If the legal ability to transfer your assets into a trust in your estate plan sounds appealing to you, then you should ask an experienced estate attorney about a living trust.
This trust controls your assets, yet allows you to use them during your lifetime. Upon your passing, remaining assets are transferred to the beneficiaries you have named. And this is just one of many benefits of the living trust.
The knowledgeable estate planning attorney who can guide you to the right living trust for your situation, and a tailor-made estate plan overall, is Amy Clemmons Brown of the McMullan & Brown law firm.
When you retain Amy to help you with a first estate plan or a refresh of an existing one, you are tapping into her decades of experience as a lawyer and her command of proactive estate strategies. She listens carefully to your wishes and applies grasp of the statutes to your goals. When your work together has concluded, you can have complete peace of mind that your estate plan serves your loved ones’ futures and its validity cannot be challenged in any court.
Are You Interested In An Arkansas Living Trust? McMullan & Brown Can Help
For starters, a living trust helps you to control how and when assets are transferred to your beneficiaries. This trust can distribute assets while you’re alive, after your death or on dates or at events you’ve chosen. You get to choose which assets should be included in the trust, and which relative or friend should receive them.
Keep in mind, these assets are not affected by probate, so terms of the trust stay private, known only to you. No public record of them exists. They can be distributed immediately after you have died, if that was your choice.
Another source of peace of mind is that these assets placed in trust are already being managed for you, if you become incapacitated at some point.
For more information — and inspiration — about living trusts and trust fund administration, contact us in Little Rock to schedule an initial consultation. You can reach us right now by calling 501-490-9298 or staying online to send an email. We promise to reply to it promptly.