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Estate Plan Drafting The cost of creating a will in Arkansas typically ranges from $250 to $850. A trust in Arkansas, on the other hand, can cost between $900 and $2950. At Snug, any member can create a Power of Attorney and Health Care Directive for free. A Will costs $195 and a Trust costs $500.

Common estate planning documents are wills, trusts, powers of attorney, and living wills. Everyone can benefit from having a will, no matter how small their estate or simple their wishes.

This type of planning helps determine who can make decisions on your behalf, who takes care of your dependents, and how to avoid unnecessary taxes and waiting periods. Estate planning covers any decisions regarding money, property, medical care, dependent care, and other matters that can arise when a person dies.

4 essential estate planning documents A will distributes assets upon death. A power of attorney manages finances. Advance care directives manage your health. A living trust is an alternative to a last will.

Valid Wills In addition to being made by someone 18 or older and of sound mind, the following conditions must be met: it must be in writing (oral wills are not valid) the person making the will must sign it. if typed, the will needs two or more witnesses who cannot inherit anything from the will.

Estate planning, in simple terms, is managing, preserving and distributing of a person's movable and immovable assets (financial and non-financial assets) after the person's demise to his loved ones. A good estate plan will ensure that this transition is a smooth one and the family's needs are taken can care of.