Making Decisions With An Impact

If you have ever lost a loved one, you know how complicated the estate administration process can be — and how crucial it is to have your estate plan well in place. If it is not, you are leaving your family to the probate process, which can be lengthy and expensive. They will have to handle your affairs while grieving.

There is an easy way to give you and your family peace of mind that your affairs will be settled easily and efficiently after you pass away. Creating an estate plan is simpler than most people think.

Protecting Your Estate And Your Family

At Gonzalez Law, we have worked with countless clients to create an individualized plan. Many people think an estate plan is simply a will. However, there are many aspects that you can use to customize your plan to your needs, including:

  • Wills. In some cases, a simple will is the best option, especially if your estate is not complex. This can mean that your biggest piece of property is your home, or perhaps your estate has no real estate. Wills must go through probate administration, which is the process of evaluating them in court after your death. With proper advanced planning, there are ways to avoid probate altogether, without a trust or having to go to court.
  • Trusts. If you own property like real estate or a company, a trust or real estate holding company may be right for you. It allows you to place your estate in a "living trust" or a limited liability company, either of which protects it from probate and/or personal creditors. Then, your trustee or surviving managing members will be in a position to safeguard your assets, and handle the distribution of assets after your death.
  • Power of attorney and other advance directives. By outlining your wishes, you can ensure that your wishes are respected in the event of your incapacity. This may be due to illness or any other reason. This is important to set up yourself, because if you become incapacitated without deciding for yourself, the court will decide.

It is important to work with a lawyer that you trust. Our founding attorney, Joe Gonzalez, has years of experience in estate planning and probate, as well as real estate. He is also a registered CPA. This means that he is able to help you with any aspect of these areas, which often go together.

The First Step: Call Today

It is never too late to get help on your estate plan. To discuss your situation with a seasoned estate planning attorney, call our Fort Worth office at 817-349-7730. Or, reach out through our online contact form. We will respond as soon as possible.

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