817-349-7730

Fort Worth Wills Attorney

Plano last will and testament and living trust lawyers

Fort Worth Wills Lawyer Serving Tarrant County

It is important for everyone to plan for the future. Even though you may not want to think about dying, you will want to make sure you leave behind instructions for how your affairs should be managed after you are gone. In addition to making decisions about ownership of your property, you can also take steps to protect the assets you own, and ensure that you will have the necessary financial resources throughout the rest of your life. During the estate planning process, an experienced attorney can advise you on the tools that will be the best solution for your unique situation.

Gonzalez Law, PLLC provides legal help to individuals and families in matters related to estate planning, ensuring that they are prepared for the future and have taken the correct steps to avoid complications following a person's death. With over 30 years of legal experience, our lawyers understand the financial concerns and legal issues that families may face, and we are dedicated to providing peace of mind for our clients. Whether you are looking to create or update your will or want to know about the benefits of holding your assets in a trust, we can help you set up a comprehensive estate plan that will meet your family's needs.

Issues Addressed in a Will

Your last will and testament allows you to make decisions about how certain matters will be handled after your death. Typically, a will addresses the distribution of assets by specifying who should inherit different types of property. By detailing how you want your property to be distributed among your heirs, you can ensure that your family will be able to avoid confusion about your wishes. If you have minor children, you can also use your will to nominate a person who will serve as their guardian in the event of your death.

Creating Different Types of Trusts

To ensure that your assets will be properly distributed to your beneficiaries, you may want to create one or more trusts. When you do so, you will transfer ownership of certain assets to the trust itself, allowing them to be managed by a trustee. You will also provide instructions for how these assets should be distributed to different beneficiaries. Trusts often allow for an easier and more streamlined distribution of assets, since the probate process will not be required. Trusts can also provide your family with privacy, ensuring that matters related to your property and finances will be kept confidential.

Multiple types of trusts are available, including:

  • Living trusts - When you create this type of trust, you may serve as the trustee while naming a successor trustee who will take over management of the trust if you die or become incapacitated. You may also name yourself as a beneficiary so that you will be able to use your assets to provide for your needs, such as by paying for care in an assisted living facility after you reach an elderly age. Living trusts are usually revocable, meaning that you can change their terms at any time before your death.
  • Irrevocable trusts - You may want to create a trust that cannot be altered, and this can ensure that your assets will be safeguarded from creditors or abusive family members while also providing instructions for how assets may be used by different beneficiaries.
  • Special needs trusts - If you have a loved one with disabilities, you may want to help provide for their needs, but giving them money or property directly may make them ineligible for government benefits. By creating a special needs trust, you can provide assistance while ensuring that they will be able to receive the proper benefits.
  • Charitable trusts - You can support causes you believe in by creating trusts that allow your assets to be distributed to charitable organizations either before or after your death.

Contact Our Arlington Estate Plan Attorney

To learn how our firm can help you use wills and trusts in your estate plan, contact our office today at 817-349-7730 and set up a complimentary consultation. We provide assistance with estate planning to people in Forest Hill, Fort Worth, Saginaw, Arlington, Tarrant County, Dallas, White Settlement, Plano, Richland Hills, and Haltom City.

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Location

1227 W. Magnolia Avenue, Suite 520
Fort Worth, TX 76104

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