Manage your wealth today to protect your legacy tomorrow

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    An initial consultation, up to one hour, is FREE for general estate planning, estate administration, probate, GUARDIANSHIP or a family law matter if you bring your completed Questionnaire with attachments and all decision-makers attend; otherwise, we charge by the hour.  An initial consultation for long term care planning with Medicaid &/or VA Pension costs $500.  We charge by the hour, in one-tenth of an hour (6 minute) increments, for all time spent on real estate, corporate and other business matters, or for any advice outside the initial consultation when you have not engaged us under a flat fee agreement.  Any quote we give you for a flat fee is binding if we receive all requested information and are engaged to commence work within 30 days.  We accept Visa and MasterCard but assess a 2% surcharge when doing so.  Please come to any initial consultation prepared to pay the initial consultation charge (for Medicaid/VA, real estate, etc.), and/or one-half of any flat fee, or a retainer for hourly work.

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Estate Planning Fundamentals

One of the kindest things we can do for our loved ones is to plan for the day we lose mental capacity, lack the ability to express our wishes regarding our own health care, or die. Unfortunately, most people do not know where to begin. The attorneys at Ball Corley PLLC strive to educate the public about the need for proper estate planning, the consequences of failing to plan and the benefits of having a comprehensive plan designed to meet your specific needs. We would be pleased to show you how easy it can be to protect yourself during your lifetime and your family after your death. We will explain:

  • How you can have input into who rears your children in the event you die before they turn 18;
  • Why everyone age 18 or older should have certain powers of attorney and other legal documents in place, even if he or she owns no valuable property;
  • How to reduce or eliminate the cost of probate or estate administration;
  • How to avoid the cost and humiliation of a guardianship proceeding if you get dementia or otherwise lose the ability to manage your own affairs or health care;
  • How you can protect your children and grandchildren’s inheritance from their divorces and creditors;
  • How to protect assets intended for your children and grandchildren in the event your spouse remarries;
  • How to protect your children in a blended family in the event you die before your spouse;
  • How to start a gifting program for children and grandchildren;
  • Ways to provide for the orderly transfer and survival of a family business rather than a distress sale; and
  • What will happen if you do nothing.

 

At Ball Corley PLLC, we consider four key essentials when creating your estate plan:

  • You – The most important element of an estate plan is to see that you and your concerns are addressed. Accordingly, we first consider your goals as well as your age and health condition, and your resulting life expectancy, anticipated healthcare needs and costs.
  • People and Causes – We next consider your loved ones, whether that is a spouse, children, grandchildren, parents, siblings, other relatives, friends or pets, and how best to provide for them over time. Many people also want to create a legacy by leaving a portion of their estate to charitable causes with which they have long been associated. Think about the people and institutions that have made a big impact on your life and decide which you want to include in your estate plan.
  • Assets – We then review assets that you own or control, including your home and other real estate, vehicles, investment accounts, life insurance policies, an interest in a professional practice, family farm or other closely held business, and we explore how to protect them now as well as ways to minimize future taxes and transfer costs. We evaluate the consequences of your form of ownership whether you own a 100% interest, or own assets jointly with a spouse, business partner or others.
  • Planning Decisions – Once you’ve identified your own needs and those of the people and causes most important to you, and identified your assets, we design and create an estate plan to meet your specific needs. This plan will reflect your decisions regarding:
    • Whom would you choose to care for your children under age 18 if you could no longer do so?
    • Which is best for you, a Will or a Trust?
    • Whom would you choose to make health care decisions for you if you could no longer make them for yourself?
    • Whom would you choose to handle your finances – write checks, pay your bills, sign contracts and sell your home if need be?
    • To whom do you want to distribute your assets? And when? Are your loved ones mature enough to wisely handle a lump sum at your death or should funds be distributed to them over time?
    • Are any of your beneficiaries receiving SSDI, SSI, Medicaid or other benefits due to special needs?
    • Would you prefer to keep your assets and planned distribution of them private?
    • Would you like to spare your heirs the cost, tedium and delay of the probate process?
    • If you have a taxable estate (over $5.45 million as of 2016 if single; $10.9 million if a married couple), do you wish to minimize the impact of estate taxes or maximize the impact of a charitable bequest?

 

We will work with you to design an estate plan that meets your specific needs and the needs of your loved ones. It will include a Will in almost all circumstances, and it may include a Revocable Living Trust and/or an Irrevocable Trust. In addition, we will create your General Durable Power of Attorney, Health Care Power of Attorney, HIPAA Authorization, Living Will and certain other coordinated documents to address your unique situation and desires.  If you plan to marry soon and wish to protect your assets for the benefit your heirs we can prepare a premarital agreement.

 

Request a Consultation to find out how these documents can benefit you. Experience tells us that we can assist you most efficiently, and at a lower cost, if we send you an Estate Planning Questionnaire for you to complete before our initial meeting. If you bring the completed Questionnaire to your initial estate planning consultation, it is free up to one hour.  At that meeting, we will review your Questionnaire, show you where your property will go and the associated cost if you do nothing, analyze whether a Will or Trust works better for you, answer any questions, identify issues you have yet to consider and recommend a course of action. Once we know the estate plan you prefer we can quote you a fixed price to create that plan; that fee will be binding for 30 days. If you choose to engage us, we document our services in an Engagement Agreement which provides for payment of one-half of our fee then, with the balance to be paid when the plan is ready to be signed, typically a few weeks later. We will accept a Visa or MasterCard but assess a 2% fee when doing so.  Although we offer a free initial consultation to discuss a new estate plan, if you primarily want us to review existing estate planning documents we must charge for that time, even if performed during the initial consultation.  We hope to meet you soon. 

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The attorneys of Ball Corley PLLC proudly serve the entire State of Arkansas with respect to:  Estate Planning (wills, trusts, powers of attorney, HIPAA authorizations, living wills and visitation directives); Elder Law (Medicaid, veterans administration pension and long term care planning); Probate; Trust and Estate Administration; Guardianships; Family Law (adoption, divorce and separation, child custody and visitation, support obligations, post-decree modification and paternity); Premarital Agreements; Collaborative Law; Mediation; LGBT Laws; and Real Estate Transactions.

Notice and Disclaimer: This Ball Corley PLLC website is intended only to give general information which we believe may be helpful; it is not intended to be advertising or a solicitation, or to provide legal advice. If our website includes any links to other sites they are for information only and should not be interpreted as an endorsement. Although we try to keep the information on our website current it may not always reflect the latest laws, decisions or dollar amounts. And, the general rules provided may not apply to your specific situation; for every general rule there are multiple exceptions to that rule. Therefore, we strongly recommend that you consult with us or another qualified licensed attorney rather than taking any action in reliance on any information contained in this website. Neither your visit to our website, nor your phone call or email to our office, will create an attorney-client relationship with Ball Corley PLLC or its attorneys; such a relationship can be established only by our written agreement to represent you.

If you contact us via phone or email, please do not disclose any information which you deem to be confidential. Only after we have agreed to represent you are we governed by Rule 1.6 of the Arkansas Rules of Professional Conduct regarding Confidentiality of Information. That Rule requires that we hold in strict confidence any and all confidential information revealed to us by our clients, subject only to certain narrow exceptions (such as to confer with your CPA, investment advisor or another professional). We are also bound by Rule 1.18 and other Rules of Professional Conduct.

You may print or reproduce materials found on this website in their entirety, without any modification, for your personal and/or educational use only if you include this Notice and Disclaimer in such reproduction.

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