Do you know what would happen to your loved ones and assets if you passed away today?
We get it—considering what life would be like for your surviving family is a hard pill to swallow.
But with a well-crafted estate plan, you can put your worries to bed and sleep peacefully at night, knowing your loved ones are protected no matter what.
Reach out to a Sugar Land estate planning attorney at Stafford Law Firm today to build an estate plan that lasts.
Roughly 24 miles southwest of Houston, Sugar Land, TX, is home to over 109,000 Texans. With a homeownership rate of just over 80% and a typical household income of $123,261, the city has long been known as one of Houston’s most affluent suburbs.
Topping the charts with some of the most luxurious homes in the state, Sugar Land has a median property value of $337,600 (beating out the $200,400 for the rest of the state) and an average of around three persons per household.
What does all this mean for you? Well, it could mean that if you’re researching estate planning in Sugar Land, chances are you have assets and a family to look out for, and you can’t risk losing everything you’ve earned on a whim.
When your family’s future is on the line, don’t just hire anyone—hire Sugar Land estate planning attorneys who know what they’re doing.
Estate planning is an ongoing process that sets your family up for success when you’re no longer around. It’s as unique as you are and can include various tools.
Because of that, our team offers comprehensive estate planning services so you can hand-select the tools that make sense for your family.
Here are just a few ways we can help you.
Wills are a great starting point for your estate plans. In your will, you can designate guardians for minor children, select beneficiaries for your assets, and even dictate your wishes for burial arrangements.
Keep in mind, however, that wills do not provide asset protection, which means they’ll need to be used in conjunction with other estate planning tools to cover all the bases.
Trusts are fiduciary arrangements that allow a third party (trustee) to hold assets on behalf of a beneficiary. When you set up a trust, the trust becomes the owner of those assets and the trustee, the manager, until you pass away or become incapacitated.
Creating a trust allows you to protect those assets from probate and have more autonomy over how and when they’re distributed.
Part of estate planning is planning for the unexpected, like if you become badly injured or sick. In situations like these, your loved ones and doctors will need guidance on what healthcare treatments you want, what life-saving measures you would or wouldn’t prefer, and other decisions.
These aren’t decisions you want your family to have to second-guess about. And when you can’t speak for yourself, healthcare directives allow you to outline your wishes beforehand.
Power of attorney documents allows a third party (agent) to act on your behalf in your absence. If you were temporarily disabled, incapacitated, or taking an extended trip, these documents allow that third party to step in and make important legal, financial, or healthcare decisions for you.
Without these documents, the court could decide who should make these decisions and, depending on the circumstances, end up stripping you of your rights altogether.
Probate is the process of rounding up your final affairs in court. This includes collecting, managing, and distributing your estate. It can be costly and time-consuming, dragging your loved ones back and forth to court to determine what should happen with your estate.
With proper planning, it can be avoided. However, when necessary, surviving loved ones can count on an experienced probate attorney to walk them through the probate process.
Planning your estate is an emotional process. We never want to consider what life would be like without us around. But at Stafford Law Firm, our attorneys can help you plan your estate, protect your assets, and give you peace of mind for the unexpected.
Our other legal services include:
Are you ready to take the next step in planning your estate?
Contact a TX estate planning attorney at Stafford Law Firm to schedule a complimentary estate planning consultation.
We all have people or things we care about—a spouse, a child, a charity. People or passions that—if anything ever happened to us—we’d at least want to know they’re taken care of.
Why not take the next step, make it official, and ensure they’re taken care of no matter what? Start your estate plans today—call our Sugar Land estate planning attorneys at Stafford Law Firm or drop by our office at 9601 Katy Fwy Suite 470, Houston, TX 77024.
If you cannot make and convey your own decisions, an advance directive outlines the kind of medical and personal care you would choose. Your advance directive can indicate who will represent you in decision-making and communication and what to do if you go into a coma.
Trusts can help you:
Ask a trust administration attorney whether a trust makes sense for your estate plans.
Working with a qualified Sugar Land, Texas, attorney is the best way to keep your plans up to date. Major life changes like a new baby, buying a home, or getting married can mean you need to move some things around in your estate plan. Experienced estate planning lawyers can ensure your legal documents are kept up to date.
What’s great about estate planning is it’s tailored to your family and financial dynamic. Therefore the costs of estate planning will depend on the amount and type of assets you have and the kinds of tools and legal services that would be most beneficial to you. During your free consultation, you can ask your attorney about legal fees.
A buy-sell agreement is a legal document that sets up the sale of a business in the event of a specific event, typically the owner’s resignation, voluntary departure, death, or unexpected mental incapacity. The business owner’s and their family’s demands and preferences can be catered to by customizing a buy-sell agreement. Ask a Sugar Land business attorney for more information.