
To arrange for the administration and distribution of your assets after your death is known as “estate planning.” An estate planning lawyer can help you create a plan that ensures your wishes are carried out, and your assets are protected. In this article, we will explore the different services provided by estate planning lawyers in Texas and how they can help you protect your legacy.
Services Provided by Estate Planning Lawyers
- Wills: Wills are legal documents that specify the distribution of an individual’s property upon death. An estate planning lawyer can help you create a will that is legally valid and clearly outlines your wishes.
- Trusts: A trust is a legal entity that can hold and distribute assets on behalf of beneficiaries. An estate planning lawyer can help you create a trust that meets your needs and enables you to avoid probate.
- Probate: A legal procedure by which a decedent’s estate is managed after death. A lawyer who specializes in estate planning may help you divide your assets how you choose and guide you through the probate procedure.
- Powers of attorney: Legal documents allow you to delegate decision-making authority to another person. A lawyer specializing in estate planning can assist you in drafting a power of attorney that expresses your goals and safeguards your interests.
How They Can Help You
They can provide valuable guidance and support as you plan to protect your legacy. Some of the ways these lawyers can help you include:
- Creating a plan that meets your unique needs: An estate planning lawyer can help you create a plan that considers your specific circumstances, goals, and wishes.
- Keeping out of probate: The probate procedure can take a long time and cost a lot of money. An estate planning lawyer can help you create a plan that minimizes the need for probate and helps your assets to pass smoothly to your beneficiaries.
- Protecting your assets: An estate planning lawyer can help you take steps to protect your assets from creditors, taxes, and other risks.
- Ensuring your wishes are carried out: An estate planning lawyer can help you create a plan that ensures your wishes are carried out, and your assets are distributed according to your wishes.
Conclusion
Estate planning is a necessary process that can help you protect your legacy and ensure your wishes are carried out after your death. An estate planning lawyer can provide valuable guidance and support as you create a plan that meets your needs. Whether you need help creating a will, trust, or power of attorney, or navigating the probate process, an estate planning lawyer in Texas can help you protect your legacy.