Episode Summary:
In this insightful episode of the Juris Law Podcast, attorneys Kimbro Stephens and Shane Cox dive deep into the great debate of Trusts vs. Wills for Arkansas estate planning. They explore the key differences, benefits, and common misconceptions surrounding these essential legal tools, offering valuable guidance for anyone considering their estate planning options.
Key Timestamps:
00:00 - Introduction
00:45 - Primary purposes of trusts and wills
01:33 - Why everyone needs a will
02:42 - Types of trusts: revocable vs. irrevocable
05:46 - Determining if you need a trust
07:35 - Complex estates and blended families
09:09 - Trust administration vs. will administration
10:22 - Trust benefits for minors and special needs
11:38 - Tax considerations for trusts and wills
15:24 - How often to review estate plans
About The Show:
The Juris Law Podcast features Kimbro Stephens (Managing Attorney) and Shane Cox (Chief Legal Counsel) at Jurist Law Group. With extensive experience in healthcare and elder law, they help families navigate long-term care, asset protection, and estate planning complexities.
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