Planning your estate is one of the best steps you can take for yourself and your family. When talking about estate planning, people often focus exclusively on assets and tax obligations. While those are undoubtedly important components of an estate plan, your estate plan is also about giving you and your family peace of mind. A skilled estate planning attorney can help you protect your assets and protect your family from undue burdens.
ESTATE PLANNING — UPPER GULF COAST AREA
Knowledgeable Estate Planning Attorney Helping Baytown and the Greater Houston Area Prepare for the Future
Wills and Trusts
In the event of your death without a will, the process of distributing your assets to your loved ones is governed by state statute and can become quite complicated, even to the point of your loved ones not receiving the assets you intend for them to have.
An up-to-date will is the key to any estate plan. Your will establishes how you want your assets to be distributed and your wishes for any trusts you maintain. In some cases, a trust may be a useful tool for your estate to minimize probate and tax exposure as well as provide creditor protection for your heirs. At the Law Office of Vaughn W. Davidson, PLLC, we can help you establish or update a will or trust covering every aspect of your estate.
Powers of Attorney
In case you are ever rendered unable to communicate or deemed incapable of making medical, legal, or financial decisions, it is important to provide for continuity ahead of time. A durable power of attorney designates a person you trust to make financial or legal decisions on your behalf. Similarly, your medical power of attorney will also allow you to designate a person you trust to make medical decisions and designate your wishes for care in the event you become incapacitated. Setting up these powers of attorney will give you and your family confidence that your wishes will be carried out regardless of what happens.
Comprehensive Estate Planning Services
No one can say what the future holds, but anyone can plan for it. While many people hesitate to plan their estates, an experienced estate planning attorney can help you understand your options and develop an estate plan that works for you. Vaughn W. Davidson has been helping Baytown, Greater Houston and Southeastern Texas clients develop estate plans since 1994. He’s dedicated to building a personal relationship to help you achieve your long-term goals for your assets, for your family, and for yourself.