Estate planning was traditionally seen as something reserved for the wealthiest members of society. However, today more people than ever understand the benefits of working with an estate planning attorney to protect assets. If you have assets of any value and want to create a stable and tax-efficient foundation for yourself and your heirs, careful planning is required. Here are some of the ways estate planning is helping families in McKinney and across North Texas. 6 Ways Estate Planning Can Protect Assets 1. Develop an Estate Plan for Beneficiaries One of the biggest motivations for creating an estate plan is

As the individual responsible for managing a deceased person’s financial affairs, the executor holds a key role in the estate planning process. Your appointed executor will be in charge of administering your estate through the probate process after you pass away. In practice, this means paying creditors, selling your house, distributing assets to inheritors and overseeing other financial concerns. Choosing the right executor can be tricky, and McKinney residents may benefit from the following tips. 5 Tips for Selecting an Estate Executor 1. Choose Someone Financially Competent Being an executor will involve processes like paying taxes, dealing with creditors and