You likely have many people depending on you for support. If you have a spouse or child with special needs, that obligation is enhanced. There are ways to assure this support even if taxes and other obligations threaten to deplete your assets upon your incapacitation or death.
Choate Law Firm, PLLC takes all these circumstances into account when developing your estate plan. Our strategy-driven personalized approach assures we evaluate what works best whether that includes a will, trust, power of attorney or advance directive. For example, if you are concerned about creditors depleting your assets or excess tax burdens, we can introduce you to different types of trust to offer protection. Every estate plan is customized to your needs.
This includes health issues and authorized treatment. If you remain healthy, we implement “just in case” measures that go into effect if you are incapacitated. This allows you to provide instructions so your affairs continue even when you are not available. However, these steps are not limited to those in the prime of their lives. Even if you are terminally ill, it is not too late to address these matters as long as you remain mentally competent.
Choate Law Firm is based in Searcy, Arkansas and serves Lonoke, White, Pulaski, Independence, Cleburne, and Jackson counties. To get started on estate planning, contact us to schedule a consultation.