Real Lawyers for Real Families
Wills and trusts are two of the most common and most important aspects of any comprehensive estate plan. Many Texans take advantage of these tools to prepare their loved ones for the future and ensure their legacy is preserved according to their wishes.
Working with an experienced estate planning attorney to assist in preparation of a valid will or trust is a vital component to ensuring your assets are protected and passed on to your loved ones. At Hembree Bell Law Firm, we offer comprehensive guidance, legal advice and drafting to prepare estate planning documents that will successfully preserve your assets and protect your loved ones while also providing for the uncertainty of the future. Our Estate Planning team is eager to help you and your family plan for a future that will help you achieve your goals.
Call us at (737) 265-7656 or contact us online to get started.
Your Will is one of the most important documents in your estate planning portfolio. A Will provides instructions to the ones you leave behind regarding how you want your assets distributed and debts paid upon your death. The sooner you make a Will, the better! Existing Wills should be reviewed occasionally to see if they need to be revised, especially after a significant life event such as marriage, divorce, or death of a spouse.
When you hire Hembree Bell Law Firm to draft your Will,
we will include provisions regarding:
Your personal representative or executor. This is the person who will lead the charge and make sure your will is carried out as written.
Beneficiaries for specific property. You should explain in detail who will receive certain assets, including cash, real estate, and personal property.
Alternate beneficiaries. Life is unpredictable. It is wise to have back-up beneficiaries in case one of your primary beneficiaries does not survive you.
How business assets will be allocated. If you own a business, those assets are separate from your personal assets. You should establish a plan for how the business will be passed on or dissolved.
How debts and taxes will be paid. Upon your death, your loved ones will incur final expenses – such as funeral and probate costs – and you may leave behind unpaid debts. Be sure to leave instructions on how those debts will be paid.
The care of your pets. If you have a pet, you can include a provision that names a caretaker for your furry friend.
A trust is another important type of estate planning tool. By establishing and funding a trust, you can leave behind assets for specific beneficiaries. Many people establish a trust to financially support their loved ones – often children – or to give to their favorite charities upon their death.
Hembree Bell Law can help you establish and fund many kinds of trusts, including:
Irrevocable living trusts