Holistic Estate Planning
Estate planning is the process of preparing, during your lifetime, for the management and disposal of your assets during your life and after you die. It not only includes deciding what happens to your property but also who will care for you if you become incapacitated. Proper estate planning takes into consideration your family situation and your goals. Your goals may include many things, such as providing for minor children, minimizing taxes, avoiding probate, or providing for more than one future generation. Whatever your desire, you can accomplish it with proper estate planning.
Even if you do not have specific long-term goals in mind, it is a good idea to have a basic plan in place. You can always change it or add to it in the future. A basic estate plan will include the following:
- Power of attorney
- Medical power of attorney
- Directive to physicians (living will)
- Designation of guardian
At our firm, we take the time to get to know you and to help you create an estate plan that addresses all of your needs and goals. Whether you need the basics or want to include more complicated provisions or documents such as special needs trusts or other types of trusts we are here to listen, learn and tailor-make an estate plan that suits you to a tee.
Estate Planning For Everyone
Sometimes people believe that because they do not have much or because they are young, they do not need an estate plan. Estate planning is not just for the wealthy or for older people. It’s for you. By creating an estate plan that includes, at minimum, a will, a power of attorney, and a medical power of attorney, you empower yourself with control and peace of mind. Not only do you decide who will care for you if the need arises, you direct the disposition of your assets, instead of leaving it to the laws of the State of Texas.
Finally, to all of the parents of minor children, proper estate planning can help you provide for your children in the case of your untimely demise. Even if you have few assets, you can still leave a legacy for your children. We can show you how to use life insurance as a tool to provide for their health, maintenance, education, and enjoyment for years to come. Further, you can decide who will care for your children by designating a guardian for them.