At Stan Miller Law Group, our estate planning attorney in Little Rock, AR, is committed to offering our clients comprehensive estate planning services, from creating a living trust and last will and testament to selecting a healthcare power of attorney to setting up private annuities.
Create a Living Will: This is an incredibly important document regardless of how large or small your estate is. A living will provide direction on healthcare issues, such as how you want to be treated if you are terminally ill, on life support, or are in some way incapacitated. This is valuable information for your family and healthcare providers.
Create a Last Will and Testament: This is what people commonly think of when it comes to estate planning. The last will and testament detail out how you would like your assets to be distributed after you pass.
Choose a Guardian for Living Children: If you have young children or a child with disabilities, you can designate a guardian in the event that you die or become incapacitated.
Create or Review Beneficiary Designations: Certain items, such as life insurance or 401(k) plans, can be distributed to heirs without being listed in the last will and testament. Make sure financial assets have a beneficiary as well as a contingent beneficiary.
Name an Executor: The executor of your estate will make sure that your wishes are followed and your assets are distributed as outlined in your will. This is often a family member, but can also be a bank trust officer, an accountant, or an estate attorney.
Designate Powers of Attorney: You will want to choose someone who will be responsible for your care and making decisions on your behalf for both healthcare decisions and financial decisions. Someone handling financial matters is referred to as a durable power of attorney.