Dallas Estate Planning Attorneys
Personalized Legal Guidance for All Estate Planning Needs
Creating a sound estate plan is incredibly important; it is the only thing that will protect your wishes and the future of your family when you pass away. An estate plan can also protect both you and your loved ones from unnecessary hardships in the event that you are incapacitated or unable to make decisions about your own finances, health, and future.
Estate planning involves several different legal affairs—but that does not mean it has to be an overwhelming task. The Dallas estate planning attorneys at Garza Law Firm offer efficient, effective, and client-focused legal counsel for those wishing to plan for the future of their estate.
Last Will & Testament
Everyone should have a last will and testament, whether they are single or married. Most married couples have reciprocal wills. That is, they each have an identical will that leaves everything to each other and then equally to their kids. A will must also name an executor. An alternate executor can also be named in case the first choice is not available. If you have minor children, you can also create a trust in which their inheritance can be held until they are at least 18 years old. You will also need to designate a trusted adult to act as a trustee.
Medical Powers of Attorney
In Texas, the law states that in the absence of a medical power of attorney, the spouse is the one to make medical treatment decisions when the other spouse is incapacitated. However, spouses may want to formally name each other anyway to prevent any confusion or potential problems with in-laws or other relatives. Spouses can also name an alternate adult to make medical decisions in case both spouses become incapacitated at the same time. Single adults should have this document as well so their physicians will know who has the authority to make medical decisions when they can no longer make their own decisions.
Durable Powers of Attorney
This power of attorney (POA) allows another adult to conduct all non-medical business, such as handling accounts, transferring property, etc. that you would otherwise do for yourself. This POA can be general and include rights to conduct all business or the POA can allow rights to carry out just one specific transaction, such as handling the sale of a specific house. You can name an alternate here just like with the medical POA. This POA can go into effect immediately or only upon disability.
Directive to Physician (Living Will)
This document expresses your wishes to your physician as to whether to continue life support in the event of permanent or terminal medical incapacity. This is a special medical power of attorney that allows you to make the end-of-life decision so that your surviving spouse, adult kids, or other relatives do not have to.
Contact Garza Law Firm Today
If you need legal counsel or assistance with any aspect of estate planning, reach out to our legal team today. Our Dallas estate planning lawyers can help you with creating objectives and goals, drafting documents, obtaining notarization, and other related issues.
We offer complimentary one-hour consultations, either in person or remotely by phone, email, or Skype. Call (214) 225-4344 today.