Avoid Probate, Avoid Stress
Living Trusts
Why Do I Need A Living Trust?
A revocable living trust allows you to transfer ownership of your assets into a trust during your lifetime, while retaining full control to amend or revoke it at any time. Upon your death, assets held in the trust pass directly to your designated beneficiaries without going through probate—the court-supervised process that can be lengthy, expensive, and public in many states. This avoids delays of months or years, reduces administrative costs and fees, and keeps your estate details private rather than becoming a matter of public record. Additionally, if you become incapacitated, a successor trustee can seamlessly manage the trust assets for your benefit without the need for court-appointed guardianship. While a simple will is sufficient for many basic estates, a living trust provides greater efficiency and protection for those with significant assets or concerns about probate.
Wills vs. Trusts: Which Is Right for You?
Both wills and trusts are essential estate planning tools, but they serve different purposes and are best suited for different situations. Understanding the pros and cons of each can help you make the right decision for your family, assets, and long-term goals.
Wills
A will is a legal document that outlines how your assets should be distributed after your death and allows you to name guardians for minor children.
Pros
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Simple and cost-effective to create
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Allows you to name guardians for minor children
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Clearly states your wishes for asset distribution
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Easy to update as life changes
Cons
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Must go through probate, which can be time-consuming and public
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Provides no asset management if you become incapacitated
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Delays distribution of assets to beneficiaries
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Offers limited protection from disputes or challenges
Best for:
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Individuals with modest assets
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Young families primarily concerned with naming guardians
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People who want a straightforward plan and minimal upfront cost
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Those comfortable with probate and public record proceedings
Trusts
A trust is a legal structure that holds and manages assets for your benefit during your lifetime and transfers them to beneficiaries according to your instructions, often without probate.
Pros
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Avoids probate, saving time and maintaining privacy
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Provides continuity and management if you become incapacitated
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Allows for more control over when and how beneficiaries receive assets
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Can reduce court involvement and potential conflicts
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Ideal for protecting minor children, blended families, or special needs beneficiaries
Cons
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Higher upfront cost than a will
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Requires proper funding to be effective
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Slightly more complex to create and maintain
Best for:
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Homeowners or individuals with significant assets
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Families who value privacy and faster asset distribution
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Those concerned about incapacity planning
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Blended families or parents who want structured inheritance timelines
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Anyone seeking long-term control and protection of their legacy
How Do I Get Started?
We have three convenient locations around Central Arkansas to serve you. Give us a call or send us a message and our team with help answer your questions and set you up with a Free Consultation!
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