Trust Attorneys Siloam Springs AR

Setting up a trust on your will is a complicated matter that should be handled with the help of an estate planning and trust attorney. Make it easy on your trust beneficiaries and take care of your estate planning ahead of time. An experienced trust attorney can help you save on estate tax. Please scroll down to learn more and get access to the estate planning and trust attorneys in Siloam Springs, AR listed below.

Brooke Ellen Lockhart
P.O. Box 282
Siloam Springs, AR
State Licensing
Arkansas

Daniel R. Elrod
PO BOX 460
SILOAM SPRINGS, AR
State Licensing
Arkansas

David Allen Bailey
P.O. Box 310
SILOAM SPRINGS, AR
State Licensing
Arkansas

John E. Brown III
17900 Ridgeway Drive
Siloam Springs, AR
State Licensing
Arkansas

Donald Paul Balla
JOHN BROWN UNIVERSITY
SILOAM SPRINGS, AR
State Licensing
Arkansas

Paul John Eldridge
(479) 524-7468
2000 W University St
Siloam Springs, AR
Education
Trinity Law School,John Brown Univ
State Licensing
California

Steve King Mckinney
P.O. Box 460
Siloam Springs, AR
State Licensing
Arkansas

Michael E. Moss
803 South Dogwood
Siloam Springs, AR
State Licensing
Arkansas

Dena C. Dickinson
P.O. Box 248, 209 S. BROADWAY
Siloam Springs, AR
State Licensing
Arkansas

Andrew Jeffery Anglin
1109 Raintree Lane
Siloam Springs, AR
State Licensing
Arkansas

Trust

Q: I have created and revised my wills in the past. The issue is that, as a single person, I'm having trouble finding an executor for my will. I don't trust my sister to carry out my instructions and, sadly, I also don't believe my parents would be good either. Other than friends, are there any other options for establishing an executor for your will? I want to make sure I get someone who will carry out my instructions without bias, self-interest, greed or questions. If there aren't any options, what would you suggest given the scenario?

 

I commend you for your foresight in both creating and updating your will. Your advance planning now will likely save your intended beneficiaries time, confusion and angst in the future. As you believe your sister or parents might not be appropriate executors for your will, you still need to choose someone whom you can trust to carry out your wishes. I recommend making sure your selection is amenable to the designation in advance, as this can be a time consuming responsibility.

You have ruled out friends and business associates, so I suggest a reputable lawyer or accountant would be the best solution for you. If your will is complex, there is the added benefit of those professionals’ familiarity with tax, probate and business administration issues. As you are aware, the executor must satisfy any debts owing from your estate, administer appropriate tax filings and estate returns and ensure that your asset distribution plan is followed to the extent most feasible. And while a family member might agree to administer your estate without taking a fee, an executor, in particular when a professional is so designated, is entitled to and will expect to be paid for their services. I suggest you address the parameters of that compensation at the time the executor is designated.

If you still want someone closer to you involved, you can designate co-executors (such as your family member/friend/business associate) and the lawyer/accountant. Finally, I also suggest choosing an alternate executor so that your probate can proceed more smoothly in the event your original executor appointment (if not co-executors) is unable to act as an executor at your death. While a probate court in the absence of an executor may choose an administrator for your estate, this of course lessens your control over ensuring that your wishes are followed as closely as possible.

__________________________________

DISCLAIMER: This publication is distributed with the understanding that it does not constitute legal advice or establish an attorney/client relationship by way of any information contained herein. The information provided is for general purposes only, as readers are advised to consult with a qualified lawyer regarding the specifics of their particular circumstances.


Set as favorite Bookmark Email this Comments (0) Add Comment feedSubscribe to this comment's feed
Write comment You must be logged in to post a comment. Please register if you do not have an account yet. busy

Click here to read more from Single Edition