Estate planning is not simply a transaction. Rather, it is an interactive process that involves identifying your goals, values, and vision regarding you and your loved ones. Because these preparations are so personalized and include many moving parts, it is important to work alongside the right estate planning attorneys in creating the framework for your future.
If you are preparing for your end of life or incapacity, hire a Rosenberg trusts and estates lawyer to help you. An experienced estate planning advisor can be integral to the estate planning process, so you should choose someone you can trust to provide reliable guidance and insight. At Romano & Sumner, our legal team can work to give you peace of mind that you and your family will be cared for in any event.
Estate planning is laying out enforceable guidelines for what to do in the event of incapacitation or death. This process can give a Rosenberg resident the ability to:
There are many benefits to having a plan in place, both for the person in question and their entire family. When a person sets up an estate plan, they are essentially taking control of their future. With the help of a skilled trusts and estates attorney, Rosenberg residents can plan for their own future needs and the continued care of their loved ones after their passing.
When one is looking into legal preparations for their estate, it is essential to consider how state law may impact their plan. In Texas, probate is not required for estates valued less than $75,000, and there is no state estate tax. However, high-value estates are still subject to federal taxes.
Additionally, the state of Texas gives common-law spouses and adopted and illegitimate children the same inheritance rights as legally married and related family members. A knowledgeable attorney can further explain how the nuances of Texas trusts and estates law may impact a particular Rosenberg estate plan.
A proper estate plan ensures that you and your family will be taken care of. However, establishing this security may involve many legal considerations. A seasoned attorney can help draft wills, trusts, and advance directives, as well as simplify the process of asset allocation by minimizing tax burdens and probate fees.
The skilled legal team at Romano & Sumner is here to discuss your specific needs and help guide you through every step of the estate planning process. Get in touch with a Rosenberg trusts and estates lawyer today to learn how legal support could help take the stress out of end-of-life planning. Call our firm today to schedule your free consultation.
Romano & Sumner, PLLC