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farrar and williams attorneys in hot springs arkansas specializing in elder law and estate planning

ESTATE PLANNING

Estate Planning in Hot Springs, Arkansas

estate planning for young adults

Estate Attorney | Hot Springs


Estate planning allows you, while you are still living, to decide where your possessions go and who they go to. Estate planning also includes assigning power of attorney, for managing property and making healthcare decisions, and a will for managing your property after death. A revocable living trust can also be planned to help you avoid probate and to manage your estate during your lifetime and after you are gone.

Estate planning can help give you peace of mind. The staff and estate planning attorneys at Farrar & Williams, PLLC are determined to help you build the best plan for you and your family.

Estate Planning for Young Parents


Your estate plan indicates how you want your assets to be managed during your life and after your death. By building a carefully considered plan, Farrar & Williams, PLLC hopes to give you peace of mind and a confidence for your future. Estate planning is nothing more than being prepared for the possibility of illness or death within one’s family. Rather than leaving to chance the management of your assets accumulated over a lifetime of hard work, we recommend that you have a comprehensive plan.

Some of the most common objectives or goals of estate planning, include the following: protection of you financial security, probate avoidance, estate tax reduction, second marriage planning, planning for high cost of nursing home care, distributing assets in desired manner to your children, planning for possible inheritances by your children or grandchildren.

estate planning for second marriages

An estate plan also includes disability or incapacity planning, including living wills, healthcare powers of attorney, and durable powers of attorney. A Last Will and Testament allows you to also name a guardian for your minor children, in the event of your death.

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