Estate Planning Lawyer in Colleyville, TX
Serving Clients throughout the Counties of Grapevine, & Tarrant
Estate planning is geared toward asset protection, whether safeguarding
a legacy to pass on to heirs or providing adequate care for the elderly
in their later years. A skilled asset protection lawyer can advise you,
tailoring financial instruments and legal approaches to meet your needs.
At the Law Offices of Kate Smith, PLLC, I offer comprehensive legal help
with all aspects of estate planning and administration. My firm has been
serving individuals and families throughout our area since 2005 and our
team is fully prepared to listen to your individual needs and objectives,
so that I can create a customized estate plan for you or provide the guidance
you need to efficiently administer an estate through probate.
Learn more about how I can help by contacting the Law Offices of Kate Smith, PLLC at
817-381-7733 or through the online consultation request form.
Estate Planning and Why You Need It
One of the most common omissions of financial planning is the lack of an
estate plan. No one likes to contemplate the possibility of mental or
physical incapacity or death. However, no one lives forever and, without
planning ahead of time, your property and assets can wind up in extensive
and costly court procedures. If you die “intestate,” meaning
without a will, the assets and property you leave behind will be subject
to state rules and the decisions of a judge who will have no understanding
of your wishes. Your property and possessions could also become the subject
to confusion and dispute by family members and others. A valid estate
plan will make your wishes known and allow your estate to be passed on
to your named heirs and beneficiaries faster and easier.
Estate planning involves various legal instruments designed to accomplish
certain tasks regarding your property and assets, the medical care you
wish to have or not have in the event of a serious illness or injury,
and the designation of a trusted person to handle your financial affairs
when you cannot.
These instruments can include or provide instructions for:
- A last will and testament as well as other types of wills
- A living will and advance medical directive outlining the medical procedures
you wish to have or avoid, such as life support, and naming someone to
make medical decisions for you should you be unable to express yourself
- Powers of Attorney, such as a Durable Power of Attorney authorizing your
named person to make financial decisions on your behalf should you become
- Revocable and irrevocable trusts which provide further legal instructions
regarding the distribution of property and assets
- The designation of beneficiaries for such accounts as life insurance policies,
401(k) plan assets, etc.
- Guardianship designations and inheritance managers for minor children
While estate planning may seem to be only for the very wealthy, anyone
can benefit. Almost everyone has an estate, which includes all of your
assets and property, such as homes, other property, vehicles, bank accounts,
personal belongings, collections, art, jewelry, stock portfolios, and
more. Without planning, these assets could be distributed by a probate
court in ways you never would have wanted.
At the Law Offices of Kate Smith, PLLC, we also represent clients in estate
administration after a party has deceased. If you have been named the
personal representative or executor of an estate which must be probated,
you may need practical and experienced legal guidance in order to avoid
mistakes that could be costly. Attorney Kate Smith can help with this,
which includes probating a will, trust representation, and distribution
Get experienced legal assistance for all of your estate and probate needs. Call