Estate Planning and
PRESERVING THE LEGACY OF THE FAMILY
ASSISTING EVERY BRANCH OF THE FAMILY TREE
Wills & Estates
Long Term Care
Hope for the best,
but always plan for the worst
It’s a hard truth, but if you or a loved one dies without a Will—or if you do not have long term care insurance and need nursing home care, your family and assets will be at risk—the state of Texas will manage your estate and determine who receives your property, as well as who will tend to you or your private affairs.
Protect the ones you love. Plan responsibly for your family’s future to preserve your assets and avoid unnecessary time and expense during an already difficult time.
You need a compassionate, understanding attorney
There are no blanket strategies or one-size-fits-all approaches when planning for you and your loved ones’ future. No matter the circumstances of your situation, we can help you achieve your goals. Everyone is different and needs individualized planning—for age or health needs, marital status, whether you have children, are widowed, divorced, remarried or are raising children as a single parent.
Wills and Trusts
Both these important documents specify how your assets will be distributed after your death, but they offer different benefits.
Powers of Attorney
A power of attorney designates a trusted person to act on your behalf, to handle your personal and financial affairs if you are unable to do so.
Elder Law / Long-Term Care Planning
CALL FOR A CONSULTATION
Our Firm is dedicated to gender balance, client education and ensuring that women young and old, single and divorced, married and remarried, and veteran women are empowered and fully informed on how they can best protect their assets and family legacies.
We are not only knowledgeable and straightforward with our clients, but we are also compassionate and considerate. Our goal is to help you to make the best use of your assets while you are living while trying to leave as much as possible for your family after you are gone. Do not go broke while trying.
We welcome the opportunity to discuss your case with you.
LONG TERM CARE & ASSET PROTECTION PLANNING
TRUST FORMATION AND ADMINISTRATION
Do You Have Questions?
If you have other questions, let’s schedule a consultation!
What is estate planning?
What happens if I do not have a medical power of attorney or durable power of attorney and become incapacitated and unable to care of myself or cannot make financial decisions for myself?
The court may appoint a legal guardian to care for you and manage your financial affairs. Keep in mind, that this might be a person that you do not want to do this for you. You can pre-designate a person on a legal document to be your guardian in case the need arises.
I do not have a Will. What happens to my money and other property when I die?
Without a Will, the state of Texas determines who gets your money and property. There are several scenarios outlined in the Texas Estates Code. This can get very complicated, especially with several marriages and children from different marriages or relationships. The end result may differ from what you may have wanted, so it’s always best to have a Will.
What is a Special Needs Trust and what is a Miller Trust?
A Special Needs Trust is also known as a Supplemental Needs Trust. It’s a discretionary trust created to hold the property of a disabled beneficiary and distributes supplemental funds to that individual in a way that preserves his eligibility for public benefits.
A Miller Trust is a written trust agreement that makes it possible for people to obtain Medicaid nursing home coverage even though they actually make too much money to qualify for Medicaid. Importantly, they are not actually called Miller Trusts anymore—instead, they now go by the name Qualified Income Trusts.
Must a Will be probated?
There is no requirement that you probate a Will no matter how much the estate is worth. Wills need to be probated only if property is not transferred by some other means. The probate process is primarily a method of changing the title from the deceased to the person or persons who inherit the property. Some assets require probate, such as real estate and bank accounts held only in the name of the deceased, while others do not, such as life insurance policies or retirement plans payable directly to named beneficiaries.