Texas Estate Planning Attorneys
Helping You Plan for the Future
Estate planning doesn’t have to be a complicated, drawn-out process as many people assume it is. With the counsel of Law Offices Of Vic Feazell, P.C. and our Texas estate planning lawyers leading the way, you can confidently make an estate plan that meets all your goals without any guesswork. We have been helping people with all sorts of legal cases for decades of collective practice experience, and we would be happy to help you, too.
You should consider creating an estate plan if you have a:
- Child
- Home
- Business, including a small business
- Retirement account
- Special health needs
- Estate with significant worth
Of course, estate planning is also a great idea if you just want to plan for the future and make everything less stressful for your loved ones after you are gone. In this way, estate planning is for everyone, which is what we believe at Law Offices Of Vic Feazell, P.C..
Talk to our attorneys about making an estate plan under Texas law. Call (254) 938-6885 and ask for an initial consultation.
Different Estate Planning Tools & Services
The average estate plan is made up of more than one legal tool or document, as well as different legal processes. To make the right estate plan for you, we’ll want to review what options are available, what each does, and whether it would make sense based on the goals and wishes that you have set for the future of your estate and family.
Our Texas estate planning attorneys can help you with these services and more:
- Wills: A will is a legal document that outlines how you wish your assets to be distributed after your death. It also allows you to appoint guardians for minor children and specify funeral arrangements.
- Trusts: Arrangements that allow a third party, or trustee, to hold and manage assets on behalf of beneficiaries are called trusts, which can take many different forms. Trusts can help avoid probate, reduce estate taxes, and provide control over asset distribution in ways that a will alone cannot.
- Powers of attorney: When you want someone to make decisions on your behalf if you become incapacitated, you can use a power of attorney document. Decisions to leave for the designated person typically include financial decisions or healthcare choices, but all sorts of responsibilities can be given to them.
- Healthcare directives: Also known as living wills, healthcare directives specify your healthcare and medical treatment preferences in situations where you are unable to communicate. They guide medical professionals and family members in making critical healthcare decisions that may occur, especially as you age.
- Probate: Probate is the legal process of validating a will and distributing a deceased person's estate according to their wishes. Probate requires debts and taxes to be paid before assets are transferred to beneficiaries, which can make for disruptions unless you have prepared for them with an estate planning attorney’s guidance.
- Estate administration: The process of managing and settling an estate, which includes gathering assets, paying debts, and distributing the remaining assets to beneficiaries is called estate administration. It involves both legal and financial responsibilities to ensure the estate is handled properly. When people do not know much about Texas estate law, they often decide to hire an attorney to act as the estate administrator on their behalf.
What are the Benefits of Estate Planning?
Due to the personalized nature of an estate plan, the process of estate planning will have unique benefits for everyone. However, there are benefits that most people will be able to appreciate, regardless of what they decide to put in their estate plans.
If you create an estate plan with our help, you can appreciate these benefits and more:
- Protecting your assets: Estate planning allows you to use the law to safeguard your assets and distribute them according to your wishes, reducing the risk of misallocation or financial mistakes.
- Minimizing estate taxes: By strategically planning your estate, you may be able to reduce the tax liabilities that your beneficiaries might face, maximizing the inheritance they receive and preserving more of your wealth.
- Providing clear instructions for your family: A thorough estate plan can offer detailed guidance on how your assets should be divided, which might help avoid misunderstandings, conflicts, and stress among your family members after you pass away.
- Outlining your healthcare wishes: By including healthcare directives in your estate plan, you can clearly communicate your medical care preferences, so your loved ones do not feel the pressure of having to make such important decisions on their own.
- Giving yourself and your family peace of mind: Knowing that your estate and healthcare decisions are planned and documented provides reassurance for both you and your loved ones, reducing stress and uncertainty about the future.
Get More Information About Estate Plans – Call Now
Law Offices Of Vic Feazell, P.C. is the name that people trust for legal cases and disputes across central Texas, including Waco, Austin, Belton, Temple, and Killeen. You probably even recognize Attorney Vic Feazell for all the times he has been featured in the media and on Netflix, or even from his own podcast, The Vic Feazell Show. Now, you can call upon him and his team for compassionate and honest legal guidance when you want to create an estate plan. With our insight and support, we know you’ll feel confident in your estate’s and family’s future the moment we get to work.
Get an initial consultation about our estate planning services in Texas. Call (254) 938-6885 now.
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