Estate Planning

Estate Planning Attorneys

in Conway, Arkansas

Our estate planning practice takes an individualized and comprehensive approach to create an estate plan that understands and addresses your specific needs. 


We use the following estate planning tools to carry out your wishes:

Our Practice Areas

Medical Power of Attorney 

Living Will

Beneficiary Deed

Our Estate Planning Practice Areas in Central Arkansas

Wills

 

  • A Last Will and Testament directs the disposition of estate property upon death, and can be used to appoint a guardian for minor children.

 

  • In Arkansas, a will that provides for disposition of more than $100,000 of estate property must be administered in probate court. 

 

Trusts

 

  • Revocable trusts provide for use and disposition of property both during the lifetime and upon death of the person establishing the trust (the grantor). As is implied by their name, revocable trusts can be revoked by the grantor. When assets are conveyed to a trust, they are no longer owned by the grantor, thereby avoiding probate. 

 

  • Irrevocable trusts, like revocable trusts, provide for use and disposition of property during both the grantor’s lifetime and upon death. However, irrevocable trusts cannot be revoked by the grantor. Irrevocable trusts can be used for Medicaid planning, subject to the Medicaid look-back period. 

 

  • Special needs trusts, also known as supplemental needs trust, are a specialized form of trust that manages assets for a disabled person without making the disabled beneficiary ineligible for government benefits. 

 

  • AB trusts are joint trust plans are typically created by a married couple and divide into separate shares upon the death of the first spouse. AB trust plans are intended to minimize estate taxes. 

 

Power of Attorney

 

  • A power of attorney is a document in which one person (the principal) appoints another (the agent) to act on their behalf. 

 

  • A power of attorney can either be effective immediately or only upon the principal’s incapacity.

 


Medical Power of Attorney

 

  • A medical power of attorney allows an agent to make healthcare decisions on behalf of an incapacitated principal.

 



Living Will

 

  • A living will evidence a person’s wishes regarding their medical treatment when that person is terminally ill, in a vegetative state, or otherwise unable to express informed consent.

 


Beneficiary Deed

 

  • A beneficiary deed is a special type of deed whereby a property owner can convey their interest real property upon their death. 

 

  • Done properly, beneficiary deeds are a cost-effective probate avoidance tool. 

 

  • The beneficiary deed is recorded in the real estate records but can be revoked at any time prior to death.

 

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