Estate Planning in Midland, TX
Estate Planning Overview
Approximately half of all Americans die without a will. Even fewer people take simple measures during their lifetimes to preserve their wishes by planning their estates. Trusts and Estates is a rapidly growing area of practice in the law that includes estate planning, managing your estate during life and disposing of your estate at the time of your death through the use of trusts, wills and other planning documents.
You may want to hire a qualified Midland Texas attorney who handles matters in all areas of concern for your particular situation, and who will know enough about the other fields to question whether the action being taken might be affected by laws in other areas of law. Such as:
- Last Will & Testament
- Irrevocable Trusts
- Revocable Trusts
- Living Wills
- Power of Attorney
- Special Needs Trusts
Last Will and Testament protects your loved ones by ensuring that you, not the court, will decide how to distribute your assets.
Living Will Declaration states that a person who is terminally ill, with no expectation of recovery and death is imminent the life-prolonging procedures may be withheld or withdrawn.
Trusts & Estates can reduce your tax burden during your lifetime and save loved ones from hassles and tax consequences which minimize court involvement in the settling of your estate.
Probate Proceeding is where a person’s estate is administered and assets distributed, all under court supervision which can be avoided using proper estate planning.
Guardianship is the person who has the legal authority and the responsibility to care for the personal and property interests of another person, called a ward.
Revocable Living Trusts as a Living Trust is a legal document that resembles a will. It contains instructions for the executor/execute of assets should the Trust Creator become disabled and directions for the distribution of assets upon death.
Durable Power of Attorney with Health Care Surrogate & Pre-Need Guardian ensures that your wishes will be carried out in the event you are unable to make your own medical decisions. We will help you create documents to reflect your wishes and needs.
Call us at 432-683-2703 to schedule a free consultation or fill out the form below.