trust” can conjure images of very wealthy individuals, just about anyone can use a trust in their estate plan.
Some common trusts include:
- AB trusts
- Revocable living trusts
- Irrevocable living trusts
- Special needs trusts
- Charitable trusts
In a trust, a third party holds on to your assets on behalf of a beneficiary. You retain control over how and when the beneficiary receives the contents of the trust. The Cardwell Firm, P.A., can help you determine which trusts are best for you and your loved ones.
Beyond Estate Planning: Probate And Other Matters
Estate planning, no matter how thorough, cannot cover every conceivable issue you or your loved ones may face as they age. Our attorney can help you with elder law issues such as Medicaid planning, evaluating long-term care plans and other matters.
Our firm can also assist you with estate administration and navigating the state’s probate process after a family member has died. If there is a conflict about how the estate is being probated, we will help you with litigation if the case proceeds to court.
Protect Your Family With An Estate Plan Today
We are ready to discuss your estate planning, probate and elder law options. Contact our office in Little Rock to learn more about how to use wills and trusts in your estate plan. To schedule an initial consultation, call 501-800-9258 or send the firm an email.