Living Trust Planning

Avoid Probate and Guardianship With Information From Our Living Trust Guide

Download The Arkansas Living Trust Book

Complete the form below to receive your FREE Arkansas Living Trust guide to learn more about how a trust works and if one is right for you. There is no obligation, and you’ll receive your book as soon as you click submit. 

Wilson+Miller can guide you through the process of creating a living trust. Protect your wishes, family, and estate.

A living trust is a type of fund in which your assets can be placed. It will also provide directions regarding the distribution of your assets at the time of your passing. A living trust takes effect when the document is completed. A will, on the other hand, takes effect when you die.

Who makes health care decisions if you can’t?

Who manages your property and financial affairs if you can’t?

Who will serve as guardian of your minor or disabled children if you can’t?

Who will receive your property upon your death? How will they receive it?

Living Trust Estate Plan

A living trust estate plan allows you to take control of all these decisions and provide the answers you choose without the supervision of the court system. Without directions from a living trust, decisions will be made by a judge during probate or by a guardian, someone who is appointed by the court.

A Living Trust Protects Your Assets

A living trust protects your assets and estate from becoming public knowledge, as it would with a will. With a living trust, the estate will be distributed in private and only the document’s beneficiaries can see the contents of the trust.

Provisions

Many clients also include provisions in their living trust estate plan to:

• Protect property in the event their spouse remarries

• Provide divorce, lawsuit, and immaturity protection for their heir

• Make special provisions for heirloom property to pass on family traditions, faith, and values

 The Core of Every Estate Plan

Because a living trust is entirely revocable during your lifetime, it’s important to note that it does not provide any lifetime asset protection for you, and the assets in your living trust are a “countable resource” for purposes of the Medicaid spend-down rules — so your living trust does not protect your assets from the cost of nursing home care (An irrevocable Medicaid Asset Protection Trust is required to provide that protection). Still, a living trust is a very powerful and flexible tool, and we believe it should be the core of every estate plan.

Download The Arkansas Living Trust Book

It can feel like the process of creating a living trust is complicated, and it’s understandable if you feel overwhelmed with the decisions. At Wilson+Miller, we are committed to helping our clients understand the importance of having a living trust when planning their estate. A living trust is a powerful document that provides the most protection and control over your estate and how it will be distributed. Our living trust guide will walk you through the process and provide detailed information to help you make an informed decision.

At Wilson+Miller Law we serve our clients by achieving the highest standards in each and every case with a commitment to quality, timeliness, and efficiency.

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