12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

Overview of Estate Planning in Zip Code 78673

Overview of Estate Planning in Zip Code 78673


Death is not a tragedy to the one who dies; to have wasted the life before that death, that is the tragedy.
 
- Orson Scott Card


Estate planning is the process of getting your affairs in order so that if you pass away unexpectedly, things will be much easier for your loved ones.

Estate Planning doesn't have to be hard or expensive or intimidating. Just a few simple steps: Catalog what you own, make a will and create a few legal documents (with the help of 12Law.com) and review the beneficiaries on your retirement accounts. For most Americans, there's no need to worry about estate taxes or fancy trusts.

Do it for your family. You will feel so much better knowing that you've taken care of them.

• Write a will. State in this document the properties you want your beneficiaries to inherit. You can also indicate the guardian for your young children if something happens to you and your partner.

• Select a guardian for your children. Children who will inherit any money or property from you should be designated with an adult guardian to oversee their affairs.

• Update beneficiaries on retirement accounts. You can transfer to your beneficiaries your stocks, bonds and brokerage accounts if you were able to register them. If you have a bank account and retirement plans, naming a beneficiary to these documents can automatically make these accounts "payable on death". This can avoid the probate process.

• Sign up for life insurance. It would be a good investment to get a life insurance if you owe significant amount of estate tax or debts, have young children, and own a house.

• Determine of you will owe estate taxes. Estates taxes will be impose by the government upon your death if your taxable estate is more than the inclusive limits set by law.


• Determine if a Living Trust is right for you. Property placed in the living trust can be distributed to their designated beneficiaries without undergoing probate which can be expensive and time consuming.

• Define your health care directives . You also need to plan out for your medical care by doing a medical declaration or Living Will that can indicate the treatments you want or do not want and Power of Attorney for health care that can assign a trusted person who will make medical decisions for you if you are unable to make it yourself.

• Create a financial power of attorney . If you become incapacitated, handling your affairs can be a problem but not if you have a durable power of attorney for finances. A trusted person you have chosen yourself will be handling your finances and property if that time comes. This trusted person is called an agent or attorney-in-fact.


• Provide for funeral expenses. Payable-on-death bank account can be more reliable and easier to set-up as compared a funeral prepayment plan. This will cover your funeral and other related expenses.

• Make the final arrangements. This document will indicate your wishes for organ and body donations and also the disposition of your body through burial or cremation.

• Define the Succession Plan for your business. Make plans if you own a business by having a successor. If you have a partner in business, have a buyout agreement.

• File all estate planning documents. The person you choose in your will to administer your properties should be given access to your important documents like:

1. will

2. trusts

3. information on bank accounts, mutual funds, and safe deposit boxes

4. information on retirement plans, 401(k) accounts, or IRAs

5. insurance policies

6. real estate deeds

7. certificates for stocks, bonds, annuities

8. Information on debts: credit cards, mortgages and loans, utilities, and unpaid taxes

9. Information on funeral prepayment plans, and any final arrangements instructions you have made.

 
Personalize & Print a Free TX Last Will Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
 
Personalize & Print a Free TX Living Trust Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
Page 14
Page 15
Page 16
Related Legal Services near Zip Code 78673
Hughes J Michael
502 Highway 3N, Suite C
League City, TX 77573
(281) 724-9752
Attorneys,  Criminal Law Attorneys,  Wills, Trusts & Estate Planning Attorneys,  Personal Injury La
Bartley Law Firm
238 S Egret Bay Blvd # 188
League City, TX 77573
(832) 646-9504
General Practice Attorneys, Attorneys, Juvenile Law Attorneys
Ewing Law Firm
610 W Main St # 101
League City, TX 77573
(409) 949-9357
Insurance Attorneys,  Attorneys,  Accident & Property Damage Attorneys,  Personal Injury Law Attorne
Kieschnick Jonathan
3027 Marina Bay Dr # 204
League City, TX 77573
(281) 538-9200
Attorneys
Neal Anderson
22557 Aldine Westfield Rd
Spring, TX 77373
(281) 353-9146
Attorneys,  Family Law Attorneys,  General Practice Attorneys,  Bankruptcy Services,  Divorce Assist
Wilkerson Elise Attorney
818 Highway 3 S
League City, TX 77573
(281) 557-9100
General Practice Attorneys, Attorneys
Hughes D Bryan
701 N Pacific St
Mineola, TX 75773
(903) 569-8880
Attorneys, General Practice Attorneys, Legal Service Plans
Krist Law Firm PC
2600 S Shore Blvd # 120
League City, TX 77573
(281) 283-8500
Insurance Attorneys,  Personal Injury Law Attorneys,  Accident & Property Damage Attorneys,  Attorne
Valdés Law Firm, Fernando F. Valdés
2600 South Shore Blvd., Suite 300
League City, TX 77573
(713) 370-8154
Business Litigation Attorneys,  Civil Litigation & Trial Law Attorneys,  Personal Injury Law Attorne
Lacey Douglas A
283 Lockhaven Drive, Suite 300
Houston, TX 77073
(713) 868-7917
Attorneys
Apffel EA Trey
1406 W Main St Ste C
League City, TX 77573
(281) 332-7800
Accident & Property Damage Attorneys,  General Practice Attorneys,  Family Law Attorneys,  Attorneys
Dan Krieger
215 E Galveston St
League City, TX 77573
(281) 332-7630
Divorce Attorneys, Attorneys, Criminal Law Attorneys, Family Law Attorneys, DUI & DWI Attorneys
Maxwell Parker
3027 Marina Bay Dr # 303
League City, TX 77573
(281) 334-7593
Attorneys
Ciofalo Jason
2600 S Shore Blvd # 300
League City, TX 77573
(813) 785-7306
Attorneys,  Accident & Property Damage Attorneys,  Personal Injury Law Attorneys,  Legal Service Pla
Cundiff Paula
909 W Main St
League City, TX 77573
(281) 332-7290
Family Law Attorneys, Attorneys
Total Attorneys - DUI
PO Box 274168
Schwertner, TX 76573
(254) 233-7089
Attorneys, Legal Service Plans
Total Attorneys - Divorce
PO Box 273962
Schwertner, TX 76573
(254) 693-7062
Divorce Attorneys,  Attorneys,  Family Law Attorneys,  Legal Service Plans
Ortiz-Taing Law Firm, P.C.
2203 St Christopher Ave
League City, TX 77573
(281) 486-7002
Divorce Attorneys, Attorneys, Divorce Assistance, Family Law Attorneys, Legal Clinics, Legal Service
Power William
705 N Pacific St # 2
Mineola, TX 75773
(903) 569-6774
Attorneys, General Practice Attorneys
Conner & Lindamood, P.C.
2600 S Shore Blvd Ste 300
League City, TX 77573
(281) 486-6116
Divorce Attorneys, Family Law Attorneys, Attorneys
Hebron Law Firm P
112 Wigley St
Mineola, TX 75773
(903) 569-5829
General Practice Attorneys,  Attorneys,  Legal Service Plans,  Bankruptcy Law Attorneys
Hebron Lucy M
112 Wigley St
Mineola, TX 75773
(903) 569-5829
Bankruptcy Law Attorneys, Attorneys, Legal Service Plans
Farley Barney C III & Christi
410 E White Ave
Port Aransas, TX 78373
(361) 749-5801
General Practice Attorneys
Munson Munson Cardwell & Tillett PC
104 E Main St
Whitesboro, TX 76273
(903) 564-5655
General Practice Attorneys, Attorneys, Legal Service Plans
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US