Protecting assets from long-term care costs is essential to estate planning. In Arkansas, long-term care can be quite expensive, with nursing home daily costs averaging around $220. Medicaid can be an option for covering these costs, but it has strict eligibility...
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Trusts
What happens if I put my properties in a trust?
Many people keep assets and invest in properties so they will have something to leave their families in case anything happens to them. Whether it is a house or a business, individuals consider all their assets when estate planning. And in estate planning, one of the...
How to fund a special needs trust in Arkansas
If you have a loved one with special needs in Arkansas, it may be a good idea to plan your estate in a way that they'll be provided for when you are unable to do so. A special needs trust can also be helpful if you want to ensure they benefit from government programs...
Different types of trusts you can have in Arkansas
Trusts are a popular estate-planning tool for a reason: They offer a lot of flexibility and can be tailored to meet the needs of almost any family. But, with so many different types of trusts available, it can be difficult to know which one fits your specific...
Is a living trust right for your estate plan?
A living trust can be a useful part of an estate plan for Arkansas residents. However, it is important to understand its limitations and what assets it is not advantageous to include in such a trust. Advantages A living trust offers a number of advantages. Assets in...
How to ensure money in an educational trust for children
A trust fund is a legal entity that holds assets for the benefit of specific organizations or people. Children are usually the beneficiaries of trusts because trusts safeguard assets in Arkansas. Many families create trusts to use assets for children's stewardship....
Should you form a revocable trust?
Are you getting ready to plan your final wishes in Arkansas? This is a crucial step that will determine how your estate is divided among your heirs, so it requires a great deal of foresight and careful planning. The time is now for you to decide what form your final...