What is Estate Planning?
Everyone has an estate. Some estates are larger, $2 million or more. Some estates are smaller, $50,000 or less. Most are somewhere in between those two numbers. Estate planning is important for everyone. You have worked hard for what you have and if you have more, you have more to lose. If you have less, you can’t afford to lose what you have.
Your estate is made up of everything you own— your car, home, other real estate, checking and savings accounts, investments, life insurance, furniture, and personal possessions. Estate planning is making a plan in advance in case of an incapacitating event and naming whom you want to receive the things you own after you die. Your estate plan ensures that your wishes are carried out.
At Willi Law Firm, we can assist you to determine the best plan for you and your family. Some of the basic documents that every Texan should have include:
- Last Will and Testament
- Statutory Durable Power of Attorney
- Medical Power of Attorney
- Directive to Physicians and Family or Surrogates
- HIPAA Release
- Declaration of Guardian in the Event of Later Incapacity or Later Need of Guardian
- Appointment of Agent to Control Disposition of Remains
Read more at our FAQS on Basic Estate Planning.
A more advanced Texas estate plan incorporates strategies and documents that address specific concerns such as providing more protection from creditors, reducing taxes, or managing eligibility for government benefits, such as Medicaid or Medicare, that you or your beneficiaries may need to rely upon now or in the future. Some of the additional documents used for advanced estate planning include:
- Irrevocable Living Trusts.
- Revocable Living Trusts.
- Testamentary Trusts.
- Special Purpose Trusts, such as NFA Gun Trusts.
- Special Needs Trusts.
- Miller Trusts.
- Charitable Trusts.
- Crummey Trusts.
Austin estate planning attorneys at Willi Law Firm, P.C., can advise you on estate planning strategies that work best for you and your family.
Read more at our FAQS on Advanced Estate Planning and Trusts.
HOW CAN WE HELP?
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We believe each family is unique and that your family dynamics and personal circumstances should be carefully considered when designing your plan.
Our goal is to understand your concerns, your goals, and your family’s needs. Our caring and compassionate approach to these important matters will allow you to comfortably explore your options and make informed decisions.
To provide quality and personalized estate plans which provide families the levels of protection which meet their individual needs. We consistently strive to maintain a highest levels of customer service by remaining attentive to your needs.
We are committed to putting our clients first. Our law firm realizes that clients are entrusting us with matters that are most important to them.
Let us help your family. Please feel free to contact us for a free consultation.
Willi Law Firm, P.C.
5920 W. William Cannon Dr.
Bldg. 6, Ste. 100
Austin, TX 78749
Main: (512) 288-3200
Facsimile: (512) 277-6010
READY TO GET STARTED?
The attorneys at Willi Law Firm are your Austin, Texas resource for estate planning, wills, living trusts, firearms trusts, powers of attorney, living wills, probate and estate administration, trust administration, special needs trusts, disability planning, Medicaid applications and qualification, long-term care planning, elder law, Medicaid crisis planning, charitable planning, estate tax planning, business and corporate planning, business succession and sales, and asset protection.
Willi Law Firm proudly serves Central Texas individuals and families in the following counties: Bastrop, Blanco, Burnet, Caldwell, Hays, Lampasas, Lee, Travis, and Williamson, and in the following communities: Austin, Bastrop, Brushy Creek, Buda, Burnet, Cedar Park, Driftwood, Dripping Springs, Elgin, Georgetown, Hutto, Jollyville, Kyle, Lakeway, Lago Vista, Lampasas, Leander, Lockhart, Luling, Manchaca, Manor, Marble Falls, Oak Hill, Pfugerville, Rollingwood, Round Rock, San Marcos, Shady Hollow, Spicewood, Taylor, Wells Branch, Westlake, Windemere, and Wimberley.