There are many legal strategies involved in estate planning, including wills, revocable living trust, irrevocable trust, durable powers of attorney, and health care documents.View Practice Detail
With life expectancy increasing every day, it is becoming more and more necessary for individuals to plan for their future.View Practice Detail
Long-term care for the elderly and disabled is extremely expensive. For most, the amount of care they need far exceeds their financial ability.View Practice Detail
If you are struggling to raise a child with a physical or developmental disability, we personally understand what obstacles and ...View Practice Detail
The loss of a loved one is difficult enough without the added stress of dealing with the complicated world of probate and estate administration.View Practice Detail
The health care law offers new rights and protections that make coverage fairer and easier to understand.View Practice Detail
Planning for long-term care is becoming more and more necessary due to longer life expectancies and the frequency of physical and mental impairments.View Practice Detail
Caring for your children is one of the most basic instincts for a parent, whether it is protecting them from physical harm or emotional pain and providing for them financially.View Practice Detail
Family law is an area of the law that deals with family matters and domestic relations, including adoption and surrogacy.View Practice Detail
More than 80 percent of businesses in the United States today are family-owned. Unfortunately, only 30 percent of those businesses survive to the next generation.View Practice Detail
Individuals who served in the military during wartime may be entitled to government benefits. These specialized benefits are designed to ...View Practice Detail
A gun trust in Texas is a unique legal tool in compliance with the National Firearms Act that offers legal protection and greater flexibility for both Title 1 and Title 2 gun owners.View Practice Detail
Pets are part of our families, and providing for them after we are gone is very important. You can make ...View Practice Detail
Houston Guardianship Attorney In Texas, as elsewhere in the United States, a guardianship is a relationship created and monitored by ...View Practice Detail
Houston Estate Planning Attorney
Hegwood Law Group is an estate planning practice you can count on. We are trustworthy as well as knowledgeable, and want nothing more than to help you plan successfully for the secure future of you and your family. When you come to one of our convenient Houston offices, you will know you have come to the right place, a place where family comes first. We understand that estate planning has emotional, sometimes stressful, components, and we are ready to make the process as smooth and stress-free as possible. We are also aware that your case is unique and will listen carefully to make sure all of your personal concerns are addressed effectively and efficiently. You are never just another client to us — we are dedicated to treating your family as we treat our own.
Hegwood Law Group’s Comprehensive Estate Planning Services
At Hegwood Law Group, we are prepared to deal with every aspect of estate planning, including:
Wills are typically part of estate planning because it is in your will that you will name your executor and your beneficiaries. You may also wish to state your wishes regarding your funeral or memorial services.
Probate is the process by which the court determines the validity of a deceased person’s will. For those with substantial accumulated wealth, probate can be a complicated, time-consuming, and costly process, one that is especially daunting after the death of a loved one. The probate attorneys at Hegwood Law will do everything possible to make this legal process short and inexpensive. We may even be able to make it totally unnecessary.
Since Hegwood Law frequently deals with substantial estates ($1 million and over), we will assist you in establishing trusts. Because trusts put your assets under the trustee’s management, they can serve many purposes. They can help you avoid lengthy probate, decrease your tax liability, and protect your assets from creditors. They can also keep family members who, for one reason or another, are incapable of managing their own finances, from receiving access to a large inheritance all at once. Another advantage of trusts is that they protect your family’s privacy since, unlike wills, they are not public documents.
There are a great many types of trusts, each designed with a specific purpose. We can help you to create trusts that are appropriate to your family’s particular circumstances, such as: revocable and irrevocable trusts, trusts for minors, special needs trusts, spendthrift trusts, charitable trusts, and pet trusts. At Hegwood Law, we are adept at establishing whichever trusts suit your family’s needs best.
In addition to establishing trusts, our estate planning attorneys are well-schooled in other means of protecting your assets. We know how hard you have worked to build your nest egg and how eager you are to protect your estate for your retirement and to secure the future of your heirs. As we seek to protect your assets, we will take advantage of all the benefits Texas law provides.
In Texas, for example, there is no monetary cap on the value of your homestead. Instead, your homestead is assessed in terms of acreage; you are entitled to keep 200 acres of property that your creditors cannot touch. We also use other methods to protect your assets, such as organizing your investments, establishing charitable foundations, drafting premarital and postmarital agreements, and creating corporations, retirement accounts and college saving plans. There are a number of other ways to legally protect your assets. We will be happy to discuss the myriad options with you.
If you own a business, you will want to plan for a smooth transfer of ownership when you retire, become incapacitated, or pass away. Hegwood knows the complexities of this process, particularly when it involves multiple stakeholders, such as partners, lenders, creditors and third-parties. We will help you by doing any necessary negotiations, making sure to take note of any and all tax implications.
Guardianships and Conservatorships
A guardianship is usually established when an individual (the ward) is incapacitated to the point that he or she can’t take care of his or her own personal or economic interests. When a ward is capable of self-care, but unable to manage financial matters, a conservatorship may be created instead. In this case the person in charge (the conservator) takes over only the management of the ward’s assets. Whether a guardianship or conservatorship is proposed, the court assesses the extent of the ward’s incapacity and arranges for as few of that person’s rights to be taken away as possible. The court always puts the best interest of the ward above all other considerations.
Elder Law and Family Law
Hegwood Law Group focuses on what is most helpful to your family, so it is natural that we should include elder law and family law among our practice areas. Our estate planning consultations include discussions of preparation for long-term care and preplanning for Medicaid eligibility. We are also skilled in assisting with family law matters such as divorce, child custody, adoption, and grandparents’ rights.
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.
Estate planning can be uncomfortable since it necessitates facing your own mortality. Working with a compassionate, honest, well-informed estate planning attorney can make the task go smoothly and address all of your concerns about your future and the future of your loved ones. If you are looking to protect your accumulated assets while preparing for contingencies, Hegwood Law Group is the estate planning law firm to contact.
Government Entitlement Programs
Our capable attorneys will help you to navigate the sometimes convoluted pathways to government benefits such as Social Security, Medicare, and Medicaid, which can provide welcome additional income or services as you grow older.
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