Estate Planning and Asset Transfer
Trusts,Wills ,Estate Planning & Probate Attorney/Lawyer in McAllen, Harlingen & Brownsville,Texas
There is more than one way to ensure that the wishes of you and your loved ones are realized when the time comes to transfer your assets. We design our clients’ estate plans with a view toward minimizing death taxes, avoiding probate, business succession, and other issues. We also help plan for maintaining control of assets should any incapacity occur.
We help our estate planning clients design both simple and complex wills, and draft and oversee their execution. We can also create revocable and irrevocable trusts. Powers of attorney are used in financial and health care decisions in the event of incapacity. We prepare living wills, also known as physicians’ directives, which provide instructions to doctors limiting the type of measures used to keep a critically ill client alive by artificial means.
Planning for the transfer of ones assets is one type of preparation for the future that many people put off. A person may be very responsible in almost every other way and yet neglect this area because of what it contemplates,their death. Yet, if put off the best opportunity to set up a plan which will carry out your intentions and which will transfer assets at your death in the most efficient and effective manner could be lost. People who don't like to take things for granted and don't like to just let things happen, but, instead like to be prepared owe it to their memory and those they leave behind to make these type of estate plans as well.
We work with our clients preparing trusts and wills in developing such estate plans. There is more than one way to accomplish this and various alternatives are utilized, depending upon the need and preferences of our clients, and are designed with a view toward minimizing death taxes, avoiding probate, business succession and other issues at death. We also help plan for maintaining management of assets should any incapacity occur.
Many people prefer a will as their primary estate planning tool. Even if a will is not the primary tool having a will in place to backup other planning tools is usually advisable. We help our clients in there estate planning design both simple and complex wills, draft, and oversee their execution.
REVOCABLE AND IRREVOCABLE TRUSTS
Trusts can be created within the body of a will, known as a testamentary trust, which comes into existence only after the probate of the will or they can be what is called a living trust and is not in the body of a will and comes into existence immediately upon its execution and funding. We assist our estate planning clients in the design and funding of revocable living trusts as a management tool in the event of incapacity and as a means of avoiding probate, avoiding delay in distributing assets at death and reducing estate and inheritance taxes.
POWERS OF ATTORNEY
Powers of attorney are are used both for financial and health care decisions in the event of incapacity.We prepare both types of powers of attorney for our estate planning clients.
Living wills also know as physicians directives provide instructions to physicians limiting the type of measures which are utilized at the end of a person's life to keep them alive. We prepare these directives for our clients and advise our clients to consider them during the estate planning process.
Law Offices of Robert C. Sheline
1520 Dove Ave
847 E. Harrison
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