Find The Best Network of Estate Planning Attorneys in Waco TX

Posted by P. James Rainey on January 12th, 2017

Estate planning is the process of deciding the distribution of your property and assets to your survivors in the event of your demise. It is an important process which helps you to plan the future of your dependents, in a way. Planning the distribution of your assets among your survivors helps all the parties involved in quickly settling your assets without wasting any time. This process can be facilitated through hiring a firm which has the best network of estate planning attorneys in Waco.

Estate planning well in advance helps you sort out many aspects of your life. Here are a few:

Better care of minor offspring

In case you pass away without having done any estate planning whatsoever, the decision of the custody of your offspring will remain open to the authorities. This decision should rightfully be yours, since a minor cannot be expected to make such decisions on his own. In estate planning, you get to decide each and every detail of your child’s custody in case you should suffer death. Hiring a professional firm that deals with such matters exclusively helps you to understand the nitty-gritties that you need to pay attention to while planning.

Disabilities and special conditions

In case the person who wishes to plan out his estates is incapable of carrying it out for any reason, hiring an estate planning attorney will smoothen things out considerably. Trustworthiness of such an attorney should be unquestionable, as it concerns your property. Attorneys usually have an oath of confidentiality.

No probate court required

Estate planning allows you to avoid your case going to probate court in the case of your demise. If you do not have anything planned, the state will appoint a probate lawyer who will have the liberty to distribute your assets the way he deems fit. This may not always be fair to the family members. Therefore, it is best to appoint an estate planning attorney early on and plan everything out.

Relief from stress

Knowing that you have everything planned out enables you to breathe an air of relaxation. It is like one responsibility off of your shoulders. Knowing that your family will be cared for and will be financially settled even after you are gone is a big relief in itself.

An estate planning attorney is going to help you with more than just helping you plan out your will and testaments. Some of the roles of an estate planning attorney are as follows:

• They help you draft living trusts. A living trust is an instrument in the form of a written document (legal) through which your assets become a part of a trust while you are alive. Upon your death, these assets get distributed to your survivors as per your will.
• These lawyers help you to devise a plan to help you reduce or avoid estate taxes.
• These lawyers help to ensure that whatever your beneficiaries are getting of your assets remains safe from their creditors.

In order to ensure your property is well planned and your family is well looked after, plan today. Hire an estate planning attorney for assistance.

ABOUT THE FIRM

Rainey and Rainey, Attorneys at law, LP is a premier firm in Texas that provides assistance to clients with complex issues involving Elder Law, Personal Injury and Estate Planning issues. They work by building a close working relationship with the client, recognizing their unique requirements and building solutions around the specific factors pertaining to each case.