Estate Planning in Keller
Keller, TX Estate Planning Attorneys
Most people tend to put off estate planning until it becomes necessary is understandable; thinking about your own mortality can be frightening and feel morbid. However, working with a Keller estate lawyer and planning how your assets are distributed after your death is one of the most loving gifts you can leave your family after your passing.
One of the biggest challenges Keller residents face when estate planning is ensuring that the estate is legally set up correctly. If your estate is not thoroughly thought through or created without knowledgeable legal help, it can be invalidated and cause disputes among beneficiaries. This is exacerbated when there is a death with no estate plan.
Even with an estate plan, there can be difficulties. If an estate is not kept up as financial situations and relationships change, the outdated plan will likely not be followed. Keeping up with your estate with an experienced estate lawyer is a way to ensure that your wishes are respected and that your loved ones are taken care of after your death.
Types of Estate Planning Options
Planning an estate is full of decisions. No matter your financial situation, it is likely that you’ll need to create one or more documents covering multiple choices about the future of your finances. These are just a few decisions your estate lawyer will help you make as you decide how to divide your assets.
- Legal will or trust
- Revocable living trust
- Lifetime charitable gifts
- Lifting gifting to a beneficiary
- Beneficiary designations
- Power of Attorney or Directive
- Joint Ownership
Financial situations are complicated and ever-changing, so developing a relationship with an estate lawyer that serves the Keller area is the best way to decide which plan is right for you. An estate is a living entity that needs to be altered as life changes. Your lawyer helps you amend your estate upon transitions like marriage, divorce, job changes, and more.
Your estate lawyer has all the skills and knowledge to guide you through tough decisions about options, sums, and beneficiaries. Even deciding the type or types of documents in your estate can be confusing without a lawyer. An experienced lawyer will clarify the decision by offering suggestions and sharing their knowledge.
Don’t wait until you need an estate plan. Working with an estate lawyer early helps set you up for any emergency situations and adjust as life stages change. Contact an estate lawyer at Sanchez & Wood Law to see how we can help you make your personalized estate plan.