Free Consultation: 501-623-9800
Tapp Law Firm
501-623-9800

Your Full-Service, Fully Professional Law Firm
In Hot Springs

Tylar Tapp

An Estate Planning Lawyer Protecting Your Future And Providing Peace Of Mind

At Tapp Law Firm, we believe estate planning is essential for everyone, regardless of their background or stage in life. Major life changes, such as divorce, the birth of a child, retirement or a serious medical diagnosis, make estate planning all the more important. By establishing an estate plan that is tailored to your wishes and situation, you can have peace of mind that your wishes will be respected and your loved ones will be cared for in the face of life’s uncertainties.

For nearly 30 years, Tylar Tapp, has served clients across Arkansas with dedication and integrity. He will be committed to guiding you through life’s legal challenges with open, honest communication. He is well-versed in the nuances of estate planning and probate proceedings under Arkansas law and will provide tailored guidance to meet your unique needs. We have built a strong reputation for excellence and are proud to be a full-service law firm that prioritizes your interests.

What Goes Into An Estate Plan?

Creating an estate plan may involve several key components, including the following:

  • Wills and trusts: These establish your wishes and protect your assets.
  • Powers of attorney: These appoint someone to make decisions on your behalf in the event of incapacity.
  • Living wills: These communicate your wishes regarding medical care and end-of-life measures.

The right estate plan can help you accomplish your estate management goals. Living trusts, for example, can help you avoid probate. Irrevocable trusts are invaluable for asset protection. Additionally, certain types of trusts can help minimize estate taxes. Attorney Tapp will work closely with you to put the right tools into place for your situation.

What Is The Difference Between A Will And A Trust?

A will is a legal document that outlines how you want your assets distributed after your death. If you have minor children, you can also recommend guardians for them in the event that something happens to you. A Will can provide for your desires regarding your funeral and what to happen with your remains. In most instances, a Will is more than sufficient to resolve issues occurring after your death. A trust, on the other hand, can manage your assets during your lifetime and beyond. Trusts can provide more privacy and control over asset distribution. They are more flexible than wills and can accomplish a wide range of goals.

A trust, on the other hand, sentence. Add sentence in same paragraph before They are more flexible. “Trust may create asset protection and impact tax or other governmental consequences on certain situations. Trust can also preserve assets from a beneficiary that is not financially savvy or provide for ongoing business operations after your death or disability. Trust can even provide for your pets after you are gone.

What Happens If Someone Dies Without An Estate Plan In Arkansas?

If someone dies without an estate plan, their assets will be distributed according to state law. This process, called intestate succession, may not align with the deceased’s wishes and can lead to prolonged legal proceedings. That’s why it’s so important to establish an estate plan.

Start Planning Your Future

Ready to take the next step? Contact us online or by phone at 501-623-9800 for a free initial consultation to discuss your estate planning needs.