The Great Debate: Trusts or Wills for Your Arkansas Estate Plan?

Episode Summary:

In this insightful episode of the Juris Law Podcast, attorneys Kimbro Stephens and Shane Cox dive deep into the great debate of Trusts vs. Wills for Arkansas estate planning. They explore the key differences, benefits, and common misconceptions surrounding these essential legal tools, offering valuable guidance for anyone considering their estate planning options.

 

Key Timestamps:

00:00 - Introduction

00:45 - Primary purposes of trusts and wills

01:33 - Why everyone needs a will

02:42 - Types of trusts: revocable vs. irrevocable

05:46 - Determining if you need a trust

07:35 - Complex estates and blended families

09:09 - Trust administration vs. will administration

10:22 - Trust benefits for minors and special needs

11:38 - Tax considerations for trusts and wills

15:24 - How often to review estate plans

 

About The Show:

The Juris Law Podcast features Kimbro Stephens (Managing Attorney) and Shane Cox (Chief Legal Counsel) at Jurist Law Group. With extensive experience in healthcare and elder law, they help families navigate long-term care, asset protection, and estate planning complexities.