Estate Planning Attorneys Serving Arlington And Neighboring Communities
How Can an Estate Planning Lawyer Arlington TX Trusts Help Your Family?
We understand that it is difficult to talk about “what if.” No one really wants to think about becoming incapacitated or dying in an accident or from an unexpected illness.
The thought is even more frightening if you are fairly young. Yet, it is almost more important to address and prepare for an accident if you have young children or are the main provider for your family.
Our attorneys and legal team have years of experience helping clients determine how to best provide for those they leave behind, whether they are young families or families whose children are grown.
Every Family Is Unique When It Comes To Estate Planning
The estate plan for each family is unique and should not be left to filling out a form on a website that claims to know what is best for you and your situation.
It takes a compassionate and experienced estate planning attorneys to listen to your wishes and dreams for your family and commit that to an enforceable legal document.
We consider many alternatives when putting together a personalized estate plan for you:
- Do you have children from another relationship?
- How old are the children?
- Do you need a durable power of attorneys?
- Would you like to set up a trust for educational expenses or starting a business, and at what age should they be entitled to start withdrawing funds?
- Do you plan to include any charities or extended family members in your will?
Another important thing to keep in mind is that estate plans can be changed as your life changes. People divorce, have more children, grow their businesses and move to other places. We cannot plan for every possible turn our lives could take; we can only plan that someday we will no longer be here.
Since we never know when that will be, we plan for now and keep adjusting as things change in the future. Estate planning is a fluid process over your lifetime.
We Can Create A Personalized And Unique Estate Plan
Regardless of where you are on that road, we can help you get a plan in place that will grow and change with you in the future. We also serve Burleson and Arlington, Texas.
To arrange a free consultation with our experienced estate planning lawyers and legal team, please call our office today.
The Beginner’s Guide to Writing a Living Trust in Six Steps
Those who are unclear on what it means to write a living trust can benefit from meeting with an estate planning lawyer at Brandy Austin Law Firm, PLLC for guidance. What may seem like an intimidating document to complete, can become less daunting when it is worked on a little bit at a time. A living trust may also be referred to as an inter vivos trust, where you are in control of your property while still alive and have a say in how your belongings are handled after death.
There are steps a client and their Arlington TX estate planning lawyer will need to take to set up a living trust, described below. For any additional questions, do not hesitate to reach out to an estate planning lawyer at Brandy Austin Law Firm, PLLC for answers.
Step #1 Write a paragraph at the beginning of the document that states your name, current address, and social security number. If for any reason this is not your first time writing a living trust, include a statement that says all previous documents have become void in the creation of this new edition.
Step #2 Make a list of your belongings, including property, real estate, bank accounts, bonds, stocks, personal treasures, vehicles, and anything else of value.
Step #3 Appoint yourself as the trust administrator. This means you shall maintain control of your property and shall determine which beneficiaries or loved ones receive a portion of your belongings after death.
Step #4 Appoint a living trust successor administrator to take over in the event of your passing. You may want to ask if the person is willing to handle this role before naming him or her in the document. You do have the option of choosing a backup trust administrator if the first cannot uphold their duties. You can choose an individual person or organization (such as a bank) to be the successor administrator.
Step #5 Write instructions for how you want the successor administrator to distribute your trust assets after passing away. Include the names of your chosen beneficiaries, and which of your belongings or property they are to receive.
Step #6 With the help of an estate planning lawyer at Brandy Austin Law Firm, PLLC, perform an edit of your draft before signing and dating the document in the presence of a notary public. The successor administration should be present to sign the document as well.
Anyone who would like further assistance creating their living trust can meet with an attorney at Brandy Austin Law Firm, PLLC at their earliest convenience. We would be happy to help you finalize a document that can have such a positive impact on your loved one’s future. We understand that by creating a living trust, it likely means something to you that each of your loved ones receive a portion of your legacy after you have passed on. Your first consultation with an estate planning lawyer Arlington TX clients recommend is free, so please call today,