Natural State Law is knowledgeable and experienced in the entire trust process. We can offer guidance concerning which assets and property may be best to move into a trust. From there, we can help define specific rules for allocations, disbursements, and more.
The main point of a will is to legally document your wishes in the event of your death. It helps your family and your heirs follow through on those wishes and provides a path to resolve matters faster. We can help work through what this should look like to be effective.
This document specifies your medical wishes should you not be able to make those decisions on your own. We can help build a living will that addresses a range of potential scenarios and use our experience to highlight things creators don’t often think about.
An advance directive is similar to a living will in that it provides specific directions for medical care. Another tenet to think about is long-term care should you not be able to make those decisions and we can help accurately build those into the directive.
This is a legal document that grants the authority to a third-party to manage someone’s financial matters. The document can be wide-ranging or specifically restrictive and we can help guide you towards building the right one for your specific situation.
Similar to the above, a healthcare power of attorney gives a third-party the power to make decisions regarding healthcare decisions and those affecting your well-being. This document can put your most important life-sustaining decisions in the hands of the person you deem most responsible to handle those matters.
In certain cases, it makes more sense to disperse the remainder of a trust to a charitable organization once all of the initial beneficiaries have accepted their disbursements. Our firm can help you understand where this type of trust may be most advantageous.
Natural State Law can act as the administrator of a trust to make an easier path for asset succession and potentially bypass a lengthy probate process. Trust administration can be a complex process and our insight can ensure it is done in the correct way.
Your estate planning doesn’t end once the documents have been formalized. Should something happen to you, you will want a trusted third-party that’s able to neutrally and fairly execute your plan. Natural State Law can do that for you.
Oftentimes, an individual with special needs can receive public assistance along with certain private income. A special needs trust is specifically designed to provide income and other assets for the individual with limited impact on his or her ability to qualify for a range of certain governmental programs. It can also help the beneficiary with a range of other needs and Natural State Law can advise on the best way to construct this important document.
This post discusses some of the differences between an advance directive and a living will. Although they are largely the same, there are a few important things worth pointing out for Arkansas residents considering drafting these important documents.
Avoiding probate in Arkansas primarily comes down to good estate planning. A little bit of pre-planning and foresight can save plenty of headaches down the road. Natural State Law is here to help advise through the entire process.