Best Estate Planning Attorney, McKinney & Whole Collin County, TX
Lucé Law Firm proudly creates exceptional wills and trusts for our clients. You can rest easy knowing that your assets will be distributed according to your wishes. A complete estate plan begins with a conversation about your personal goals, followed by a discussion of pertinent family matters and a detailed financial analysis. It does not end until the plan has been fully implemented, from signing documents to re-titling assets and updating beneficiary designations. By looking at the entire picture, your attorney works with you to build a tax-efficient estate plan that maximizes your ability to face events that affect you and your family during life and after death.
Despite common misconceptions, everyone needs an estate planning attorney. You do not have to be rich to develop an estate plan. While wealthy individuals may require more complicated strategies to avoid federal and state death taxes, even the “not-so-rich” require planning to pass property to their heirs and appoint guardians for their children. A simple will may be the estate planning you need, but it is still extremely important. Starting out with a simple will is an excellent way to protect yourself and your loved ones. Our simple wills are flexible documents that can be amended as your family grows and changes.
Importance of Estate Planning
The importance of estate planning cannot be understated. Smart estate planning will protect your family, especially if you have children, and ensure your heirs do not overpay on taxes following their inheritance. A smart attorney will help you throughout the entire process.
Process of Estate Planning
The process of estate planning is relatively simple:
- Create a full inventory of what is owned and owed
- Create a contingency plan
- Provide for children and dependents
- Protect assets
- Document your final wishes
- Appoint fiduciaries
Purpose of Estate Planning
The purpose of estate planning is to protect your loved ones after your death. Any individual who will benefit from your estate, who may not understand the situation, will be cared for in a convenient and efficient manner.
Digital Estate Planning
Digital estate planning is a relatively new technique to an old system. Essentially, we handle everything to do with your “digital property,” including social media accounts, email accounts, online storage accounts, and photo sharing accounts, for example.
Types of Estate Planning
There are a few types of estate planning that you may wish to consider, such as:
- Trusts for Children
- Trusts for Pets and Animals
- Trusts to Benefit Charity
- Trusts to Pass on Family Wealth
- Trusts to Reduce Taxes
- Trusts in Your Will
- Trusts to Pay Funeral Expenses
An attorney will ensure these trusts are fully outlined and enacted.
Available services include:
- Revocable Living Trusts
- Durable Powers of Attorney
- Healthcare Directives
- Living Wills
- Irrevocable Trusts
- Charitable Trusts
- Generation-Skipping Trusts
- Family Limited Partnerships
- Gifting Strategies
- Asset Protection Strategies
- Business Succession Planning
- Insurance Planning
For further information, please contact our estate planning attorney today to schedule a free initial legal consultation.