• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Wilcox Attorneys, PA

Wilcox Attorneys, PA an Arkansas Estate Planning & Trust Information Center

Northwest Arkansas Estate Planning Attorneys (479) 443-0062

Client Vault
  • Home
  • Our Firm
    • Our Firm
    • About the American Academy
    • Advantages of Working With Our Firm
    • Attorney and Staff Profiles
    • News & Events
    • Speaker Connection
  • services
    • Asset Protection & Business Planning
    • Elder Law & Medicaid Services
    • Estate and Gift Tax Figures
    • Estate Planning Services
    • Family-Owned Businesses & Farms
    • Incapacity Planning
    • Legacy Planning
    • Pet Planning
    • Secure Act
    • Special Needs Planning
    • Trust Administration & Probate
  • Webinars
  • Practice Areas
  • Resources
    • DocuBank
    • Elder Law Reports
    • Estate Planning Resources
      • Estate Planning Articles
      • Estate Planning Checkup
      • Estate Planning Definitions
      • Estate Planning Reports
      • Incapacity Planning Definitions
      • Is Your Estate Plan Outdated?
      • Top 10 Estate and Legacy Planning Techniques
    • Frequently Asked Questions
      • Estate Planning
      • Frequently Asked Questions for Families Without an Estate Plan
      • Incapacity Planning
      • Legacy Wealth Planning
      • Medicaid Planning
      • Pet Planning
      • Probate
      • Trust Administration & Probate
    • Newsletters
    • Pre Consultation Form
    • Trust Administration & Probate Resources
      • Bereavement Resources
      • How to Know if You Need Extra Help With Your Grieving
      • Loss of a Loved One
      • The Mourner’s Bill of Rights
      • Things You Need To Do When a Loved One Passes Away With a Trust
      • Things You Need To Do When a Loved One Passes Away With a Will
      • Trust Administration & Probate Definitions
  • Reviews
    • Our Reviews
    • Review Us
  • Contact Us
  • Blog

Estate Planning Services

Estate and Gift Tax Figures

Nearly all of us have an estate.  An estate is simply comprised of every asset that you own, whether it be your car, home, real estate, checking or savings accounts – even your personal possessions.  Regardless of how large or small, we all have an estate and we can’t take it with us when we die.  That’s where estate planning becomes important.

Most of us would like to be able to control what happens to our “things” when we die.  We want to be able to decide who our property is given to and make sure our wishes are carried out.  In order to do that, we must provide adequate instructions for those who survive us.  When it is all said and done, it would be best that our assets are transferred to our loved-ones with the least amount of taxes, legal fees and court costs as possible.

Fayetteville Arkansas Estate Planning: What is It?

Estate planning is essentially making a plan in advance which names who you want to receive your assets after you die.  Proper estate planning is more than this, however.  It should also do the following, as needed:

  • Include instructions for your care if you become disabled before you die
  • Name a guardian and manager for the inheritance of any minor children
  • Provide for family members with special needs while maintaining eligibility for government benefits
  • Provide for loved ones who may be unable to manage money or who may need protection from creditors
  • Include life insurance benefits for your surviving family, disability income insurance if you become unable to work, and long-term care insurance to assist in financing your medical care in case of an extended illness or injury
  • Provide for the transfer of your business at your retirement, disability or death

Your plan, once established, must be reviewed and updated as your family and financial situations change during your lifetime.

Estate planning is for everyone.

Contrary to what some may believe, estate planning is not just for the wealthy or for “retired” people.  Unfortunately, most people put off estate planning for many reasons.  We think we don’t have enough assets or we aren’t old enough.  Some of us just think we have plenty of time. Since we cannot predict how long we will live, or whether we will suffer from illness or accident, estate planning should be taken care of sooner rather than later.  Once something happens, it’s often too late and the families of those who didn’t plan will be left to pick up the pieces.

Estate planning doesn’t have to be expensive.

Even if you think you may not be able to afford a complex estate plan, you can always start with something simpler.  For example a young family or single adult may only require a will, term life insurance, and powers of attorney for their assets and health care decisions.   As your needs change and your financial situation improves, you can expand your plan as required.  An experienced Fayetteville Arkansas estate planning attorney will be able to provide the necessary guidance and peace of mind that you need.

Wilcox Attorneys, PA

DOWNLOAD OUR FREE ESTATE PLANNING WORKSHEET

There's a lot that goes into setting up a comprehensive estate plan, but with our FREE worksheet, you'll be one step closer to getting yourself and your family on the path to a secure and happy future.

FREE Consultation

Sign Up for a FREE CONSULTATION today!

Office Address

Fayetteville
2766 Millennium Drive
Fayetteville, AR 72703
Phone: (479) 443-0062

Office Address

Prairie Grove
1100 Division Street, Suite 4
Prairie Grove, AR 72753
Phone: (479) 846-6026

( By Appointment Only )

Office Hours

Monday9:00 AM - 5:00 PM
Tuesday9:00 AM - 5:00 PM
Wednesday9:00 AM - 5:00 PM
Thursday9:00 AM - 5:00 PM
Friday9:00 AM - 12:00 PM

Map

map for office
  • Facebook
  • LinkedIn
  • RSS
  • Twitter
  • YouTube

footer-logo

© 2023 American Academy of Estate Planning Attorneys, Inc.