Yes! Yes! Yes! One of the perks of having a trust is to avoid probate. Failing to deed your property to the trust during your lifetime means that a probate will be required to put the property in the trust after your death. This assumes you have a valid will that leaves the property to your trust. This is called a pour over will. It is there to catch any property accidentally left out of your trust. The pour over will is a costly safety measure. It is far better to deed to the property to the trust during your lifetime (called an inter-vivos transfer).
If you live outside of Arkansas, make sure you discuss the fact that you own Arkansas property with your estate planning lawyer. Then tell your lawyer about Arkansas Deeds. We can help your local lawyer make sure that your estate succession is carried out in Arkansas without probate!
Responsible attorney: J. Mark Robinette Jr. Primary office in Little Rock, Arkansas.
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