Estate Planning Attorneys Serving Amarillo And All Of Texas
Estate planning is essential for everyone, including people of modest means and people with significant wealth or complex assets (businesses, professional practices, farms and ranches, etc.) to transfer to future generations. Those who fail to prepare their own estate plan must use the default estate plan that the State of Texas provides for everyone who dies without a personalized estate plan. Failing to plan almost always results in increased costs, conflict, and a result that makes everyone involved unhappy.
Morgan Williamson is a trustworthy resource for individuals and families in need of forward-thinking estate planning and the resolution of probate matters. We have extensive experience in helping our clients preserve and transfer wealth, as well as avoid probate proceedings altogether.
Use The Right Tools For Your Estate Plan
A valid will is the foundation and starting point of a comprehensive estate plan. Our estate planning services encompass documents and issues such as the following:
- Wills, including pour-over wills, complex wills and simple wills
- Trusts, including special needs trusts, charitable remainder trusts and generation-skipping trusts
- Powers of attorney
- Advance health care directives
- Designation of Guardian
Frequently Asked Questions About Estate Planning
Bring your concerns and questions to our attention at Morgan Williamson. Following are some of the more common questions that people have about estate planning in Texas:
When should you create or update your will?
Adults of all ages should have wills. However, certain life events serve as reminders for many people to verify that their wills are up to date. When you get married, become a parent, move from one state to another, or approach a trip abroad or another venture marked by risks, this is an appropriate time to have your will looked at by a knowledgeable attorney.
When is a trust better than a will?
This question is deceiving, because even someone who puts most or all of their assets in trusts should also have a will. A pour-over will can account for any assets that come into the estate after most property has been transferred to a trust. Trusts may reduce tax liability and simplify the process of passing assets from one generation to the next.
An exploratory consultation with a knowledgeable estate planning lawyer can be eye-opening. We encourage you to inquire if you are interested in creating or updating your estate plan.
Protect Assets For Your Intended Beneficiaries
If you don’t have a will or if your existing will is outdated, your legacy may be at risk. Put your mind at ease by consulting with a lawyer at our firm in the near future.
You can reach our Amarillo law office and schedule a consultation with an attorney by calling 806-705-7546, or complete our contact form. Our estate and probate attorneys can answer your questions and help devise a strategy for achieving your goals.