Creating Personalized Estate Plans For Families In Houston And Beyond
Estate planning helps you ensure your wishes are upheld when you are no longer able to speak for yourself. An estate plan outlines how you want your assets to be distributed amongst your heirs after you die. It can also allow you to state your wishes regarding your own medical treatment if you are to become incapacitated and unable to communicate your wishes in the future.
An attorney at Bowen Law Firm, PLLC, in Houston, can help you assess your needs and create a personalized estate plan that will help you achieve your objectives.
More About Wills And Trusts
Wills and trusts are two of the most common estate planning tools. A will allows you to state your wishes regarding the distribution of your assets. It also allows you to name a legal guardian to care for your minor child if you are to die before they reach adulthood. Assets named in a will are subject to go through probate.
While a will suffices for many clients, some have more complex needs and would benefit more from forming a trust. A trust is a legal arrangement in which assets are transferred to a third-party trustee who holds them until the trustor dies. When that happens, the trustee then distributes the assets to the trustor’s beneficiaries according to their wishes. In many cases, assets placed in a trust can avoid probate, which saves beneficiaries time and money.
Other Estate Planning Tools
Our lawyers also help individuals with the following:
- Power of attorney
- Long-term care decisions
- End-of-life arrangements
- Estate administration
- Estate litigation
Help With Probate And Estate Administration
Along with estate planning, our firm also assists executors and loved ones with the probate process in Texas and issues involving the management of the deceased’s estate. If a beneficiary has challenged the validity of a will or other disputes arise over a deceased loved one’s assets, we can help find a solution.