Probate and Estate Planning Attorneys in Arkansas
After you die, your estate will often pass through a process known as probate. Without the proper planning, this process can be lengthy, expensive and confusing. Thus, whether you have only a few assets or a large estate, creating an appropriate estate plan is always a good idea. Below is some information to help you understand estate planning and the probate process.
About Estate Planning
The purpose of an estate plan is to make sure your assets are distributed according to your wishes and that any people who depend on you for financial support have the resources they need after your death. In some cases, an estate plan can help you avoid probate and/or simplify the probate process. Estate plans may include several different elements depending on your needs and preferences. Tools used in estate planning include living wills, last will and testament, power of attorney and trusts. An estate planning attorney can help you understand each of the tools and select the ones that are most appropriate for you.
Probate is a legal process that involves reviewing a deceased person’s will, settling his or her debts and distributing property according to his or her wishes. In cases where the deceased person left no will behind, property is distributed in accordance with state law. During probate, an estate administrator is appointed by the court to oversee the process. In many cases, this individual is named in the deceased person’s will. If you have been named the administrator of a loved one’s estate or if you are otherwise involved in a probate case, having counsel and representation from an experienced probate attorney is highly recommended.
As experienced probate and estate planning attorneys, the attorneys at Nolan Caddell Reynolds are proud to provide guidance and representation to clients of all backgrounds in Jonesboro, Fort Smith, Fayetteville and Rogers. Please contact us today to learn more.