What Is an Irrevocable Living Trust in Arkansas?
When you hear the words “irrevocable living trust,” it might sound like something for fancy lawyers. But the idea is pretty simple, even for a 12-year-old. Imagine you have a treasure chest for your most important things—like your house, your savings, or your favorite baseball card collection. You put these treasures in the chest, lock […]
Revocable Trust vs. Irrevocable Trust in Arkansas: A Simple Guide
When you’re trying to decide between a revocable trust and an irrevocable trust, it’s like choosing between two kinds of piggy banks for your stuff. One you can open anytime, and the other is locked up for good. It really comes down to one big choice: Do you want more control, or do you want […]
Pros and Cons of Adding an Adult Child to a Bank Account: A Guide for Fayetteville Seniors
Are you a senior who is contemplating adding an adult child to your bank account to help manage your finances? It may seem like an easy solution for getting assistance with bill payments, but it’s crucial to weigh the pros and cons before taking action. Our Fayetteville elder law attorneys are here to guide you […]
This Common Mistake Can Cost You Your Home and Money – Fayetteville Estate Planning
The common estate planning mistake is adding your children as co-owners of accounts and real estate. I’ll tell you what to do instead in just a minute. First I want to tell you the consequences of adding your children to accounts and deeds. When you make your children a co-owner you are giving them full […]
How Does Estate Planning Protect My Money? (Video)
How Does Estate Planning Protect My Money? If you put somebody else, like a child, on your accounts or house, then their creditors are your creditors too. If they get in an auto accident and get sued, then you get sued too. If they get in tax trouble, then it’s your tax trouble too. Proper […]
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 […]