Tarrant County Probate Lawyer: Estate Planning And Administration
Probate is the legal process for administering someone’s estate after they pass away. It can be complicated and costly. The more comprehensive an estate plan is, the easier it can be to administer an estate through the probate process.
At Teller Law Firm, P.C., in Grapevine, our probate lawyers are dedicated to helping families in Tarrant County with their legal challenges, including those who need a probate lawyer. With more than 30 years of litigation experience, they can provide reasonable and dependable guidance and advice for probate and estate administration.
What Does A Comprehensive Estate Plan Include?
An estate plan consists of several different legal tools that together make up your estate plan. A comprehensive estate plan typically includes several essential documents and strategies to protect your assets and make sure your wishes are known and followed. These documents typically include:
- Last will and testament: This document directs how your assets will be distributed after your death.
- Trusts: Trusts can help manage and protect your assets, reduce estate taxes, and provide for family members with special needs.
- Power of attorney: This document allows you to appoint someone to make financial decisions on your behalf if you become incapacitated.
- Advance health care directive: Also known as a living will, this document outlines your wishes regarding medical treatment if you are unable to communicate.
A well-crafted estate plan ensures that your wishes are respected, your loved ones are protected and your assets are distributed according to your intentions.
When Should You Review Your Estate Plan?
Regularly reviewing your estate plan is important to make sure it still meets your needs. You should also review your estate plan whenever you experience a significant life change. This may include a marriage, the birth of a child, an adoption, the death of a loved one or a divorce. Additionally, if you’ve inherited property or assets, or if your financial situation has changed significantly, it’s a good idea to review your estate plan.
What Does The Probate Process In Texas Involve?
The probate process in Texas involves the legal process of administering an estate after someone passes away. This may include validating the will, appointing an executor or administrator, inventorying assets, paying debts and taxes, and distributing assets to beneficiaries. We can guide you through this complex process, ensuring that your loved one’s wishes are respected and their estate is handled efficiently.
Schedule A Consultation With A Grapevine Divorce Lawyer
If you’re looking to create or update an estate plan, or need assistance with administering an estate in probate court, we can answer your questions and provide you with legal guidance. Our attorneys are available for confidential initial consultations. You can schedule an appointment by calling 817-612-4298 or sending us a message through our website.