Plan For Your Future In Confidence With The Help Of A Compassionate San Antonio Estate Planning Attorney
Estate planning is something that everyone should do, yet too many people put it off. When we pass on without an estate plan in place, our estate goes through a probate process, which can place our assets in the wrong hands. Instead of leaving your hard-earned assets to the law after your passing, make your last wishes heard through proper estate planning.
I am John Hicks, a Texas estate planning attorney committed to helping my clients develop ironclad estate plans that they can count on before and after their passing. At The Hicks Law Firm, I know how sensitive these matters can be, which is why I provide all my clients with the respect and attention they deserve from their lawyer. While I am helping you through the planning process, I will also answer any questions you may have about estate planning.
What Is A Will?
A will is a legal document that specifies your plans for your property, valuables, money and other assets as well as who will inherit them. Additionally, these documents can also define your wishes regarding who will care for your dependents when you are no longer able to do so yourself.
What Is A Trust?
Despite the misconception, a trust is different from a will in many ways. A trust is a fiduciary plan that allows assets to be held by a third party for a beneficiary. A trust also has more control over how the assets pass on, including details such as when someone receives their inheritance and the amount they receive each time. Proper trusts can also help avoid some estate taxes as well.
Who Needs An Estate Plan?
Estate plans are not just for the ultra-wealthy. In fact, everyone can benefit from an estate plan. A proper plan can keep loved ones from fighting over your estate when you pass on, clarify any questions they may have, avoid a complicated probate process, and even help confirm your wishes while you are alive but are unable to act on your own behalf.
When To Modify An Estate Plan
Any major life event can be an opportunity to update an estate plan. Common situations include significant changes to income, marriage, divorce, the birth or adoption of a child, and a loved one’s passing. Additionally, your opinions may have changed over time, meaning that you should be sure to review your plan every few years to confirm that it reflects your current wishes.
What To Include In Your Estate Plan
Proper planning should include wills and trusts, but there is much more that an estate plan can do. A health care directive can specify medical wishes, like how long you want to remain on life support, what kind of operations or procedures you approve of, and whether you want to be an organ donor. You can also appoint a power of attorney and executor to act in your best interests before and after your passing.
A Strong Estate Plan Can Begin With A Free Consultation Today
If you want to have an estate plan in place that gives you peace of mind about the future, contact my San Antonio office to schedule your free initial consultation. Call 210-987-3059 or email me here to take the first step in developing the safety net you deserve for your future.