“I don’t want to die—but since I can’t avoid it, I might as well plan for it!”
In this episode, Dennis Simpson sits down with Bethany from the Elrod Law Firm to demystify estate planning. Many people put off this conversation for decades, but as Bethany explains, getting your ducks in a row is actually a massive relief once it’s done.
We dive into the “3% rule” of Arkansas probate, the hidden risks for blended families, and why a Revocable Living Trust might be the smartest move you ever make for your heirs. Whether you have a massive estate or just want to make sure your car goes to the right person, this episode is a must-watch for residents of Hot Springs Village and beyond.
Topics covered in this episode:
What exactly is “Probate” and why is it so expensive in Arkansas?
The danger of sole-ownership assets (even for spouses).
Why stepchildren might be unintentionally left out of an inheritance.
The difference between a Will and a Revocable Living Trust.
How to get a free initial consultation at the Elrod Law Firm.