If you’re thinking about how to pass on your assets to your loved ones after you’re gone, a living trust could be the way to go. In Arkansas, setting up a living trust is far less expensive than doing a will and then going through probate. Not only that, but trusts are much easier for heirs to inherit assets and are much quicker than going through the costs and hassle of probate court.
Avoid Probate & Save
When you set up a living trust, you transfer your assets into the trust, which means they are no longer in your name. This means that when you pass away, your assets will not have to go through probate court, which can be time-consuming and expensive. Instead, unlike a will, your assets will pass directly to your heirs according to your wishes, without court intervention.
Quick & Easy Estate Settlement
Another advantage of a living trust is that it can make it much easier for your heirs to inherit your assets. Unlike a will, with a trust, there is no need for a court-supervised process, so your heirs can receive their inheritance much more quickly. This can be a huge relief during a difficult time, as your loved ones will not have to wait for the probate process to conclude, which takes a minimum of 225 days in Arkansas!
If you’re considering estate planning, consider setting up a living trust and giving yourself and your loved ones peace of mind knowing your affairs can be handled with the least amount of trouble possible.
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Jamison Bonds, VA Accredited Attorney
One of the many benefits of being an elder law attorney is getting to work with selfless clients who act not out of their own self interest, but out of a deep concern for the people they love. That’s why I love helping families enjoy peace of mind and protect their hard-earned assets.
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Over the course of nearly a decade, we’ve helped more than 1,200 of your neighbors with their estate planning and elder law needs. Now we can help you achieve the best possible outcomes for your family.