Estate Planning Lawyer in Arkansas
Estate Planning Attorney
Proudly Serving Little Rock, Conway, and Surrounding Communities of Arkansas
Unfortunately, estate planning in one of the most misunderstood areas of law, but its importance to your family cannot be overstated. The difference between trying to navigate estate planning yourself and hiring a careful, knowledgeable estate planning lawyer in Arkansas could affect the financial wellbeing and stability of your family for generations to come. Usually, it takes years to find out if the lawyer handled everything correctly, so make sure that you’re hiring an experienced estate planning attorney with a proven record of success.
Here at the Davidson Law Firm, we have been handling estate planning for decades. We have experience with trusts and estates of all sizes and levels of complexity. Safeguard your family’s future with an estate planning lawyer’s help.
Why Estate Planning Is So Important
If you die with a defective will–or no will at all–you cannot control how your property, belongings, and assets are divided up or handled. Estate planning ensures that your family understands your wishes and that your estate is handled accordingly.
There are dozens of cautionary tales we could cite of people using do-it-yourself will kits improperly. One of the most common mistakes is the leaving of “notes” as addendums to their will. However, most will kits do not have the appropriate clauses included to allow the law to recognize your loved one’s amended wishes. Estate laws vary from state-to-state so a one-size-fits-all approach isn’t appropriate when it comes to estate planning. It takes years of study and continued education to navigate the system successfully and without incident.
Hiring an Estate Planning Lawyer in Arkansas Helps Circumvent Potential Complexities
Take a look at the following categories and see if your family situation or assets fit into any of them:
- You’re on your second (or third, or fourth, etc.) marriage
- You own a business(es)
- You own real estate in multiple states
- You care for a disabled child or family member
- You have children who are minors
- You have estranged children
- You have no children
- You want to leave part – or all – of your estate to charity
- You have substantial assets in IRAs or 401(k)s
- You have recently been divorced
- You recently lost a close family member or spouse
- You have a taxable estate for federal and/or state estate tax purposes
If one or more of these situations sounds like yours, you should seek the counseling and advice of an experienced estate planning lawyer in Arkansas. Your attorney will be able to help you create the estate planning documents you need to ensure that your estate is handled exactly the way you want it to be after your death. Otherwise, you risk a large part of your estate going to the state department, the IRS, or a probate attorney’s fees.
What To Look for in an Estate Planning Lawyer
A general practitioner likely doesn’t have the in-depth knowledge and experience required to assist you with your unique financial and family situations. When you’re searching for an estate planning lawyer, you should look for the following qualities:
- Devotes a large part of their practice to estate planning
- Preferably years (or decades) of experience in estate planning law
- Is able to put you at ease and make you feel comfortable about sharing the intimate details of your finances and life details
- Pursues continuing education and is up to date on all the regulations and laws of your state
Working with a qualified estate planning lawyer will help you avoid any costly mistakes or errors in your will and beneficiary documents.
If you have any questions about estate planning or you’re looking for an estate planning lawyer in Arkansas, contact the Davidson Law Firm. We would love to schedule a free consultation to go over the particulars of your case and hear your concerns. We can help you ensure that your estate is inherited and handled precisely as you want it to be.