Estate Planning in Houston, TX: Where and When to Begin
Contrary to popular opinion, estate planning is not just for the aged or the wealthy: it’s for virtually anyone who wants to plan wisely for the future, protect their assets, and ensure that their family will be able to act in accordance with their wishes in the event of serious injury, incapacitation, or death—whether expected or unexpected.
You may not want to think about it, but a serious accident or illness could strike at any time—regardless of your age or health status. Unfortunately, many people push off estate planning until it’s too late; perhaps because they don’t yet know how they want their assets dispersed among their loved ones once they pass, they don’t understand the need for and benefits of estate planning, they simply can’t find the time to sit down and do it.
The estate planning attorneys at Hegwood Law Group in Houston, TX understand how challenging it can be to take that first step toward developing an estate plan, and they’ve worked with hundreds of people who start the process with apprehension and anxiety. As a result, they are fully prepared to help you through every step of the estate planning process while never losing sight of the fact that in one way or another, you will have to address emotionally challenging topics. With a reputation of not only knowing what they’re doing but truly caring about who they’re doing it for, the attorneys at Hegwood Law Group in Houston, TX will make you feel at ease, ensure that you are well-informed prior to each decision, and take care of all the small details for you in order to expedite the overall process.
Options for Protecting Your Assets in Houston, TX
It hasn’t been easy to get where you are; you’ve earned your assets, now be sure to protect them. Asset protection planning is something that almost everyone can benefit from, but if you are a business owner, medical practitioner, or otherwise hold a position that exposes you to personal liability, then it’s particularly critical that you start the process of asset protection planning as soon as possible. Whether you need the peace of mind that comes with knowing your personal assets are protected from business disputes and lawsuits, assurance that an impending divorce will not leave you with next to nothing, or confidence in knowing that the equity in your home would be protected should you have to declare bankruptcy, the only place to start is in the office of a highly qualified asset protection attorney who truly cares about you and the life you’ve built in Houston, TX.
At Hegwood Law Group in Houston, TX, this process begins with a comprehensive review of your situation by a knowledgeable and experienced asset protection attorney. There are numerous options for protecting your assets—many of which the layperson is unaware and therefore unable to benefit from. The asset protection attorneys at Hegwood Law Group will take the time to carefully review each option available to you before providing a recommendation based on the circumstances, types of assets, and professional or personal goals that are unique to your situation. One or more of the following tools or strategies may be implemented in your personalized asset protection plan:
- Life insurance on key employees or co-owners of your business
- Formation of a limited liability corporation or partnership
- The creation of a 401(k), IRA, or pension plan to shield your assets from creditors
- Use of legal exemptions to limit taxation on your income
- Minimization of estate tax
- Protection of inheritance during divorce
- Purchase of an annuity
- Reorganization of investments
- Establishment of charitable foundations and trusts
- Creation of personalized prenuptial or postnuptial agreements
Our Practice Areas
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Understanding and Navigating the Process of Probate in Houston, TX
If you’re not quite sure what the process of probate entails or whether or not you’ll have to deal with it, you’re not alone. Probate can be a lengthy, expensive, and complicated process, but it doesn’t have to be. With the right kind of estate planning and a qualified probate attorney, you can limit the hassle of probate and ensure that most of your assets pass to your beneficiaries outside of probate.
When you sit down with the probate attorneys at Hegwood Law Group, they will explain what each of the two types of formal probate processes in Houston, TX entail, which assets will have to go through the probate process and which are exempt, how to plan in a way that protects certain assets from the probate process, and whether or not your estate may be eligible for summary probate,
If your loved one has died without a will and you aren’t sure where to even begin, the probate attorneys at Hegwood Law Group can help with that too. In addition to helping you locate and gather the many documents required by the probate process, they will inform you of the state and federal guidelines that apply to your situation, and do everything in their power to understand and carry out your loved one’s wishes.
“Not only is Kim Hegwood a good LTC attorney, but her associate Meghna Patel is as well! They are both the nicest, caring people! Kim's all women staff are professional and friendly. It is apparent they love working for Kim which makes for a comfortable stress free environment for the client! I was very impressed. Definitely will refer all my friends!. Kudos ladies!” - Susan JonesRead More
Hegwood Law Group Is Here for You and Your Family
You can reach us by phone or by filling out one of the contact forms on our website. You will find us to be well-informed, respectful, and responsive. At Hegwood Law Group, we believe in providing our clients the absolute best legal representation combined with compassionate advocacy and honest advice. Our ultimate objective is to ensure that the needs and goals of our clients are met both efficiently and effectively.
We provide comprehensive services in areas such as estate planning, elder law, asset protection, probate, and serving clients in Clear Lake, Sugar Land, Katy, Bay City, the Galleria, Pearland, and The Woodlands.
Are You a Veteran? Make Sure You’re Enjoying Every Last Benefit
Veterans are entitled to a number of benefits, some of which many veterans are unaware. If you suspect that you or a loved one is not receiving the benefits that are owed, look no further than Hegwood Law Group. The experienced attorneys at this firm can review your situation and let you know whether any of the following benefits apply:
- Long-term care coverage and survivor benefits through Aid and Attendance
- Death benefits including funeral and burial costs
- Educational/training credits through the Government Issued Bill (G.I. Bill)
- Eligibility for high-value and low-premium life insurance policies
- Free tax preparation services
- Assistance with mortgage arrears