Protect What’s Important To You Through Estate Planning
A big part of planning for the future involves protecting the life you’ve built. An estate plan goes beyond just managing your assets and establishing your wishes for property distribution. It also protects your future self and your loved ones.
At Barnhill Law Firm, we believe in the importance of estate planning as an empowering way to set out your wishes and safeguard your future. Based in Gatesville and serving all of Central Texas, our estate planning attorneys stand ready to help you craft a tailored estate plan with care and precision.
Core Elements Of An Estate Plan
A well-thought-out estate plan is a powerful tool that ensures your wishes are honored and your family is cared for. The core elements of comprehensive estate plans include:
- Will: This foundational document allows you to distribute assets and designate guardians for minor children. Our wills lawyers can help you craft a personalized document.
- Trusts: These tools can be used for a variety of purposes, including to avoid probate, minimize taxes and protect assets. Our probate attorneys can advise you on why it may be advantageous to use a trust to shield your assets from the probate process.
- Powers of attorney: These documents authorize someone to make legal decisions on your behalf if you are unable. Medical powers of attorney grant someone decision-making authority over health care decisions if you become incapacitated.
- Advance directive: This document outlines your wishes for medical care if you cannot express them yourself.
- Beneficiary designations: It’s critical to make sure that assets such as retirement accounts have strategic beneficiary designations, which will allow for a smooth and seamless transfer.
- Real estate titling: You can leverage different types of real property titles to accomplish property transfers outside of probate while designating certain property rights.
We can help you with all aspects of putting a solid estate plan into place.
Business Succession Planning
For small business and family-run business owners, planning for the future of your organization is crucial. Business succession planning promotes a smooth transition in business leadership and continued success, even when you’re no longer at the helm. It can protect your life’s work and those who depend on it.
Our Personalized Approach
At Barnhill Law Firm, we don’t just prepare documents; we prepare futures. Our estate planning attorneys will sit down with you to understand your life, your vision, your objectives and your concerns. We will consider every aspect of your relationships, finances, assets and liabilities to create an estate plan that aligns perfectly with your present and long-term goals. We can also help you revise an existing estate plan to bring it up to date with your current goals, wishes and situation.
Our estate planning attorneys find it tremendously rewarding to help people find peace of mind by ensuring that all their affairs are in order. Contact us today at 254-379-9224 to start crafting a comprehensive estate plan tailored just for you.