Estate Planning Lawyers in Bryan, Texas
Giving You the Peace of Mind You Need
At The Payne Law Group, our Bryan, Texas estate planning attorneys can assist you in creating a plan to take care of you and your loved ones in case of your incapacity or your death. Estate planning simply allows you to make sure your assets—such as your home, checking/saving/brokerage accounts, investments, business interests, mineral interests, and real estate—are transferred at your death to the beneficiaries you choose, including family, friends, pets, alma mater and charities; otherwise, Texas state laws will dictate what happens to your assets.
Additionally, you will be able to designate the person or persons you want to take care of your minor children, your estate, or even you if you become incapacitated. Without putting your own plan in place, Texas law may not transfer your assets to the beneficiaries you prefer, and can significantly increase the time and cost related to transferring your property upon your death. Do not let Texas law determine who will take care of you and your family in case of your incapacity or death—you need to make this decision now so the government doesn’t make it for you. In order to make sure your wishes and goals are met and that your plans comply with Texas law, let our attorneys assist you with your estate planning.
No matter the size of your estate, these are your assets and you should be the one that determines what happens to them, so have our estate planning attorneys in Bryan, TX assist you with creation of a will, statutory durable powers of attorney, medical powers of attorney, and other documents that are essential if you become incapacitated or die.
What Is Estate Planning?
Estate planning refers to the creation of a written plan to manage your wealth and assets if you become incapacitated, as well as how those assets will be distributed after your death. An “estate” refers to all assets of any value that you own, such as real estate, business interests, personal property like cars, jewelry, and household items, investments and insurance proceeds.
Having an estate plan gives you the opportunity to decide who will receive your estate and when they can receive it, such as at specific times or ages. By having a clear plan, you can have peace of mind knowing that the government isn’t controlling your personal family matters but that you are controlling your own destiny.
What is the difference between will and estate planning?
The primary difference between will planning and estate planning is the scope of the plan. Wills primarily address the distribution of assets and property following your death. Estate plans are more intensive and often include instructions for things like a living will and other additional documents.
Helping You Navigate Guardianship
In a guardianship, a person you designate is assigned responsibility for the care, custody, and control of you if you become incapacitated. Additionally, a person you designate is assigned responsibility for the care, custody and control of your minor children if you become incapacitated or die. A guardian of the person provides for the safety and protection of the individual, while a guardian of the estate manages the money, investments, and other assets. Our team can help you designate a guardian for your children or dependents, and for yourself, in case it is needed, and guide you through the process, which can be time-consuming and complex.