Do Nothing Plan Put your family through the pain of probate with its gigantic legal fees, aggravations, and wasted time before they get their inheritance The State through a Judge, not you, decides who gets what, when, how, and how much In case of your incapacity, a Judge picks who is in charge, not you […]
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What happens when you have a one page will? Hi. I’m Gary the owner of DeWitt Law Firm. We are with you every step of the way. Get started now by going to dewitt dot law. What’s left out can really hurt with a Will. Recently I had a client come in with his dad’s […]
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What happens when you have a one page will? Hi. I’m Gary the owner of DeWitt Law Firm. We are with you every step of the way. Get started now by going to dewitt dot law. What’s left out can really hurt with a Will. Recently I had a client come in with his dad’s […]
The post What’s Wrong with a One Page Will? (Video) appeared first on DeWitt Law Firm, PLLC.
Can Anybody Create a Will? No, not just anybody can create a Will. First, you must be 18 years old or older to create a Will in Arkansas. Second, you must have the mental capacity to make a Will. However, the mental requirements are less than those to sign a contract. You need to know […]
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Jack and Jill thought all they needed was wills. However, when Jack developed dementia, they learned that a will isn’t enough.
You need more than a Last Will and Testament to have a complete estate plan.
Your Last Will and Testament does not protect you, your family, your money, or your other property during your lifetime!
Estate planning is about more than giving your stuff away. Estate planning is about protecting you, your healthcare, your money, your property, your family, and your freedom of choice during your lifetime as well.
Your Last Will and Testament describes how you want to give your stuff away. But it does not provide any lifetime protection.
In order to get lifetime protection you need a durable power of attorney, healthcare power of attorney, HIPAA waiver, and a living will at a minimum in addition to your Last Will and Testament?
There is a way to keep control and freedom of choice, even in the case of dementia.
You can provide even more lifetime protection by adding a revocable living trust to your plan. The trust will name somebody to manage the trust assets if you can’t. You can even name a corporate trustee like a bank to manage if you can’t or to make the final distribution.
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What are the super powers of powers of attorney?
Hi. I’m Gary, owner of DeWitt law. We help make your and your family’s life easier because we are there every step of the way.
Get started today at dewitt law ar dot com forward slash get started
Powers of attorney are super because they almost have super powers.
Powers of attorney have the power to save you Money, time, and for you to stay in control.
In addition to these super powers a power of attorney empowers someone else to speak for you when you can’t. If you are injured, have a major medical incident, or develop dementia, your power of attorney tells the world who you want to speak for you and make decisions for you.
Without Powers of Attorney, nobody is legally allowed to make decisions on your behalf without going to court. A judge must appoint somebody to speak for you.
While you are competent, you can monitor your agent’s behavior. If they are getting in financial trouble or abusing the power of attorney, you can cancel it and replace them.
You can’t cancel a guardianship if you aren’t declared competent. You won’t get the chance to monitor the guardian ahead of time.
Here are even more benefits of a durable power of attorney:
Protect you and your finances. Without a durable power of attorney, you don’t know who will be appointed to watch over you and your finances.
Avoid costly guardianship proceedings. They can cost $3,000 or more per person. Powers of attorney are about $600.
Save money and protect your estate because you’ve planned in advance. If you don’t have durable powers of attorney, then your family is forced to court.
Ensure your wishes are carried out quickly, without the need for a Judge to intervene and interfere.
Get your super powers of attorney started now by going to dewitt law ar dot com forward slash get started.
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Joe wrote out a list of what he wanted to go to certain people. However, that’s all it was, a list of people followed by what they get. His family later found out that wasn’t enough.
Just writing down your wishes is not enough. It takes the right legal format and wording to make a proper last will and testament.
A Last Will and Testament is a list of instruction for the distribution of your final estate. It names the person, the executor, who will be in charge of the distribution. Its other very important function is to name your choice of guardian for children under the legal age of 18.
The requirements for creating a Will in Arkansas are basic. You must be over 18, know what you have and know who you want to have it. If you meet those three requirements, then you can create your Will. Even people with mild to moderate dementia can still create a Will since the mental requirements are not hard to meet.
A Will lists the people or organizations and charities that you want to receive gifts of your property. If you have children, including adopted children, that you want to leave out, they must be mentioned in the Will. Otherwise, by Arkansas law, they can make a claim against your final estate.
A Will also lists the powers that your executor will have. Wills without any powers listed must have almost every action approved by a Judge. Wills with a comprehensive list of powers need fewer trips to the Judge to get permission to do things.
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