The Elrod Firm

Estate Planning

Can You Give Me Some Direction?

Justin, I want to get my affairs in order, but I’m not sure where to start. I did a will many years ago, but it’s outdated now. I considered deeding my home to my children to keep it out of probate, but my accountant advised against it. It seems like there is a lot to think about, but I don’t know all the right questions to ask much less all the answers. Can you point me in the right direction?

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Why The Difference In Cost?

Justin, I met with two different attorneys in the past couple of weeks to discuss estate planning, and both recommended that I create a trust to avoid probate court. However, one of the attorneys quoted me a price that was double what the other attorney quoted. Can you explain why there would be so much difference in cost from one attorney to the next?

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What Is The Most Common Problem With An Old Trust Plan?

Justin, My name is Mike, and I am a long-time resident of Hot Springs Village. Before retiring, I had my attorney in Jonesboro setup a Revocable Living Trust for me. I had to go through probate court when my father died, and I wanted to ensure my children avoided that. I think my legal affairs are in order, but I need a specialist’s opinion for peace of mind. What is the most common problem you see with old trust plans?   Should I be worried?

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