We all achieve so much through hard work and perseverance. Naturally, most of us wish to eventually pass our beloved possessions and personal property on to the people we love. With careful estate planning, you can be assured your final wishes will be honored and that your loved ones, as your intended beneficiaries, will get their rightful share of your estate. To this end, consulting a Houston estate planning attorney can be highly beneficial.
Most people commit the mistake of not planning for the disposal of their estate upon death. You can avert these errors if you discuss these matters with a Houston estate planning attorney.
Common Mistakes In Estate Planning
Contrary to what most people think, estate planning isn’t exclusive to the rich. Estate planning is only focused on arranging the manner of distributing the estate. You don’t have to own mansions or hold millions in the bank. As long as you have a property to dispose of upon death, planning the manner of disposing of your properties can be beneficial.
When it comes to estate planning, your financial status won’t matter. Rather, estate planning concerns only the manner of distributing money, property, and other assets of a decedent. This includes determining who will receive these properties and how much would each beneficiary receives. This is where a Houston estate planning attorney can help.
Estate planning is more complex than just drafting a will. In the latter, you only need to execute a legal document. Estate planning, on the other hand, is a very broad subject and covers a lot of areas, including trusts, medical directives, and more.
Creating an estate plan by yourself may seem like a good idea, but it seldom is. Planning the manner of disposing of your estate requires compliance with the different provisions of the law to make it effectual. It also necessitates familiarity with all scenarios that might come up and different ways to handle them legally. Estate planning lawyers are familiar with both the law and the experience of a wide range of circumstances and can help you plan for all possible scenarios.
Call the experienced Houston estate planning attorneys for a FREE consultation. We offer will services in Houston, as well as a wide range of other Texas probate services.