Do you want to learn more about securing the financial future for you or a loved one? The U of A Cooperative Extension Service in Logan, Franklin, Scott and Sebastian County will be partnering to offer a two-day Estate Planning Workshop. The workshop will be held on March 26 and 28 at the Jeral Hampton Meeting Place in Booneville from 6-8:30 p.m. each evening. A free dinner will be provided to participants who pre-register.
This workshop is free and open to anyone who would like to learn more about the estate planning process. New topics will be covered each evening. Topics will include getting started on an estate plan, probate, trusts, farm transfer, long term care, estate taxes and more. The workshop will be taught by a local attorney, as well as Extension and Farm Bureau specialists. To sign up, call the Extension office at 963-2360 or 675-2787 or email email@example.com by March 15.
Estate planning can be a rather complicated process but it does have a straight-forward definition. In short, estate planning is arranging for the orderly transfer of your assets (property) following death. The ideal estate plan minimizes taxes, expenses, and delays and assures that your assets reach intended heirs.
Some mistakenly believe that an “estate plan” is a single document with a standardized format drawn up by an attorney. It’s not. It is an individualized plan based on your unique situations and circumstances. And, although it is recommended to use the assistance of professionals for certain parts of an estate plan, much of the actual process can be done by the individual developing the plan.
Other common misconceptions are that estate plans are only for the wealthy or those in their latter years of life. Wrong again. Who can define “wealthy” and who can predict when their last year of life will occur? The bottom line is – if you own property, you need an estate plan. Some are quite simple – others quite complex. No two are just alike, but all require thoughtful planning.
Estate Planning is not always easy to discuss but it can be vital. Not only for your financial and emotional peace of mind, but because Estate Planning is the ultimate gift of having you or a loved ones’ wishes honored—when it matters most.
The University of Arkansas Division of Agriculture is an equal opportunity/equal access/affirmative action institution. If you require a reasonable accommodation to participate or need materials in another format, please contact your County Extension office as soon as possible. Dial 711 for Arkansas Relay.
The University of Arkansas System Division of Agriculture offers all its Extension and Research programs to all eligible persons without regard to race, color, sex, gender identity, sexual orientation, national origin, religion, age, disability, marital or veteran status, genetic information, or any other legally protected status, and is an Affirmative Action/Equal Opportunity Employer.