The Elrod Firm

Plan for your best future.

No matter your stage in life, you need a plan.  The Elrod Firm is not a general practice law firm that does a little bit of everything.  We’re an Arkansas Estate Planning and Elder Law Firm that limits our practice to helping clients put the right plans in place at the right time.

Estate Planning

You already know that planning is important. The trouble is, most people don’t know where to start. If that’s where you are, you’re not alone. You’re headed in the right direction when you realize that a strong estate plan takes into account three things: the method of transfer, tax considerations, and asset protection for long-term care.

Method of Transfer

  • Stay out of probate court when you die
  • Ensure your estate gets into the right hands
  • Protect your heirs from themselves and others

Tax Considerations

  • Know whether the estate and gift taxes matter to you
  • Minimize capital gains taxes when your property is sold
  • Protect retirement accounts from accelerated taxation

Asset Protection

  • Plan ahead for the Medicaid five-year look back
  • Prepare for the VA benefit three-year look back
  • Shelter your home from Medicaid liens

Emergency Planning for Long-Term Care

Planning ahead is not always an option. Emergencies happen. In those difficult cases, the last thing you want to do is figure it out on your own. Creating an emergency plan will minimize the stress and financial burden that often hit in these situations. You may be surprised at what options you have.

Legal Representation in the Courtroom

Nobody wants to go to court, but sometimes it’s necessary. Probate and guardianship court can be a long and emotional process. You want experience on your side to make the process as pain-free as possible.

We wrote the book on planning (literally).

The insider strategies listed in this book can save (or make) you tens of thousands if executed properly. You Need A Plan is your starting point to preparing for the future.

You Need A Plan - 2nd Edition

Before you go...

Take some free reading material with you! One of these stories could hold the answers you’ve been looking for. You’ve got nothing to lose by grabbing a free copy.