Who Needs Arkansas Wills and Trusts?
If you own assets of any kind – such as a home, bank account, life insurance or automobile – then you have an estate and you need an estate plan. Your estate plan designates who will inherit your property and ensures your loved ones will be taken care of in accordance with your wishes. In addition, the Arkansas Wills and Trusts attorneys at Providence will customize your estate plan to head off costly family feuds, eliminate confusion, and save everyone involved time, money and precious energy.
What's the Difference Between Wills and Trusts in Arkansas?
During the initial consultation, we’ll explore the differences between Arkansas Wills and Trusts so you can make the right, informed decision for your family. We’ll ask questions like “Do you own a home?” and “Do you have any children?” The answers you provide will direct you to the right choice. As you think about which estate plan package may be best for you, our Arkansas Wills and Trusts attorneys will clearly answer your questions in plain, old-fashioned English – with no rush and no pressure. Get peace of mind the easy way – at Providence.
What's the Difference Between a Will and a Trust?
During your initial consultation, we’ll fully explore the differences. We’ll ask questions like “Do you own a home?” and “Do you have children?” Your answers will point you to the right choice. As you think about which estate plan package may be best for you, we’re happy to clarify concepts and answer all your questions in good ole plain English. Are you ready to get ahead of curve? Make life easier tomorrow by estate planning today.
This grid provides a brief overview of the documents within each package.
Will
Trust
Arkansas Last Will & Testament
A Last Will & Testament provides instructions to the probate court indicating your exact wishes about how you want your estate distributed, who you want to receive your property and who you want to execute your wishes (your executor). Your will and all other documents filed with the probate court will be public record.
This provides a brief overview of the documents within each package.
Last Will & Testament
A Last Will & Testament provides instructions to the probate court indicating your exact wishes about who will care for your children, who is in charge of implementing your wishes (your executor) and how your property will be distributed. Your will and all other documents filed with the probate court will be public record.
Will Package
Trust Package
Arkansas Revocable Trust
A Revocable Trust accomplishes everything that a will does, but with the distinct advantage of avoiding the Arkansas probate court process. With an Arkansas Revocable Trust you retain control over your finances, possessions, and wishes during your lifetime. At any time, you can change your mind by amending or even revoking your Revocable Trust.
Revocable Trust
A Revocable Trust accomplishes everything that a will does, but with the distinct advantage of avoiding the probate court process. “Revocable” means that you retain control over your finances, possessions, and wishes during your lifetime. At any time, you can change your mind by amending or even revoking your Revocable Trust.
Will Package
Trust Package
Pour Over Will
A Pour Over Will is used in conjunction with an Arkansas revocable living trust. It acts as a safety net to ensure that any property not transferred into your trust during your lifetime transfers to or “pours into” it upon your death.
Pour Over Will
A Pour Over Will is used in conjunction with a revocable trust. It acts as a safety net to ensure that any property not transferred into your trust during your lifetime “pours into” it upon your death.
Will Package
Trust Package
Financial Power of Attorney
A Financial Power Of Attorney gives the person you designate the power to handle your financial decisions, such as paying your bills or filing your taxes.
Financial Power of Attorney
A Financial Power Of Attorney gives the person you designate the power to handle your financial decisions, such as paying your bills or filing your taxes.
Will Package
Trust Package
Physicians Directive (Living Will)
A Physicians Directive tells your physician and family the extent of medical care you wish to receive if you are unable to communicate these things yourself.
Physicians Directive (Living Will)
A Physicians Directive tells your physician and family the extent of medical care you wish to receive if you are unable to communicate these things yourself.
Will Package
Trust Package
Health Care Power of Attorney
A Health Care Power of Attorney gives the person you designate the legal authority to make medical decisions on your behalf if you are unable to do so.
Health Care Power of Attorney
A Health Care Power of Attorney gives the person you designate the legal authority to make medical decisions on your behalf if you are unable to do so.
Will Package
Trust Package
HIPAA Release
A HIPAA Release gives your physician permission to discuss your personal medical information with the person you have granted your medical power of attorney, as well as any others whom you may choose to designate.
HIPAA Release
A HIPAA Release gives your physician permission to discuss your personal medical information with the person you have granted your medical power of attorney, as well as any others whom you may choose to designate.
Will Package
Trust Package
Beneficiary Deed
Filed with the Recorder of Deeds, a beneficiary deed avoids the Arkansas probate court process and transfers title to your property to your designated beneficiaries (including your Arkansas revocable trust) upon your death. Your real estate remains titled in your name during your lifetime, and you’re always free to change or revoke your beneficiary deed. If you own property beyond your primary residence, we can draft additional deeds for an additional fixed fee of $250 per beneficiary deed. We will provide instructions on how to file your deeds with the Recorder of Deeds Office or if you’d like, we would be happy to file them on your behalf for a fixed fee of $100 per deed.
Beneficiary Deed
Filed with the Recorder of Deeds, a beneficiary deed avoids the probate court process and transfers title to your property to your designated beneficiary (including your revocable trust) upon your death. Your real estate remains titled in your name during your lifetime, and you’re always free to change or revoke your beneficiary deed. If you own property beyond your primary residence, we can draft additional deeds for an additional fixed fee of $250 per beneficiary deed. We will provide instructions on how to file your deeds with the Recorder of Deeds Office or if you’d like, we would be happy to file them on your behalf for a fixed fee of $100 per deed.
Will Package
Trust Package
Are you concerned about safeguarding your estate from the stratospheric costs of long-term care? If you are interested in protecting your legacy from the rising cost of long term care, consider an elder law estate plan in lieu of simple Arkansas wills and trusts.
What if you or your loved one has special needs? If you, your child, or spouse has significant medical needs, consider a Special Needs Estate Plan. Unlike a traditional Arkansas will or trust, it allows you to designate who will inherit your assets and provides for you or a loved one without jeopardizing current and future benefits.
Schedule Your Initial Consultation Today.
Come on in. Let’s talk. There’s no preparation necessary and you don’t need to bring any paperwork – just bring yourself and your questions. During your consultation, we’ll help you decide which services are right for you and your family. Click below to book your appointment at our Fort Smith office.
Visit Our Fort Smith Office Today
3223 Old Greenwood St, Fort Smith, AR 72903
Visit Us At Our Conway Office
803 Harkrider St Suite 14, Conway, AR 72032
