How Can an Attorney Assist With Complex Estate Planning Needs in Texas?

When you need to do estate planning in Texas, you want a qualified attorney. An estate planning attorney in El Paso, TX can help you even with a very complex planning needs.

How Can an Estate Planning Attorney in El Paso, TX Help With Complex Issues?

Personalized Help

If you’ve looked around online, you’ve probably noticed a number of websites offering free or extremely low cost will-planning services or forms. While it is technically possible to use these, even with the simplest of estates there’s still a lot of room for error. For more complex issues, they are entirely unsuitable.

Even if you were to use them for a simple issue, they would not be in the least personalized; and estate planning is not a one-size-fits-all process. Your family, your assets, and your goals for the future: these are all unique to you, and an estate planning attorney takes all these things into account to create a plan that meets all of your needs and ensures that your wishes are met exactly.

Beyond the Will

Obviously, creating a will is one of the primary duties of an estate planning attorney. This is a foundational document that outlines how your assets will be distributed after your death. Even at this basic level, however, an attorney will make sure that the will is legally sound, clear and not liable to misinterpretation, and perfectly reflects your intentions and goals. An experienced attorney will also make sure you fully understand all the implications of every decision you make as you draft your final will and testament.

However, there’s a lot more beyond the will. An attorney can also help you to set up various trusts, for example. Trusts provide you with a lot more control over how and when your assets are distributed. They also offer excellent tax benefits and can protect your assets from creditors. There are several types of trusts, so you will want the help of an attorney to choose the right one based on your needs.

Advanced Needs

If you have a significant amount of wealth or a particularly complex situation of assets, you may need more advanced planning techniques, such as family limited partnerships or charitable trusts. The purpose of these strategies is to reduce estate taxes for your beneficiaries, protect your assets from future claims against them, and make sure that if you have any particular philanthropic goals that they are met.

Thankfully, here in Texas, there is no estate tax. However, you may still be subject to federal estate, tax, depending on your situation, and your assets. An attorney can help you make sure that you are not overly burdened by taxes that could diminish your estate for your beneficiaries. Any mistake here could jeopardize everything you’ve worked for all your life, making an attorney’s expertise especially important.

If you have complicated estate planning needs, don’t risk your goals or the future of your family. Contact us at Townsend Allala Coulter & Kludt anywhere in the El Paso area as well as Midland, Odessa, and Santa Teresa and Las Cruces, New Mexico.

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