An effective estate plan can only be created if a lawyer has a solid understanding of the client's assets, family and vision for the future. In other words, communication is critical.
At Gauntt, Earl & Binney, LLP, our estate planning attorneys in The Woodlands start by taking the time to listen to our clients. We gather the information necessary to formulate a plan that may include any number of components such as:
- Powers of attorney
The goal of estate planning is wealth preservation. When crafting an estate plan, there are a number of threats that need to be taken into consideration, particularly for high-asset estates. These threats could jeopardize the amount to be passed on. One of the most prominent is estate tax. For that reason, estate tax planning is a significant part of our practice.
An Estate Plan Can Be More Powerful Than You Think
When people think of estate planning, they often think only of passing their assets on to the next generation. With decades of experience on our side, we make certain our clients understand everything that an estate plan can do. For example, an estate plan can incorporate elements of elder law, nursing home planning and Medicaid planning. It can establish contingencies for what is to be done in the event of an incapacitating injury or illness.
Estate Planning Is Not A One-Time Event
An estate plan should not just be created and forgotten. In the event of any major life changes, such as relocation to another state, it must be revisited. Additionally, laws change frequently, including those that relate to estate planning. It is important to have an estate plan reviewed by an attorney regularly to ensure that it is aligned with current laws. We can assist with reviewing and updating estate plans.
Talk To Our North Houston Will And Trust Attorneys
Contact our Texas law firm via phone at 281-305-4374 or via email.