Waxahachie Estate Planning

Find the right Wills & Trusts attorney in Waxahachie, TX

Most people in Waxahachie have preferences about what should be done with their property after they die. This is why the procedure of estate planning exists - it permits people to make a broad range of decisions related to this issue.

If you want to start the process of planning your estate, you've made a good choice, particularly if you care about what happens to your survivors after you're gone. You should be careful, however, and make sure you have the help of a legal and financial expert every step of the way. This will likely prove quite helpful in the long run, preventing a lot of problems in the future.

While planning your estate, there are a few prevalent issues that most people should consider. One big one is the decision relating to power of attorney, which is an arrangement where you give one person the power to make legally-binding decisions on your behalf. You can set up an agreement telling your representative precisely what power they have, what you want them to do, and when the power will vest (typically, if and when you become unable to make your own decisions).

A skilled estate planner in Waxahachie can make the procedure of planning your estate go much more smoothly, and maximize the chances of your wishes directly being carried out with legal force.

Common Features of Waxahachie Estates

Will: A will is often the central component of an estate plan. It is a legal document which says what is to be done with a person's assets after they die. It typically involves giving money and property to the testator's close family members, friends, and sometimes charitable organizations.

Living Will: A living will contains instructions about your medical care, usually for the purpose of informing your family and doctors of your preferences if you suddenly become incapacitated. A living will is quite critical if you have any strong preferences in this area. It should be written with the advice of a doctor, so you know the particular medical consequences of your decisions, and a lawyer, so it is virtually guaranteed to be legally binding.

Power of Attorney: Power of attorney, while important, is not to be used lightly. This is because it involves granting someone else the power to make legally-binding decisions on your behalf. Typically, your spouse will automatically have power of attorney if you become incapacitated. If you are not married, however, you need to make a document explicitly granting that authority to someone you trust (a life partner or close family member, for instance).

Funeral Arrangements: Some people, for religious and other reasons, have very particular wishes regarding the disposal of their remains after they die. Some want to be buried. Others, cremated. No matter what your preferences on this matter are, it's critical that you inform your family of them far in advance. These instructions should be included in a document that is likely to be read before your death (such as a living will), or very shortly thereafter. This excludes a will, because it's frequently weeks after a person dies until their will is read.

Do I Need a Waxahachie Estates Lawyer?

A reliable estates lawyer in Waxahachie can make the estate planning process much easier. He or she can maximize the chances of your wishes being given effect. Moreover, a good and clear estate plan is far less likely to result in litigation in the future, since disputes of this nature are almost always the result of ambiguity.

Talk to a Wills, Trusts & Estates Law Attorney now!

Life in Waxahachie

The city of Waxahachie, Texas isa suburb of the state capital of Dallas and houses a population of just under 22,000 residents. Waxahachie is an easy thirty mile drive to Dallas, making the suburb a popular place for the city worker to live. Waxahachie comprises almost forty two square miles. The city gets its unique name from the Native American word for "cow creek" or "buffalo creek." The city's economy is very industry-based, although there are also two universities located in Waxahachie: Southern Assemblies of God University and Navarro College. Early College High School, located in the heart of Waxahachie is considered one of the top high schools in the state of Texas. The city is also the site of an annual Renaissance fair that draws international attention. Waxahachie also has some notable legal landmarks. The Richardsonian Romanesque Courthouse, which is considered to be best of Texas' older courthouses is located in Waxahachie. With such a pretty location to practice, it is no wonder that there are so many great lawyers located in the city limits. Waxahachie lawyers are skilled in a range of practice areas and able to help their local client with any legal issue he or she is confronted with.

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