Texas estate planning lawyers are dedicated to help their clients by planning an estate for themselves. These lawyers are well qualified, experienced and known for their proficiency and ability to satisfy their clients worldwide. Though, most states have their own legislations but sometimes you can hire a lawyer from other state who has a thorough knowledge about the state.
With the help of Texas estate planning lawyer clients can easily take hold of the allocation of their valuable assets before and after their death. This is organized through careful planning for the proper distribution of property to family members. Not just the Texas estate planning lawyers, but lawyers in every state deal with the intricate and complicated network of laws ruling gifts, estates and trusts. Clients can easily fulfill their short and long-term goals under the guidance of such estate planning lawyers.
Here are some of the areas for estate planning a) Legal will preparation. b) Pre Marital property agreements c) Establishment of revocable and charitable trusts d) Structure of family limited partnerships e) Trusts.
a) Charitable Planning: Estate planning lawyers would offer you the best when it comes to maintaining management and control of your estate. The lawyers offer basic estate plans that may include traditional will planning. It may also include revocable living trusts with pour over wills, in certain cases. These lawyers would also offer planning regarding advanced directives such as powers of attorney for property management and advance health care directives. They also offer you adept advice and planning when it comes to planning the requirements for children and grandchildren. It includes gift trusts, generation skipping trust and plans in order to insure future education and support requirements. b) Reduce Estate Taxes: Most of the clients are interested in reducing the impact of transfer taxes on their estate. Hence, estate planning lawyers provide routine estate tax savings and asset protection strategies including credit shelter trusts and qualified terminal interest property trusts. c) Asset Protection Planning: This type of planning includes effective techniques that offer the impact of placing assets beyond the reach of unknown future creditors as far as possible, legally. This type of a plan combines sophisticated business planning and estate planning techniques. d) Estate Litigation: Estate planning lawyers represent both personal representatives and trustees including beneficiaries with respect to trust and probate litigation including will-construction, breach of fiduciary duty, trust and estate accountings etc.
If you live in Texas and wish to hire an estate planning lawyer to handle your estate then there are many qualified and knowledgeable lawyers available. Contact your local bar council or association to get references. Search the World Wide Web and find tons of information about various lawyers, law firms and companies to help you. While choosing any estate planning lawyer, always go for a lawyer or law firm that has a good track record in offering the best advice in estate planning.