Estate Planning: Protect Your Assets and Family with the Help of a Fort Worth Attorney
Categories: Estate Planning, Texas Estate Planning Laws
Imagine a scenario where a young couple, Sarah and Mike, come to you seeking help with their estate planning. They have just bought their first home and are starting a family. They want to ensure that their assets and children are protected if something happens to either of them.
Unfortunately, estate planning can be a complex and overwhelming process. In Texas, the laws surrounding estate planning can be challenging to navigate. With proper planning, a person’s assets may be distributed as intended, causing legal and financial problems for the person’s family.
That’s why it’s essential to seek the help of an experienced Fort Worth estate planning attorney. An experienced estate planning attorney can help you navigate the complexities of estate planning, ensuring that your assets and family are protected.
What to Consider When Estate Planning
- Your assets and liabilities
- Your wishes for the distribution of your assets
- The designation of an executor and guardians
- Estate tax implications
- Health care directives and power of attorney
Step-by-Step Estate Planning Process
- Assess your assets and liabilities
- Determine your estate planning goals
- Choose an experienced Fort Worth estate planning attorney
- Prepare and execute a will
- Consider additional estate planning tools, such as trusts and advanced directives.
- Review and update your estate plan regularly
Statistics on Estate Planning in Texas
- Approximately 70% of Americans do not have a will or estate plan.
- Texas does not have a state estate tax. However, over $11.18 million estates may be subject to federal estate taxes.
- In Texas, probate can be lengthy and costly, averaging between 1-2 years and $10,000-$20,000 in fees.
Take Action Now!
Please don’t wait until it’s too late to protect your assets and family. Estate planning is an essential step in securing your future and the future of your loved ones. Choosing an experienced Fort Worth estate planning attorney can ensure that your estate plan is executed correctly and that your wishes are followed.
Contact a Fort Worth estate planning attorney today to start the process of protecting your assets and family. Don’t wait any longer. The time to act is now.