What is a Will?
A Will, also known as a Last Will and Testament, is the properly executed instructions from an individual as to how they wish their assets, liabilities, business holdings and family are to be taken care of following their death. It allows a person to ensure that their wishes regarding important financial and personal issues are followed.
What is probate?
Probate is the legal system used in Texas to establish the validity of a Will or Trust before the court. When no Will is left, a state court will determine how to distribute your assets. Our lawyers can assist with instruments to avoid or minimize probate.
How can I avoid probate costs?
You can set up a revocable trust and put all your assets into it. You name yourself as the trustee and a trusted family member as your secondary trustee. You can spend the money while you are alive because you are the trustee. When you die, your secondary trustee takes over and uses the trust fund to care for your family as you directed. None of the estate goes into probate because it was technically not your property; it was the trust’s property. For assistance in setting up an appropriate Trust, contact us at 712-221-9088.
When I am dying, I just want to be made comfortable. I do not want heroic measures taken to keep me alive. How do I accomplish that?
You can have prepared a Living Will or Advanced Health Care Directive where you spell out your desires for the doctors. Our estate planning lawyers can greatly assist you in this regard. Contact The Larson Law Office for a complimentary case evaluation.