For many, estate planning can be an uncomfortable topic requiring individuals to consider their mortality. While facing the fleeting nature of life can be difficult, estate planning can bring financial and emotional peace to an otherwise daunting topic. Consulting with experienced Texas trusts and estate lawyers can streamline this process and help individuals maintain autonomy over their decisions.
A person’s estate can include their:
- Real estate
- Securities and stocks
- Personal property
- Business interests
- Cash
- Jewelry
- Retirement plans
- Life insurance benefits
Although some people believe that estate planning is for the wealthy, in reality, almost everyone needs an estate plan. Estate plans are essential for those who:
- Want to distribute their estate according to their wishes;
- Have assets that may make their beneficiaries responsible for high estate taxes;
- Want to plan their distributions; or
- Have heirs that may require financial assistance.