Entity Formation For Estate Planning: A Powerful Tool For Asset Protection
Entity formation isn’t just for starting a new business. It’s also a powerful strategy for asset protection that complements your estate planning.
At Warren & Kazen Law, our Austin and Dripping Springs based attorneys combine our more than 25 years of legal experience to protect your assets and ensure your wishes are honored. We understand the complexities of Texas entity formation and use it as a tool to craft a robust estate plan tailored to your unique situation.
We can help develop a strategy to protect your valuable personal and business assets through the formation of one or more entities, such as a limited liability company. Our goal is to safeguard your hard-earned property through the use of the most effective tools available.
What Is Entity Formation?
Entity formation is the legal process of creating a separate legal entity, such as a corporation or limited liability company (LLC). Legal entities offer several potential advantages, including:
- Management of family assets, such as real property
- Protection of your personal assets from business liabilities
- Business continuity
Our team can assist with all necessary entity formation documents and forms to establish your entity correctly and efficiently. We can also create the necessary deeds to transfer real estate to the entity.
Can An LLC Be Part Of An Estate Plan?
Absolutely. An LLC can play a critical role in your estate plan. It allows you to manage and protect assets, provide for your loved ones and potentially enjoy tax benefits.
Family LLCs Versus Trusts: Choosing The Right Tools For Your Estate
Both family LLCs and trusts offer unique advantages and can be used separately or together, depending on your goals. Family LLCs provide flexibility in managing family assets and can offer tax advantages, while trusts can offer greater control over asset distribution and privacy.
Our entity formation lawyers will help you understand the pros and cons of each option to determine the best fit for your estate plan.
Take The Next Step Toward Legal Entity Formation
Ready to take control of your future and protect your assets? Our attorneys can guide you through Texas entity formation as part of your comprehensive estate plan. Contact us today at 512-982-1141 to begin crafting a legal entity that stands the test of time.