Comprehensive Estate Planning by Old Fort Wealth Management

Why Everyone Needs an Estate Plan

With our thorough estate planning analysis, you can feel confident that your wealth will be ready to transfer to the next generation. A well-structured estate plan ensures your assets are distributed according to your wishes while protecting your loved ones. At Old Fort Wealth Management, we provide expert guidance through the estate planning process, delivering personalized strategies tailored to your unique needs.

Our Estate Planning Services Include

• Wills and Trusts: Establishing clear directives for asset distribution to ensure your estate is handled as you intend.
• Powers of Attorney: Designating trusted individuals to make financial and healthcare decisions on your behalf if you become incapacitated.
• Healthcare Directives: Outlining your preferences for medical care to guide your loved ones and healthcare providers.
• Probate and Estate Administration: Assisting your estate attorney with the legal process of settling your estate, minimizing stress for your beneficiaries.
• Tax Planning Strategies: Implementing methods to help reduce estate taxes and preserve more of your wealth for future generations.
• Trusts: Trusts come in many varieties and may solve any one or more issues, including avoiding probate, ensuring efficiency, minimizing taxes, and protecting assets from creditors.
• Last Will & Testament: This governs the transfer of your assets that do not name a designated beneficiary and do not have a joint owner. For example, your Last Will & Testament could designate your child as the beneficiary of your home. This is an effective tool but is subject to the probate process.

Our team stays current with Arkansas estate laws and leverages local expertise to provide you with the most effective planning strategies. We understand that every individual’s situation is different, and we are committed to crafting a plan that reflects your personal goals and family dynamics.

Old Fort Wealth Management Approach:

By partnering with Old Fort Wealth Management, you can have peace of mind knowing that your estate plan is comprehensive, up-to-date, and designed to protect your legacy. Contact us today to schedule a consultation and take the first step toward securing your future.

• Minimize Taxes and Legal Fees: We can help you implement a plan to reduce the amount of your taxable estate using annual gifting, trusts, and other strategies.
• Prevent Conflicts Between Beneficiaries: By organizing your estate and establishing beneficiaries ahead of time, you can help ensure a smooth transfer of your estate.
• Navigate Strategies: Estate Planning is not a one-size-fits-all endeavor. We can help you explore the most suitable strategies for your situation.
• Create Generational Wealth: Estate planning and wealth management don’t just help you pass down wealth. A good plan also ensures that your legacy is protected from risk and preserved for future generations.

Frequently Asked Questions

If you do not see your question answered below, do not hesitate to contact our team!

What does the estate planning process look like?

Because estate planning is not a one-size-fits-all solution, it is an ongoing process that considers factors such as the type and value of estate assets, family dynamics and circumstances, needs of beneficiaries, and an individual’s unique goals and values.

How does Old Fort Wealth Management help with estate planning?

While your attorney will handle the execution of your estate planning documents, Old Fort Wealth Management’s experienced advisors will help you navigate the many strategies available and provide guidance through implementing your plan.

What are the potential risks of not having an estate plan?

Although an estate plan is not required to pass down your assets, without one, the process and beneficiaries are determined by state law rather than your individual preferences. This often leads to higher administrative expenses and tax bills, as well as conflict among family members.

How much does estate planning cost?

The cost of your estate planning depends on several factors, including the complexity of the plan, your circumstances and goals, and the time needed to complete the plan. Some estate planning attorneys charge hourly fees, while others offer ‘flat fee’ packages. At Old Fort Wealth Management, we partner with many estate planning attorneys in private practice and can help you find an attorney that best suits your needs.

This information is not intended as legal advice. Estate planning is done in conjunction with your estate planning attorney, tax attorney and/or CPA.