Estate Planning Is Planning For The Future

Whether you're planning the parameters of your future medical care or establishing support for loved ones upon your death, The Gonzalez Law Group, PLLC, can help with all aspects of estate planning and with the probate process.

There is no way to predict the future, but there are many ways to prepare for it. It is never too early to start planning for the future and security for yourself and your loved ones. A key step is setting up an estate plan. So, what is an estate plan?

First, a thorough estate plan involves planning for your financial future. You should talk to a financial adviser about your current financial and retirement situation and set a course for financial growth. Your financial adviser can discuss retirement plans, investment options and insurance to maximize your financial future. With this advice in hand and a course of action charted, you can confidently prepare for your future as well as the future of your children and heirs.

Second, an estate plan consists of a set of written documents whereby you set forth your wishes regarding your assets should you be unable to handle your financial affairs and for the distribution of your assets upon your death. You and your lawyer should discuss who will make financial decisions if you become incapacitated, who will make health care decisions for you if you cannot communicate those desires yourself, who will care for your minor children if you die and, finally, who will inherit your assets. Proper planning will give you peace of mind and ease the burden on your family. It can also save your family time and money and, in many cases, avoid lengthy court proceedings. Estate planning is not just for people with significant assets. It is for everyone who wants to plan for their financial and personal security and who seek peace of mind for themselves and their family. Look to our firm to discuss how wills, trusts and powers of attorney can help.

What Is Probate?

In many states, people hear horror stories about the probate process. It might take an excruciatingly long time and grieving loved ones might be mired in disputes. In Texas, however, for those who have drafted a valid will, the probate process can be navigated quickly and efficiently.

There are essentially three pieces to a probate practice:

  • Estate administration: This is the settlement of the estate. Through an executor, debts are paid, heirs are located and other matters such as filing a final tax return are resolved.
  • Will contests: It is not uncommon for surviving loved ones to dispute a will. Disputes can be based on various grounds such as lack of capacity, duress, fraud or forgery.
  • Guardianship: For people with mental or physical limitations, it might be necessary to grant another person or entity limited authority to guide and care for them.

At The Gonzalez Law Group, PLLC, we can help you formulate your plan and put it into action to give you peace of mind and security for you and your loved ones. Schedule a consultation at our Houston, Texas, office by calling or emailing the firm. Se habla español.