Since tomorrow is promised to no one, it is imperative that everyone have their estate plan in place. And honestly, you plan because you have someone you love. Protecting your loved ones and all that is valuable to you can only be accomplished with a comprehensive estate plan through the creation of a will, trust, or another estate planning tool. We have the unique ability to help you in that endeavor so that you are prepared for whatever the future may bring.
At Hegwood Law Group, we believe that our approach to estate planning is the most efficient and effective way to protect the rights and interests of you and your loved ones. Representing individuals throughout the Greater Houston, Texas area, we strive to provide our clients with the professional, skilled services they need and deserve. From simple wills to complex family business succession plans, we have the experience necessary to meet all of your estate planning needs.
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 — a Houston estate planning attorney is 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.