Estate planning allows you to provide for and protect your loved ones if you become incapacitated and after your death. Karen Schroeder, Attorney at Law, can work with you to create a plan for the distribution and/or protection of your assets. Karen can provide clear direction and options to assist you so that you can create and implement a plan that simplifies the process for your loved ones and avoid disputes that can divide your family.
No matter the size of your estate, it is in your and your loved ones’ best interest to prepare and implement an estate plan. Estate planning begins with an analysis of your personal and family goals. Sit down with us and we will review your goals and assets in detail. We will then generate a plan according to your priorities and desires.
Your estate plan will likely include Karen's Estate Planning Package, that includes: a will, a financial power of attorney, a medical power of attorney, a medical directive and a general HIPAA release. If you own real property and mineral rights within Texas, survivorship deeds will likely be recommended.
If you own real property and/or mineral rights outside of Texas, a revocable trust will likely be an option to consider to avoid expensive probate. If you have a blended family, a trust might be useful to safeguard assets being distributed fairly and as agreed before your death between your biological children and your new spouse. If you have a higher net worth than your spouse, a trust solidifies your future plan of distribution of assets. If you have minor children, a trust could assist you in naming a trustee over your children's money other than their other parent, who would be the court's automatic choice. Moreover, you may require a trust to guard your assets from "public disclosure," high estate taxes and/or government entanglements. Or, perhaps you will desire a trust as a means of preventing your inheritance from being quickly depleted by certain family members or causing a special needs child or family member from losing their government benefits. Lastly, some people want a trust to simply avoid probate. We can handle these responsibilities so you can live without worry, knowing that your interests are served.
The perfect estate plan will do more than protect the integrity of your assets in the years to come. It will also help in the management of your personal health care and financial requirements in a way that you prefer should you lose the ability to consciously manage them for yourself. In the end, you can trust Karen to build a properly constructed estate plan that is personalized to your unique desires and needs. Additionally, our team will be at your call to answer questions and make any needed updates to accommodate changes in circumstances. Please call (817) 842-0220 to schedule an appointment.