Jeffrey G. Malm, Attorney at Law, in Harrison, Arkansas, offers an array of services addressing the following legal matters related to estates:
The process of planning and providing for the proper disposition and administration of an estate includes preparation of wills, trusts, powers of attorney and other tools needed to allocate estate assets and personal powers of individuals.
Last Will And Testament
A will, if done correctly, will determine how your estate should be administered and distributed. A trust also directs disposition of property upon a person's death, but is often more expensive to establish. A living trust requires transfer of assets to the trust during the owner's lifetime to be effective. Most people do not require a trust to effectively direct the transfer of their estate at death.
Durable Power Of Attorney
A durable power of attorney is critically important for those who may need help in looking after their assets. A power of attorney is durable if it remains in effect when a person becomes incompetent or disabled. The power of attorney terminates at the person's death. A power of attorney is as important as a will because it helps in managing property before a person dies such as in the event that they are ill for a long period of time or otherwise unable to handle their affairs.
Living Wills And Medical Power Of Attorney
These are documents which designate who will make medical decisions in the event of your incapacity. They also set out the types of medical treatment to be given to you if you have a terminal irreversible decision.
Probate is the action or process of proving before a competent judicial authority that a document offered for official recognition and registration as the last will and testament of a deceased person is genuine. The process also transfers legal title of property from the estate of a person who is now deceased to the appointed, specified heirs.
Call Jeffrey G. Malm, Attorney At Law, To Schedule A Consultation
Discuss these and related strategies such as beneficiary deeds with an experienced lawyer. What estate planning documents do you need and what will it take to create them? Bring your questions to the attention of Arkansas lawyer Jeffrey G. Malm. You can reach the law office in Harrison by calling 870-743-7009 (or 888-253-0269 toll free) or sending an email message.