Wills, Trusts & Estate Planning Attorney

Home Wills, Trusts & Estate Planning Attorney

SERVICE

Making Sense of Wills, Trusts & Estate Planning With An Attorney

Understanding wills and estate planning doesn’t have to be daunting. At MGW Law Partners, our mission is to simplify the process for you. Estate planning involves the development of strategies to transfer your assets in the event of your death. A will, on the other hand, is a legal document expressing how your assets should be distributed when you pass away.

Wills come in various forms, each designed to serve a specific purpose. From simple wills (for straightforward asset distribution) to testamentary trust wills (which establish trusts upon death) to joint wills (created by two individuals to leave their property to each other) – we can help you determine which fits your needs the best.

The History of Wills, Trusts & Estate Planning

The practice of estate planning dates back to ancient times. From the Romans creating early forms of wills, to the English law of the Middle Ages refining inheritance rules, this historical tradition has long been a means for individuals to protect and pass on their assets.

Over centuries, estate planning has evolved significantly to meet the changing needs of societies and legal frameworks. Today, it is a complex field involving a multitude of strategies to efficiently manage and transfer assets. Our understanding and respect for this history empower us to offer more context-driven and effective solutions.

Experienced Estate Planning Attorneys: Your Shield against Bad Estate Deals

In real estate, as with any substantial investment, there’s a potential for deals to go sour. However, with the right estate planning attorneys on your side, such risks can be drastically reduced.

At MGW Law Partners, we offer not just our expertise in estate law, but also a wealth of experience in real estate. Our legal counsel aims to protect your interests, help you navigate complicated transactions, and prevent disputes before they arise. With us, you don’t just get an attorney – you get a trusted advisor committed to safeguarding your assets.

PRACTICE AREAS

Personal Injury

Family Law, Divorce & Child Custody

Construction Litigation

Medical Malpractice

Wills, Trusts & Estate Planning

Real Estate & Property Transactions

Criminal Defense

Landlord Services

Business Law & Contracts

Appellate Law

OUR ATTORNEYS

Comprehensive Estate Planning Services

MGW Law Partners is proud to offer a comprehensive range of estate planning services, including:

Wills & Trusts

We help you create legally sound documents that ensure your assets are distributed as you desire.

Living Wills & Healthcare Directives

These tools help dictate your wishes regarding healthcare if you become unable to make decisions.

Power of Attorney

We assist in delegating legal authority to someone you trust to handle your affairs in case you are unable to do so.

Estate Administration & Probate

We guide personal representatives, beneficiaries, and creditors throughout the estate administration process.

Guardianships & Conservatorships

We assist in establishing legal authority to care for a minor or incapacitated person and manage their affairs.

Estate & Gift Tax Planning

We help plan your estate to minimize potential taxes and maximize the assets passing on to your heirs.

GET MY FREE CONSULTATION

The MGW Law Partners Difference

At MGW Law Partners, we pride ourselves on building strong relationships with our clients, rooted in trust and respect. As a distinguished law firm located in Fayetteville, AR, serving clients throughout the state of Arkansas, our personalized, empathetic, and detail-oriented approach sets us apart. When you choose MGW Law Partners, you choose a dedicated attorney committed to protecting your interests and ensuring your peace of mind.

No matter the size of your estate or the complexity of your situation, our lawyers are committed to providing you with the best legal counsel. Trust MGW Law Partners to secure your legacy.

Begin Your Estate Planning Journey Today

Embark on your journey towards a more secure future with MGW Law Partners, Attorneys at Law. We understand that estate planning isn’t just about material wealth – it’s about preserving your legacy, ensuring your loved ones are cared for, and providing you with peace of mind.

Estate planning is a responsible step towards protecting your assets, and it’s never too early or too late to start. Reach out to our dedicated team of attorneys to discuss your unique needs and how we can best address them.

Your First Consultation: What to Expect

During your first consultation, our experienced attorneys will listen to your needs, assess your situation, and provide practical, easy-to-understand advice. We believe that every client’s situation is unique, which is why we adopt a personalized approach to offer you the best possible solutions. Whether you’re starting from scratch or need to make changes to your existing estate plan, our attorneys will guide you through every step, ensuring that your estate plan is customized to your specific needs.

Join the MGW Law Partners Family

When you choose MGW Law Partners, you’re not just hiring an attorney, but joining a family of professionals who genuinely care about you and your loved ones’ well-being. We’re proud of our reputation for providing compassionate and competent legal counsel.

Our years of experience, combined with a strong commitment to our clients, makes us an excellent choice for all your estate planning needs. Join the MGW Law Partners family today, and rest assured knowing that your future is in capable hands.

OUR PROCESS

How We Work



Discuss

At MGW Law Partners, we begin every wills, trusts, and estate planning process by engaging in a comprehensive discussion with our clients to understand their specific needs and objectives, ensuring a tailored approach to each case.



Research

Our dedicated team conducts thorough research on all aspects of the client’s situation, including legal, regulatory, and market analysis, to provide our clients with informed advice and strategic options.

Finalize

We meticulously work through the negotiation and documentation stages to finalize agreements that protect our clients’ interests, paying close attention to every detail to secure a successful outcome.



Report

MGW Law Partners ensures transparency throughout the wills, trusts, and estate planning process by providing regular, detailed reports on case progress, enabling our clients to make informed decisions every step of the way.

GET MY FREE CONSULTATION

Contact Us

Ready to take the first step towards securing your legacy? Get in touch with us today. You can reach us via phone, email, or by visiting our office in Fayetteville, AR. Our friendly staff will be happy to assist you in scheduling your first consultation with one of our experienced estate planning attorneys. MGW Law Partners, we look forward to serving you and helping you achieve your estate planning goals.

MGW Law Partners: Secure Your Legacy with Confidence

At MGW Law Partners, Attorneys at Law, we are dedicated to providing top-tier estate planning services with a personal touch. With our expertise and your vision, we can create a plan that truly represents your wishes and secures your legacy for generations to come. Choose MGW Law Partners today, because your peace of mind is our priority.

Welcome to MGW Law Partners – your future starts here.

Frequently Asked Questions

What is estate planning and why is it important?

Estate planning is the process of organizing your assets and deciding how they will be managed or distributed after your death or if you become incapacitated. It’s important because it gives you control over your estate and can save your loved ones significant time, money, and stress.

What is a will?

A will is a legal document that details how you want your property and assets distributed after your death. It can also name guardians for any minor children. If you die without a will, state law will dictate how your assets are distributed, which may not align with your wishes.

What does probate involve?

Probate is the court-supervised process of authenticating a deceased person’s will, settling their debts, and distributing their estate as per their will or, in the absence of a will, state law. The process can be time-consuming and costly, which is why many opt to plan their estate in a way that avoids probate.

What is a trust, and how does it differ from a will?

A trust is a legal arrangement where a trustee holds and manages assets for the benefit of others (beneficiaries). Unlike a will, a trust can manage assets during your lifetime and beyond, offering benefits like potential probate avoidance and tax savings.

What is a power of attorney?

A power of attorney is a legal document that gives someone else (your agent) the authority to make decisions and handle matters on your behalf if you become unable to do so. This could be due to illness, disability, or even absence.

How often should I update my estate plan?

While there’s no set rule, it’s generally advisable to review your estate plan every 3-5 years, or sooner if there are significant changes in your life, like marriage, divorce, the birth of a child, death of a family member, substantial change in assets, or changes in tax laws.

Can I do estate planning myself, or do I need an attorney?

While it’s possible to do some estate planning tasks yourself, it can be easy to overlook important details. Complex matters like trusts, tax planning, or large estates are best handled by a professional. A skilled estate planning attorney can provide advice tailored to your specific situation, ensuring that your estate plan is legally sound and meets your wishes.

Please note that these are general answers and may not fully apply to your specific situation. Always consult with a knowledgeable attorney for personalized advice. If you have more questions, don’t hesitate to contact us at MGW Law Partners, Attorneys at Law. We’re here to guide you through your estate planning journey.

What is a living will?

A living will, also known as an advance healthcare directive, is a legal document that specifies what actions should be taken for your health if you are no longer able to make decisions for yourself due to illness or incapacity. It can be a crucial part of your estate plan as it outlines your medical preferences and could guide decisions about life-sustaining treatments.

Can a will be contested?

Yes, a will can be contested, but only under specific circumstances, such as when the person contesting the will can demonstrate that it was executed under duress, fraud, or undue influence, or the deceased was not of sound mind at the time the will was made. It’s crucial to have a professionally-drafted will to reduce the chances of such disputes.

What happens if someone dies without a will?

If someone dies without a valid will, they have died “intestate.” In such cases, the distribution of the estate will be handled according to state intestacy laws, which may not reflect the deceased’s wishes. Generally, assets are distributed to the closest relatives such as spouses, children, parents, or siblings.

What's the difference between revocable and irrevocable trusts?

A revocable trust, also known as a living trust, can be changed or revoked entirely by the trustmaker during their lifetime. An irrevocable trust, once created, generally cannot be altered or terminated without the consent of the beneficiaries. Each type of trust has its benefits and drawbacks, including differing effects on estate taxes and asset protection.

What is a guardianship or conservatorship?

If a person becomes incapacitated or is a minor and can’t make decisions for themselves, a court may appoint a guardian or conservator. A guardian makes personal decisions for the individual, like those concerning healthcare or living arrangements, while a conservator handles financial matters.

We hope these answers help clarify some common questions around estate planning. If you have additional queries or need assistance with your estate planning needs, please reach out to our team at MGW Law Partners, Attorneys at Law. We’re here to provide the guidance you need for peace of mind.

Let’s Get Started

Plan for the future with confidence. Safeguard your assets and loved ones. Get in touch with our estate planning attorney for a FREE consultation to ensure your legacy is protected.

GET MY FREE CONSULTATION

PRACTICE AREAS

Personal Injury

Family Law, Divorce & Child Custody

Construction Litigation

Medical Malpractice

Wills, Trusts & Estate Planning

Real Estate & Property Transactions

Landlord Services

Business Law & Contracts

Appellate Law

OUR ATTORNEYS