Practice Areas

Estate Planning and Probate

When working towards securing their financial future or passing assets to the next generation, Mitchell Williams’ Trust and Estates lawyers help clients in Arkansas achieve their financial objectives through strategic estate planning.

Our team of lawyers helps clients throughout the state with their estate planning needs including:

Document Preparation and Counseling

  • Skilled and efficient preparation of last wills and testament and trusts to direct the organization, administration and disposition of clients' estates.

  • Guidance on valuation of assets and financial options while considering goals such as inheritance maximization and equalization

Trusts and Charitable Giving

We are knowledgeable in tax efficient gifting programs and the use of revocable and irrevocable trust agreements. We assist clients in implementing charitable deduction trusts to minimize or defer estate and gift taxes, including charitable lead and remainder trusts. We counsel clients on the use of qualified personal residence trusts, grantor retained annuity trusts and trusts that take advantage of the marital deduction for those seeking to make life time gifts.

Life Insurance Planning

We work with clients throughout the acquisition and ownership of policies and designation of beneficiaries. Our experience includes setting up irrevocable life insurance trusts to hold the ownership of policies to provide for payment of death taxes.

Long-Term Care Preparation

We assist clients with financial planning in anticipation of long-term medical needs and related expenses, including the use of lifetime distributions from assets held in qualified retirement plans. We prepare power of attorney documents, living wills and health care directives that guide personal care. 

Tax Considerations

Our team includes specialized tax lawyers who assist clients by recommending strategies for transferring wealth with minimal tax consequences. We develop effective, individualized estate plans by analyzing the effect of all types of taxes on client assets, including gift and estate taxes, the generation skipping tax, and inheritance taxes.