Estate planning is key for most individuals. We regularly counsel high net-worth individuals that desire an estate plan facilitating the accumulation and preservation of family wealth for current and future generations, as well as those individuals whose estate planning needs are less complex. Among many other reasons, estate planning is critical to make sure: (1) that trustworthy parties are appointed to manage and distribute your estate; (2) that the intended parties receive your assets; (3) that the management and distribution of your estate is carried out in the most time and cost efficient manner possible; (4) to substantially reduce the chance of inter-family disputes relating to your estate; and (5) to facilitate the management of your assets by trustworthy parties should you become mentally incapacitated during life.
Our attorneys regularly assist clients throughout Arkansas with all of their estate planning needs. We recognize that as your family evolves over time, your estate planning needs and goals may change. Additionally, the laws and regulations relating to estate and gift taxes are frequently modified. Therefore we strive to work with our clients throughout their lives as legal environments and family circumstances adjust to ensure your estate planning goals are fully accomplished. For our high net-worth clients, we strive to design creative estate tax focused plans that preserve and pass the maximum amount of wealth to future generations, while balancing practical considerations and the administrative burden frequently involved with such plans. We commonly provide clients with estate plans which utilize the following estate planning devices:
- Last Will & Testament
- Revocable Trusts
- Medical Care Directives and Health Care Power of Attorney
- Durable Power of Attorney
- Charitable Trusts
- Life Insurance Trusts
- Grantor Retained Annuity Trusts
- Lifetime Gifts & Endowments
- Family Limited Partnerships
- Pre-Marital Agreements
- Business Succession Plans
- Disability & Special Needs Trusts
When probate administration in Arkansas courts is necessary to transfer assets to your family, or to facilitate the litigation of claims and disputes pertaining to estates, our experienced attorneys can provide assistance. Our attorneys are accomplished in all areas of probate administration. We have successfully represented both clients contesting the last wills of decedents, as well as estate representatives defending such will contests. Our attorneys are also experienced in both defending and prosecuting the claims of creditors against estates. Whether an estate requires straightforward probate administration, or involves complex matters and adverse parties, the attorneys at our firm can help you successfully navigate the Arkansas probate courts.
If we can be of assistance in any of the areas described above, please contact any one of our attorneys to schedule a consultation.