Experienced Plano Estate Planning Lawyer Helps Secure Your Future
Knowledgeable Texas attorney crafts personalized asset transfer plans
At the Law Offices of Kevan I. Benkowitz in Plano, we are dedicated to helping our neighbors protect their assets, secure their retirements and pass on as much wealth as possible to their loved ones. When you choose our firm for your estate planning needs, you can expect personalized guidance, genuine concern and meticulous care during every step of the process. Our attorney’s recommendations for your estate draw on more than 15 years of experience assisting individuals and families throughout the Dallas-Fort Worth area, working with clients from the spectrum of wealth brackets.
Respected attorney devises comprehensive estate plans for Texas residents
Texans can reap numerous benefits by creating an effective estate plan. A well-executed program should save your loved ones from uncertainty and conflict, and possibly from federal estate and gift taxes. A thoughtfully prepared, comprehensive estate plan gives you the ability to maintain control over how hard-earned assets are distributed, rather than leaving those decisions to a court.
To determine the estate strategy that is right for you, we will listen closely to your intentions and complete a review of your total holdings. The strategies best suited for passing down fixed assets, such as property and equipment, differ from those best suited to liquid assets, such as cash in checking accounts. The plan we propose for you will be based on the proportion of your assets that can be easily transferred or liquidated versus those that warrant a lengthier transfer process.
Dedicated DFW law firm advises clients on wills, trusts and probate issues
We work to help community members provide clear instructions for safeguarding and transferring their property. Our firm creates documents and oversees the legal steps necessary for:
- Wills — A will might seem relatively simple to draft, but knowledgeable guidance can help you avoid common pitfalls and comply with the state’s requirements for testamentary documents. By taking the time to learn the details of your holdings and estate planning goals, we will develop a testamentary document that distributes property according to your wishes.
- Trusts — While people with a large enough estate to trigger federal estate taxes use trusts to lower their tax burden, anyone can create a trust to place conditions on the assets they leave or help beneficiaries avoid probate. If you wish to provide a funding mechanism for a loved one with special needs, a trust allows you to provide income to a beneficiary through payments overseen by a trustee.
- Power of attorney documents — If you are concerned about who will handle key matters if you are incapacitated, power of attorney documents give someone else certain rights to make decisions about your medical care, personal finances or business concerns. Our firm can draw up power of attorney documents to meet your specific needs and desires, and can help you identify a trusted friend, loved one or professional to serve as your designated agent.
- Living wills — A living will is a type of advance medical directive that details the type of medical care you would like to receive if your condition requires extraordinary measures to prolong your life. This ensures that your loved ones won’t have to be forced into heartbreaking conditions if your condition is terminal and you cannot express your wishes.
- Guardianship — If you are the parent or guardian of minor children, you may wish to include with your will instructions about the person(s) you would trust to raise your children if you pass unexpectedly. When no guardian is named in a will, the court must rely on other information when determining what guardianship decision is in the best interest of the child.
- Probate — Probate is the process of legitimizing a will so that the deceased’s debts are paid to creditors and assets are distributed to beneficiaries. If a will is contested or the estate’s finances are complicated, it is wise for the executor to seek legal guidance so that the testator’s directions are honored.
Whether your estate is modest or sizeable, we are prepared to design a plan that fits your needs and considers your goals for the future. Each of our clients can count on our personalized care and dedicated attention.
Contact an attentive Plano estate planning attorney for your free initial consultation
The Law Offices of Kevan I. Benkowitz in Plano helps a diverse group of Texas clients establish effective, personalized estate plans. To schedule your free initial consultation, call 972-464-2645 or contact us online.