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.
We have convenient offices throughout the Houston area. Our clients are successful individuals who have reached an age when they realize it’s necessary to take action in order to protect their families, plan for their retirement and prepare for possible incapacity in the future. We realize that you may be overwhelmed by the prospect and the decisions involved in the estate planning process, but rest assured — we have helped hundreds of people meet their goals efficiently and effectively and will help you do the same.
Unlike many other practices, Hegwood Law Group focuses only on estate planning and related issues, so not only are our skills in this area finely tuned, but our attorneys have fulsome experience in this aspect of the law. We are acutely aware that we are working with you to construct documents and make crucial decisions that will affect you and your family for a long time, so we treat you as we would like to be treated — with respect and personal concern. In fact, many of our clients become our friends.
You can count on us to make sure every “t” is crossed and every “i” is dotted in any document we prepare. Also, we regularly review your documents to make sure they are current and available for immediate use. Knowing the stress that can result from an unknown financial obligation, we most often work on a flat fee basis.
Usually, the best way to avoid probate is to transfer your assets to your beneficiaries by establishing a revocable living trust. Once you put your assets into a living trust, they are managed by your appointed trustee and are not liable to probate or to estate tax. You should remember, however, that according to the recent revisions to the tax code, only those with assets over $11.2 million are subject to inheritance tax.
A living trust also has the advantage of protecting your privacy since, unlike a will, the trust is not a matter of public record. In your living trust you name a trustee and a surrogate trustee in case the first-named individual dies or becomes unable to perform the necessary duties. At the time of your death, the trust becomes irrevocable and the trustee in charge (now known as a successor trustee) will transfer your assets to your beneficiaries. As the name implies, a revocable trust has the advantage of being able to be changed at any time.
While most people do not opt for irrevocable trusts because of their permanence, such trusts do have tax advantages for those with extremely high-value assets. Irrevocable trusts will also do a good job of protecting your assets from creditors.
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.
Once you commit to working with our highly qualified, compassionate attorneys at the Hegwood Law Group, you will be pleased to find that we are comprehensive as well as attentive to detail. We are fully capable of helping you to deal with any and all of the following matters:
No matter what your estate planning needs are, the attorneys at Hegwood Law Group are eager to meet them. You will find us accessible, frank, and responsive. Why not call us or fill out one of the contact forms on our website today? You’ll be glad you did.
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.
Hegwood Law Group