Estate Planning With An Estate Lawyer Is The Smartest Thing You Can Do For Yourself And Your Family.
In my opinion, the earlier you can do this the better as none of us are promised tomorrow. The reality is that there is not much your family can do and only a short time to do things in if there is a mistake in the will or if you leave them without a will.
Estate planning is not just death planning. It is more than creating an appropriate air-tight will/Testament. It is equally about protecting your estate from taxes, as well as protecting you and your spouse from poor elder care. Propper Estate Planning will help you maintain your independence for as long as possible.
Planning for Everyone You Love and Everything You Have
Do you know what would happen legally—to you, your loved ones, your money—if something unexpected happened to you?
Even if you don’t have an estate plan, the state of Texas has a plan for you.
Do you know what the people you love would have to deal with if something unexpected happened to you? If you don’t know, then the first step is to find out exactly what would happen, legally and financially, so that you can decide if the current state of your affairs is okay with you.
To do this, we conduct a Family Wealth Planning Session, where we spend time together and you’ll get informed. Before your Family Wealth Planning Session, you will complete a Family Wealth Inventory and Assessment, which will help you to get clear about what you own and what you have to think about when it comes to planning for the well-being and care of your loved ones and loved belongings. If you decide the current state of affairs is unacceptable, and if we both decide that it’s a fit to work together, then we can design an estate plan together that will best suit the needs of your family.
The foundation of your estate plan will often include a revocable living trust is that; you transfer your property into this trust for your benefit during your life. One of the benefits of a revocable living trust is that when done correctly and maintained over time, your estate plan should help your family to avoid the cost and delay of probate and minimize or eliminate estate taxes.
For people with additional needs, we provide advanced estate planning services.
Unfortunately, most plans don’t work because much of what passes for estate planning is little more than word processing. You are asked a few questions and then the drafter decides which “plan” is right for you, and fits you into a template. This is not estate planning; it is little more than a “search and replace” of your family’s name and then a hit of the “print” button which spits out form documents.
As a Texas estate lawyer, I routinely help families write wills, create business succession plans, create medical management plans and other important details of an estate plan. I know the value of creating a good plan because I’ve done the same for my family. When you sit down with us, we will educate you, take the time to get to know you, your family, your concerns, your goals and your issues and will gladly and patiently answer all your questions to produce an estate plan that is exactly right for you. We help you plan because we know you love your family and you want them to be taken care of if you are incapacitated of have moved on to the next plane of existence. It is a horrible thing to burden our families with taxes or debt if something happens to us. Leaving them in charge of our medical care without guidance or even worse the guilt of final medical decisions is something that can easily be avoided. Every family should have at least a legal will on file, so call us today to get started.
If you are a family with young children, then your estate plan should begin with a foundation that ensures your children would always be taken care of, no matter what happens. At GP Schoemakers, PLLC one of our areas of greatest expertise is protecting minor children.
Have You Ever Wondered What Would Happen to Your Kids if the Unthinkable Happened to You?
Did you know that 69% of parents have not yet named guardians for their kids?
Of those who have, most have made one of 6 common mistakes most parents (and their lawyers!) make when naming guardians.
Don’t let this happen to your family!
Get the inside scoop on child protection planning.
Without proper planning, if the unthinkable happens to you, here’s what could happen:
- Your children could be placed into Child Protective Services(CPS) even if you have a will in place; even if you have a living trust.
- A Judge who doesn’t know you, or your family, will decide who will raise your kids, even if it’s the last person you would ever want;
- Approximately 5% of the total value of your assets could be lost due to probate, a court process that can tie up your assets for months or years and deprive your kids of the resources they need to live comfortably;
- When your kids turn 18, they get a check for whatever assets are left;
- There are unscrupulous people who make it their business to review public records to find out what 18 year olds are coming into money;
- The vast majority of estate planning attorneys do not address these issues, and do not plan from a parents perspective.
If you are a family with young children, then your estate plan should begin with a foundation that ensures your children would always be taken care of no matter what happens. At GP Schoemakers, PLLC , one of our areas of expertise is protecting minor children.
We have developed our practice to ensure these things don’t happen! That’s why we offer a Kids Protection Plan with every estate plan we do for families with young children.
Learn more about the estate planning services we offer at the following information pages: