Estate Planning Help From Crain & Wooley in Dallas-Fort Worth
We Are Committed to Protecting Your Legacy
Crain & Wooley can help you prepare both for life’s eventualities and for the unexpected with an effective estate plan that protects your hard-earned assets and property. With our legal guidance and assistance, you and your loved ones can feel secure in the future knowing your important affairs will be properly handled when you pass away or if you become incapacitated. We understand how important it is to proactively plan for the future, so reach out today so we can discuss our customized estate planning services.
What Is Estate Planning?
Estate planning is a strategic process that guarantees the distribution of your assets in accordance with your objectives, reduces your tax obligations, and safeguards your healthcare choices in the event of incapacity. Our law firm offers thorough estate planning services in Texas that are customized to each client's particular requirements. This includes creating powers of attorney and advance healthcare directives, as well as creating trusts and wills. In addition to providing for your loved ones and preventing future legal issues, proper estate planning safeguards your legacy. You can feel at ease knowing that your affairs are in order if you plan beforehand.
What Is The Purpose Of Making an Estate Plan?
Having an estate plan ensures that your property is safeguarded and that your desires are carried out, among other important benefits. It primarily enables the thoughtful allocation of your assets, reducing the likelihood of tax obligations and legal conflicts. Healthcare directives are a part of an estate plan, which guarantees that your choices will be followed in the event of incapacitation. It also assigns reliable people to handle your affairs, giving you confidence that your legacy is safe. In order to protect your assets and make sure your family is taken care of in accordance with your intentions, our Texas estate planning law firm creates plans specifically tailored to your needs.
What Are The 5 Components Of Estate Planning?
Estate planning involves five essential components to address your needs comprehensively:
- Wills: Direct how your assets are distributed after your passing, ensuring your wishes are honored.
- Trusts: Offer tax benefits and simplify the transfer of assets by avoiding probate.
- Powers of Attorney: Grant trusted individuals the authority to make financial decisions on your behalf.
- Healthcare Directives: Outline your medical treatment preferences if you become incapacitated or are unable to communicate.
- Beneficiary Designations: Ensure assets like retirement funds and life insurance go directly to chosen heirs.
Our Texas firm is ready to help create an estate plan that follows your needs to secure your legacy and provide peace of mind.
Estate Planning Options
In broad terms, there are two types of estate planning tools used today – Trusts and Last Wills & Testaments. There are common misconceptions about each. Find out which best suits your situation by scheduling a free consultation today.
What We Can Do For You
Estate Planning Services
Our goal is to provide the best plan that's tailored to you and your family's needs. This can only be done when we get a full understanding of your situation. Get in touch with us today to get a free consultation to explore your options.
Last Will & Testament
A valid willprovides your loved ones and the probate court-specific instructions for distributing your assets when you pass away. Your will doesn’t become a legally binding document until you pass away. It is important to note that just because you have a will doesn’t mean your estate avoids probate. People often wrongly assume that a will gives their family and friends immediate power to distribute assets. However, a will requires that your executor (the person you named to be in charge) complete the probate process.
Trust Attorney in Dallas-Fort Worth
There are multiple types of trusts, but three of the most common are:
Trusts are often thought to be beneficial only for the extremely wealthy who want to hide monies in offshore bank accounts. In reality, trusts are used by everyday people of all backgrounds and for many reasons.
A revocable living trust, the most common type of trust, is a highly flexible estate planning options. It allows for divorce protection of an inheritance, provides the option of setting up age appropriate distributions, offers the opportunity to create education funds and much, much more. It also directs the disposition of your estate after you pass away, allowing trust beneficiaries to receive assets without court interference – avoiding probate.
There are many benefits to using a trust as your estate planning tool. Learn how each type of trust can accomplish your goals by reading our easy-to-understand booklet.
Call our Texas law firm at 972-945-1610 or 682-356-4820 for help in Plano or Mansfield.
Call or Visit Crain & Wooley Today for Reliable Legal Advice
While any licensed attorney can write a will or trust for you, very few have dedicated themselves solely to the art and science of estate planning like the attorneys at Crain & Wooley. Not only is our firm’s founding partner, Justin T. Crain, one of the top 3 estate planning lawyers in Plano, but he also wrote the book Leaving a Legacy: What Every Texan Should Know About Estate Planning to educate everyday people and help them understand what to expect from the estate planning process.
Our top-notch lawyers practice solely in the area of estate planning and possess years of experience and legal insight that allows us to provide our clients best-in-class service that is supported by up-to-date, best practices. Contact our skilled Dallas-Fort Worth estate planning lawyers for guidance.
Related Reading:
- Estate Planning and Reverse Mortgages
- 4 Simple Steps to Estate Planning
- Top 3 Mistakes in DIY Estate Planning
- Busting 5 Myths About Estate Planning?
If you would like to speak to our estate planning team, please call (972) 945-1610 today to request a free consultation with one of our lawyers. We also have a convenient online scheduler you can use to select an appointment time that best suits you.
Satisfied Clients Tell Their Stories
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"Thank you and God Bless you"
Thank you for being my Living Trust and other Estate documents attorney. Due to our move and storage of business and personal documents, we had trouble locating & we took a lot longer to respond to your drafts, etc. You were very patient with me and my needing lots of explaining of legal terms and meanings. At my age, I was concerned about getting things done but wanting it all done right. You were very prompt in responding to my questions and I think by time of signing I felt confident we had things just the way we wanted to protect my heirs. Thank you and God Bless you.
- Donna V. -
"Very much appreciated"
I am very much appreciated your service If anyone like me needed your service I will introduce about you. Everything you did with in a week. Very much satisfied all your service.- Sarah P. -
"Smooth and easy"
Learning about trusts at the meal was easy and educational. The set down at the office was where the finer points of trusts was explained. That is where and when we decided to make it safe and easy for our heirs. Our final meeting where we signed everything and an explanation of each item was given went smooth and easy. All in all I would say the investment in the trust was worth it.
Thank you to Crain & Wooley office and staff- Anonymous -
"Professional and knowledgeable"
My husband and I recently had our living trust completed through the help of Crain and Wooley. Justin and his staffs are professional and knowledgeable. A special thanks to client education specialist Stephen. He is such a nice gentleman and always answers our questions clearly and right to the point, and always ready to help by answering your concerns promptly. We will certainly refer the law firm to our families and friends!
- Susan X. -
"Excellent, Highly recommend"
We went to seminar to just find out what we needed to do for a will, They gave us all the info we needed right then there. Offered a really good price if we signed up to get one that day. A few weeks later after our appointment we have a Living trust. They were helpful with all our questions and were very thorough with these explaining the whole process. They stuck with the price that we paid + let us call anytime if we had any questions. Excellent, Highly recommend this company.
- Linda B. -
"So good to finally have a plan"
After worrying about our lack of estate planning for years, it feels so good to finally have a plan in place. Thank you for making the process relativity painless and offering the educational support we needed.
- Leslie W. -
"5 Stars"
Me and my appreciate Mr. Crosby we think that he was very professional in doing his job and we give him 5 stars when it come to him doing his Job.- James A. -
"Overall experience was seamless"
We recently had the opportunity to attend a workshop hosted by Crain & Wooley regarding wills and estate planning. Based on the information provided we decided to proceed with our estate planning with Justin and his team. The overall experience was seamless and the process was clearly communicated. We had our homework and once that was completed, several iterations later we had our final walk-through and signed estate plan. We would recommend Justin to our family and friends.
- Earl B.