Estate planning is the formal process of arranging for the management and distribution of your assets during potential incapacity, and after your death, ensuring your wishes are honored and minimizing taxes and legal complications.

An estate plan protects your assets, ensures your wishes are carried out, provides for your loved ones, can help avoid probate, which may be time-consuming and costly, and provides you with peace of mind. Estate planning is one of the most loving gifts you can give to your family and loved ones.

Common documents include a will, trust, financial and medical power of attorney, healthcare directive, beneficiary designations, and long term guardian nominations for minor children. At Billington Law, all clients with minor children also receive a complimentary Kids Protection Plan, free of charge.

Common documents include a will, trust, financial and medical power of attorney, healthcare directive, beneficiary designations, and long term guardian nominations for minor children. At Billington Law, all clients with minor children also receive a complimentary Kids Protection Plan, free of charge.

You can avoid probate by establishing a living trust, designating beneficiaries on accounts, and owning property jointly with rights of survivorship. In Texas, you can file a Transfer on Death Deed or a Ladybird Deed for real property to keep real property out of probate and out of the hands of Medicad.

If you die without a will (intestate), state laws will determine how your assets are distributed, which may not align with your wishes.

Yes, you can modify your estate plan anytime, especially after significant life events such as marriage, divorce, or the birth of a child.

It’s advisable to review your estate plan every few years or after major life changes to ensure it still reflects your wishes. At Billington Law, we offer a free review of your plan every three (3) years.

Estate planning can help minimize estate taxes and gift taxes. Strategies may include setting up trusts or making tax-exempt gifts.

Certain estate planning tools, like trusts, can offer protection from creditors, but the effectiveness varies by state and individual circumstances.

A Durable Power of Attorney allows you to designate someone to make financial decisions on your behalf if you become incapacitated.

A healthcare directive or living will allows you to outline your medical treatment preferences in case you are unable to communicate them.

Yes, you can establish a pet trust to ensure your pets are cared for according to your wishes after your death.

Common mistakes include not having a plan at all, failing to update the plan, not considering tax implications, and not communicating your wishes to family.

Begin by assessing your assets, defining your goals, and consulting with an estate planning attorney to create a tailored plan that meets your needs.

Reach out to us now to schedule a complimentary 15-minute consultation!