Safeguard Your Legacy With Our Austin Estate Planning Attorneys
Estate planning is not just for the wealthy; it’s for everyone who wants to ensure that their wishes are honored and their loved ones are cared for. Estate planning is a gift to yourself and your family. It will give you peace of mind knowing that your future is well-planned.
At Warren & Kazen Law, we can help you achieve that security through a carefully constructed estate plan.
With over 25 years of experience, our Texas estate planning lawyers focus exclusively on estate planning, estate administration, probate proceedings and related services. We are passionate about these areas and offer a tailored approach. We care deeply about your concerns and will strive to make you feel supported. You can trust that our team will always be responsive to your needs.
When Should I Create My Estate Plan?
You can start your estate plan at any stage of life, but certain milestones often prompt the need for a comprehensive plan, including:
- Marriage
- Birth of a child
- Purchase of a new home
- Divorce
- Birth of a grandchild
- Retirement
These are just a few examples of when to consider creating or revising your estate plan, which should always reflect your current situation in order to effectuate your wishes.
Choosing The Right Estate Planning Tools For You
Navigating estate planning law in Texas can be complex, but we’re here to help you select the right tools to meet your goals. Common estate planning tools include:
- Wills: This document will express your wishes for asset distribution and guardianship for minor children.
- Trusts: A trust can manage your assets during your lifetime and distribute them after your passing, among other things.
- Powers of attorney: These documents grant someone you trust the authority to make decisions on your behalf should you become unable to do so. They can include financial matters, such as managing bank accounts or selling property, as well as health care decisions.
- Living wills: Also known as an advance directive, this document outlines your wishes regarding medical treatment if you become incapacitated and cannot communicate. It will help your health care providers and loved ones make decisions that align with your preferences, particularly about life-sustaining procedures.
- HIPAA releases: This form allows designated individuals to access your medical records and discuss your health situation with health care providers. It ensures that those you trust can stay informed about your medical condition when they need to make informed decisions on your behalf.
- Property agreements: These contracts can determine how property is categorized and handled.
- Transfer on death deeds (TODDs): This legal instrument allows you to pass on real property outside of probate.
- Family LLPs: These and other business entities can protect family assets and manage property within a family structure.
Each of these tools serves a unique purpose, and we can guide you in choosing the ones that best fit your needs.
When Should I Update My Estate Plan?
An estate plan is not a one-time task; it needs to evolve as your life does. Major life changes such as marriages, divorces, births, deaths or significant financial shifts should trigger a review and potential update of your estate plan.
Start Preparing Today For What Tomorrow May Bring
Creating an estate plan is one of the most significant steps you can take to prepare for tomorrow’s unknowns. Contact us, your trusted estate planning law firm in Austin, and let’s begin crafting your secure future together. Call 512-982-1141 or reach out online to get started.