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It’s easy to find free estate planning guides online these days. Are you tempted to save the time and money of hiring a Houston estate planning attorney? Print eight or ten free forms off a website, and you can handle your estate planning matters independently. Right?
Wrong. Trying to handle the legal complexities involved in estate planning without legal aid can be disastrous. You might lose assets in the probate process, drain savings, and pay more estate or inheritance taxes than you should. Your DIY will might even be invalid when you pass on! DIY estate planning is usually a losing proposition.
A Houston estate planning attorney will review your estate and goals and recommend a legally sound estate plan that’s best for you.
A one-size-fits-all approach to Texas estate planning doesn’t usually work out well. Every family and estate is unique.
For instance, a situation with some or all of these factors requires a customized estate plan:
You can learn online how to do many things these days. From changing a tire to filing your taxes, there are many things we do ourselves at home. But most of us shouldn’t handle our estate planning by ourselves.
While it’s possible to do wills, trusts, and powers of attorney yourself, all it takes is one small mistake. Then you have lost time, money, and stress to deal with as well as estate planning.
Another reason to use an estate planning lawyer is this process isn’t just about who gets your ‘stuff’ when you die. A significant component of a solid estate plan is what happens if you become mentally or physically unable to care for yourself or make decisions.
Lastly, not using an attorney to complete a will, trust, or power of attorney can mean something on the critical legal documents was done wrong. Imagine if your DIY will isn’t legally valid when you pass away! Your heirs might lose their inheritances, and all your hard work building a legacy for them was for nothing.
Your estate planning lawyer has a deep understanding of Texas estate law and experience in many complex legal subjects that affect seniors:
Imagine trying to handle these complicated elder law issues on your own!
If you need estate planning advice, you must talk to an attorney as soon as possible. The Houston estate planning attorneys at The Titus Law Firm will help devise a legal strategy to protect your assets, reduce taxes, and much more. Please contact us today.
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Creating sophisticated legal solutions with simplicity and ease. Whether you need an estate planning attorney, real estate attorney, or business attorney, The Titus Law Firm can help you determine the legal structure for your current needs.
There’s no minimum age for beginning your estate plan. In fact, it’s never too early to start, but there may come a time when it’s too late for certain estate planning strategies. You’ll want to create your estate plan long before you need long-term care, for example.
That being said, no one knows what will happen in the future, and if you have assets that need protecting, the best way to preserve your wealth for future generations is to speak with an estate planning lawyer early.
If you need to change something in your estate plan, it’s best to work with an experienced estate lawyer. An estate planning attorney can ensure that your estate planning documents are legally binding and that they express your wishes exactly.
You should update your estate plan at least once every few years, but you also need to keep in mind that your estate planning strategy should always reflect your lifestyle and your needs. This means updating your estate plan whenever you experience a major life change – like a marriage, a divorce, a new baby, or moving out of state.
