Creating an Estate Plan Protects Your Family
An estate plan determines the ownership and management of your assets and their distribution after death. While estate planning is essential for protecting assets, many people don’t consider the future implications for their families. You need to protect your estate during your lifetime and ensure a straightforward transition to your heirs. We create estate plans for families in McKinney and across North Texas.
Who Needs an Estate Plan?
Estate planning is not just for families with a diverse collection of assets. Everyone has an estate, and can benefit from documenting their plans during their life and after passing. If you have a home, car, business, stocks or any other possessions, you have an estate that will be passed down to your beneficiaries. If you don’t adequately plan ahead, your loved ones could face a long probate process during a difficult time.
The attorneys at Lucé Evans Law can help reduce the tax bill a beneficiary faces. Additionally, we will legally document guardianship of your children and the management of your assets in the event of medical incapacitation. You can never be sure if an emergency will strike, but you can prepare for difficult times and protect your family.
What Should Be Included in an Estate Plan?
Our estate plans are always customized to the needs of our clients. Every family has different goals, and our attorneys are dedicated to providing peace of mind throughout the process. An effective estate plan will save you time and money throughout your lifetime, protect your rights and assets in cases of medical emergency – and ensure your relatives can access their inheritance without legal estate disputes and complex court processes. The following elements are included in many estate plans.
- Wills & Trusts
- Power of Attorney
- Beneficiary Designations
- Transfer of Assets
- Guardianship Designations
- Property Transfer
- Healthcare Directives
Lucé Evans Law creates estate plans that protect your family now and prepare you for the uncertainty of the future. Our estate planning services are thorough and comprehensive.
Common Questions About Estate Plans
What if my circumstances change after creating an estate plan?
Your estate plan is a series of documents that should be maintained over your lifetime. We can ensure your documents are updated to reflect a change in circumstances as they transpire.
Is an estate plan necessary if I don’t have many assets?
Estate plans can involve simple legal documents or complex structures. Even if you have minimal assets, preparing a will, healthcare directives, guardianship designations and other documents can save time and legal expenses for your family.
Can I include my business in an estate plan?
Yes. The ownership and management of your business can be designated as part of an estate plan.
Need Help Creating an Estate Plan?
An estate plan is an important way to structure your assets for your heirs, and for your own peace of mind. Our attorneys can create a custom solution that protects you and your family in the event of incapacity or passing. For a free legal consultation with Lucé Evans Law, call (972) 632-1300 or request help online.
