ATTORNEY

MICHAEL CORNETT

(501) 580-9804

In Little Rock and throughout Arkansas.

INDIVIDUALS, COUPLES & FAMILIES

Make The Right Estate Plan.

In my thirty-plus years of experience as an attorney, and having met with hundreds of clients, I know that most people typically think what is projected on television and the movies is how the legal system works. The reality is that anyone who’s not an estate-planning attorney cannot be expected to know the law, any more than someone who’s not a surgeon should be expected to perform surgery—it is simply too complex. Moreover, due to the less-exciting nature of preparing estate plans and dealing with federal tax laws, most people know little about estate planning and probate. The sad fact is that around fifty percent of the American public do not even have a Last Will & Testament when they die, much less powers of attorney or a revocable living trust. Estate planning requires a lot more than simply buying document-generating software or blank documents off of the internet and filling in some blanks—it is not a DIY project.

Working Together

If you hire me as your estate-planning attorney, I will prepare what I think are the seven necessary, customized documents you will need for a good estate plan and assist you with the funding of all of your assets so as to avoid probate.

If you hire me as your probate attorney, I will explain the probate process and prepare all of the necessary petitions, motions, orders, and other probate documents to guide the executor or administrator through the probate process.

If you hire me as your post-mortem trust attorney, I will explain the post-mortem trust process and prepare all of the necessary legal notices and waivers to guide the trustee through the post-mortem process.

Understanding The Process

At The Cornett Law Firm, whether you need me to prepare your estate plan, revise your estate plan to bring it up to date, assist you in funding your trust, or assist you in dealing with what occurs after a loved one has died, I will be there to explain to you:

  • the problems you currently face, such as the probate process, the loss of control over your healthcare needs and property, and the perils of having to go through a guardianship; and
  • the possible pitfalls of doing nothing and the Arkansas rules of intestacy (dying without a Last Will & Testament). The State of Arkansas does have an estate plan for you, but you may not like it;
  • the possible pitfalls of making gifts to your children during your lifetime in an attempt to avoid probate (and thereby losing control of your assets and subjecting your children to higher capital gains tax); and
  • the potential solutions for your problems through the preparation of a complete estate plan.
  • what the word “funding” of your revocable living trust means, how it is accomplished, the dangers of not fully funding your trust, the proper methods to fund your various assets, and the actual completion of your funding to ensure that your trust works the way it is intended to work, both during your lifetime and after your death; and
  • what the word “probate” means, how the probate process works in Arkansas, and why it is best to avoid it if possible; and
  • what the Arkansas Trust Code of 2005 means to those who die with a trust, how the post-mortem trust administration process works in Arkansas, and the time frame which the beneficiaries and trustee can expect before the process is concluded.

If you need Estate Planning help in Little Rock or anywhere else in Arkansas, contact The Cornett Law Firm. Call (501) 580-9804 or send us a message.

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OF EXPERIENCE
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CLIENTS SERVED
WHAT TO EXPECT

ESTATE PLANNING

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PROBATE

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POST-MORTEM TRUST ADMINISTRATION

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CLIENTS

In my thirty plus years of experience as an attorney, I have worked with hundreds of clients. To understand how I can help and what you can expect when working together, select an option below.

EXPECT THE MOST FROM YOUR ATTORNEY

(501) 580-9804

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