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Cy-Fair Area Will Preparation LawyerWhile many individuals feel uncomfortable discussing the topic of their death, it is an essential matter to consider when beginning the process of planning for the future. Whether you require the creation of one individual document or are interested in the will package we offer, The Lincoln Law Firm, PLLC, is happy to serve your needs. The types of estate planning documents that are included in our will package are as follows:
The State Bar of Texas and the American Bar Association recommend that every adult person have a will. A will is a legal document that allows you to direct the distribution of your property upon death in an economical and efficient manner. If you die without a will, the rules of intestate distribution dictate how your property will be passed. In Texas, your estate will be encumbered with significant additional legal expenses and delays in probate court if you do not have a will. A trust is a legal entity in which legal title and management of the property are vested in a trustee who administers the property for a designated beneficiary. Property may be put into a trust while the donor is alive, or the trust may take effect and property transferred to it after a person dies. A trust may be included in a will. There are many tax advantages for creating a trust in your will. For example, a person with a substantial estate may wish to leave a large portion of the estate in trust for his or her beneficiaries to prevent the taxation of such property upon death. Additionally, if a minor child is a beneficiary of the estate, it is advisable to create a trust for the benefit of the child. If you move to a different state or country, have your will reviewed by an attorney licensed in that jurisdiction to determine if the will is valid in such state or country and whether or not probate of the will may be complicated by the use of an out of state will. We also advise our clients to place the original will in a safe place such as a safe deposit box and keep a copy of their will at home. It is also a good idea to give a copy of the will to the executor named in the will. The will should be reviewed periodically so that it may be kept current. You should revise your will whenever your personal circumstances change significantly, such as with a birth, death, remarriage or divorce, or if your assets change substantially. If you die without a will, you are considered to have died intestate. Consequently, your property will be distributed pursuant to the state's probate code provisions relating to intestacy. Perhaps one of the most important reasons for having a will is to streamline and reduce the probate process and to simplify the winding up of one's financial affairs. Intestacy can create hardships for your family and can significantly increase the cost of closing out your financial affairs. It may cost your heirs significantly more money to have your estate administered if you have not executed a valid will which appoints an independent executor to serve without the requirement of posting a bond. In addition to preparing wills, The Lincoln Law Firm, PLLC can also prepare Living Wills (Directive to Physicians), Medical Powers of Attorney and Durable Powers of Attorney for Financial Management.
The case of Terri Schiavo brought estate planning to the collective attention of the nation. Had a comprehensive estate plan been in place, her family would have been spared the trauma and conflict that was endured. Your estate plan can also help minimize any family dispute over your end of life wishes, prevent additional family stress, and leave everyone, including you, with peace of mind. Contact a Cy-Fair will preparation lawyer that shares your desire to plan for the future. We can assist you in understanding the various types of documents necessary to create security for your loved ones and peace of mind for you. Our firm can also aid in enhancing your knowledge regarding the many facets of estate planning and how they apply to your entire family. We also represent clients in many family law-related cases. Open Monday through Friday, 9:00 am to 5:00 pm. Please be advised the firms' hourly rate applies to the initial consultation. Located in the heart of the Cy-Fair (Cypress Fairbanks) area, The Lincoln Law Firm, PLLC represents clients throughout Houston, Texas and the surrounding communities, including Tomball, Spring, Harris County, Fort Bend County, and Montgomery County.The Lincoln Law Firm, PLLC12777 Jones Road, Suite 475 |
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