Thursday, June 8, 2017

Will the Government Make Your Vital Decisions?

If you pass without a Last Will and Testament or other Estate Plan, the government has already decided who gets your stuff, when they get it, and how much everybody gets!

Secrets of Excellent Estate PlanningLearn much more by getting Secrets of Effective Estate Planning, Click Here

In the Arkansas Code Annotated, Title 28, the Legislature has already written a Will for you by law.  If you don’t write your own Will, then the State’s Will shall be used.

For property subject to probate:

Your spouse gets 1/3rd of all the money and personal tangible property.  Your spouse gets a 1/3rd life estate in all the real estate (real property).  A life estate is a special kind of ownership that only lasts for a lifetime, then ends immediately.  You spouse can’t sell the real estate without permission from all your children.

Your children get the other 2/3rds of all the money, outright.  Your children get the real estate, subject to your spouse’s life estate.

Not to mention, a Judge gets oversight and the final decision, not you.

You can act today to put your plan in the State’s place.

Call (479)717-6300, or CLICK HERE to get the book, “Secrets of Excellent Estate Planning” 

The post Will the Government Make Your Vital Decisions? appeared first on DeWitt Law Firm, PLLC.



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