Fayetteville Probate Lawyer Tells You How to Avoid Probate in Arkansas – Video
You Don’t Automatically Need a Trust In Arkansas, to avoid probate, you don’t necessarily need to create a trust. In Arkansas we have other methods available to avoid probate other than a Revocable Trust. Estate planning isn’t a one size fits all, force fit everybody into a trust, thing. First, a Warning
Rogers Probate Lawyer – When Does an Estate Require Probate?
This is not a simple question to answer, and requires that many other probate questions be answered to make a decision. However, it is possible to provide some general advice. No Estate If a person dies with no property or outstanding debts, then there is nothing for the courts to oversee. You may think this […]
How Do I Protect my Assets From Medicaid? (Video)
One of the most common questions I am asked is how do I protect my assets against Medicaid? Hi, I’m Gary, the owner of Dewitt law firm and we’re with you every step of the way. Protecting your assets against Medicaid is at the best difficult. Medicaid has stacked the deck in their favor, but […]
What is a Trust? (Video)
What is a Trust? Mark needed to qualify for Medicaid. Fortunately, one of the rules he put in his trust was the power to makes gifts of trust assets during his lifetime. (Gifting is a powerful Medicaid qualification technique.) Without that power, it would have been much more difficult for Mark to qualify. This is […]
The Dangers of DIY Planning (Video)
Probate in Northwest Arkansas: How Much Will Probate Cost?
As with many things, probate cost is going to depend on the complexity of the case. Those factors include: You can expect certain fees: Some of these costs are fixed by state law, some will vary. But, in general, you can expect probate to cost about 5% to 10% of the GROSS estate. Your gross […]
When Should I Plan? (Video)
Joe thought he had plenty of time for estate planning. But one night he swerved to miss a car in his lane and left the road. Now his family faces probate. Gary was a 40-year-old fairly health guy. Never thought about planning. However, one day on his way to work his chest started hurting and […]
Why Should I Plan if I’m Not Rich? (Video)
Marge didn’t have much. Her home and that was about it. Marge had to go into the nursing home. However, she had never gotten around to preparing a power of attorney. Her family had to go through the courts and get a guardianship to be able to make financial and healthcare decisions. Then, when it […]
2 Important Reasons You Need an Estate Plan (video)
The first reason you need an estate plan is to be in control of the distribution of your estate. Without a plan, the State, not you, decides who controls distribution of your stuff. You lose all choice when a Judge takes over. Recently I had a lady come in who had just lost her husband […]
Why You Don’t Need an Estate Plan
You don’t need to create your own estate plan and I want to tell you why. The State Government has already written a plan for you and if it works for you, you don’t need to write your own plan. Let me lay it out for you, and you can decide if their plan is […]