The Elrod Firm

Ask The Pros

Relevant answers to the most common questions about estate planning and elder law.

Asset Protection

What If I Don’t Have a Plan?

Lindsey, if I pass away, what happens to my family if I don’t have an estate plan?             – Laney Laney, Arkansas law actually does provide …

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Probate

How Can We Keep This Out of Probate?

Justin, my dad recently passed away, and my mom has been hit with a surprise that we don’t know how to handle.  She recently received …

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Probate

What Is So Bad About Probate?

Lindsey, I keep hearing that I need a trust to avoid probate, but what exactly is probate and why is it so bad? – Jamie …

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Asset Protection

Why Should My Power of Attorney be Effective Immediately

Melissa, I’ve heard that my Power of Attorney should be effective immediately – as soon as I sign it – rather than it taking effect …

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Tax Considerations

Transferring The Home to My Kids

James, I know that I want my children to get the home and land when I die, so why not just give them a deed …

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Tax Considerations

Taxes and Trust

Lindsey, I’m interested in a living trust, but everyone keeps telling me that a trust will make my income taxes go up. Is this true? …

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Long-Term Care Planning

Can Mom Pay Me To Care For Her

Melissa, I am spending roughly 25 hours per week at my mother’s house caring for her, which means I am only able to work about …

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Probate

Explain What Types of Trusts Are Out There

James, I was talking with a friend at church she and her husband just made a family Trust. Is that different from a living trust?  …

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Medicaid Benefits

Do We Have To Spend Down To Nothing?

Justin, Last month my mom admitted my dad to a nursing home.  Medicare has been covering the charges so far, but she just got word …

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Estate Planning

I Created a Trust—Now Am I Protected?

Justin, I recently worked with an attorney to create an estate plan centered on a trust.  Can I relax?  Am I protected now?  – Tim …

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