The Benefits of Establishing a Living Trust in Arkansas
Kimbro Stephens
Living trusts are a powerful tool for Arkansas residents looking to protect their assets and simplify estate administration.
What Is a Living Trust?
A living trust allows you to transfer ownership of assets during your lifetime while maintaining control. Upon your passing, the trust dictates how these assets are distributed.
Benefits of a Living Trust in Arkansas:
- Avoid Probate: Trust assets are not subject to probate, saving time and costs.
- Privacy: Unlike wills, trusts are not public record, protecting your family’s privacy.
- Incapacity Planning: A living trust can include provisions for managing your assets if you become incapacitated.
Examples of Assets to Include:
- Real estate
- Bank accounts
- Investment portfolios
Establishing a living trust requires careful planning. Let Jurist Law guide you through the process and help you secure your family’s financial future.