Hurst Estate Planning Lawyer
Tarrant County Estate Planning Attorney for Wills, Trusts, and Advance Directives
It is important for everyone to plan for the future, regardless of their age or financial status. By creating an estate plan, a family can take steps to avoid uncertainty in the future, ensure that different loved ones will be provided for, and address potential issues that could lead to unnecessary expenses or conflicts between family members. With the help of an attorney, a family can gain an understanding of the estate planning tools that are available, and they can create legal documents that will fully detail a person's decisions and address issues such as medical treatment and end-of-life care.
At Daniel R. Bacalis, P.C., we work closely with families to address their needs during the estate planning process. We can provide guidance on the use of different types of legal documents to protect family members' rights and interests, and we can answer any questions that family members may have while addressing their concerns about how medical care and financial issues will be handled. We can help a family create a comprehensive estate plan that will cover multiple situations, including decisions about what will happen after a person's death and provisions for providing assistance to elderly family members and ensuring that they will be able to meet their needs throughout their lives.
Tools Families Can Use During the Estate Planning Process
There are multiple legal documents that may be used to detail a family's plans for the future. A last will and testament is one of the most foundational documents that may be included in an estate plan. In their will, a person can make decisions about how their property should be passed to their heirs, and they can also nominate a person who will act as a guardian for their minor children in the event of their death. By creating a will, a person can help their loved ones avoid uncertainty about their wishes.
In cases where a family wishes to address the financial needs of multiple family members, trusts may be a good solution. These agreements will place certain assets in the control of a person known as a trustee, who will follow instructions for how assets should be distributed to different beneficiaries. Trusts can come in many forms, including revocable living trusts that will allow a person to maintain control over their assets, use their financial resources to provide for their own needs, and pass assets to beneficiaries both before and after their death. Multiple other types of trusts are available for different purposes, including charitable trusts, special needs trusts, and life insurance trusts.
An estate plan may also make provisions to ensure that a person's needs will be met as they get older and near the end of their life. Different types of advance directives, such as a living will, can provide instructions regarding the types of medical care a person does or does not want to receive if they are in a situation where they cannot make their wishes known. Powers of attorney can also be used to grant authority to a trusted person who will be authorized to make decisions for someone else. For example, a person may create a medical power of attorney that will allow a family member to address issues related to their care and treatment, as well as a financial power of attorney that will let a loved one manage their property, income, expenses, and other financial matters. By addressing these issues during the estate planning process, a person can make sure their needs will be provided for and ensure that their wishes will be followed correctly.
Contact Our Euless Estate Planning Attorney
To learn more about how our firm can help your family address issues related to estate planning, contact our office at 817-498-4105 and set up a free consultation. We provide legal services to clients in Bedford, Denton County, Southlake, Hurst, Grapevine, Watauga, Tarrant County, Euless, and Parker County.