Based in Southlake, Texas, the attorneys at Schultz and Kellar, PLLC offer estate planning services throughout the Dallas-Fort Worth metroplex. From a basic Will and Power of Attorney to complex estate planning strategies that minimize estate tax liability and plan for difficult or unique circumstances, the Texas estate planning lawyers at Schultz and Kellar are here to help.
Business owners and high-net-worth individuals need a comprehensive estate plan to protect and preserve the assets they worked so hard to build. But they aren’t the only people who need assistance with asset protection and wealth-transfer strategies.
No matter how large or small your asset portfolio might be, an estate plan will help preserve your legacy and ensure the disposition you envision. Likewise, whether you’re in your 20s or you’re already enjoying retirement, an estate-planning lawyer can help you plan for the future as well as for the unthinkable.
Probate fees, estate taxes, and other liabilities can reduce your assets’ value substantially. With the right plan in place, you can legally minimize your tax liability and better protect what’s yours. An experienced estate and financial-planning attorney understands the complexities of this process. Your lawyer can recommend a comprehensive strategy that best suits your needs and goals. Your attorney will ensure your legality and compliance and help you update your estate-planning strategies as time passes and your needs change.
If you’ve been putting off estate planning, it’s time to get started.
Despite what you might believe, the process is not complex or time-consuming when you have one of our experienced estate planning attorneys to assist you.
We take the time to get to know you and help you identify your goals for the future. We handle all the details, from establishing the value of your assets to setting up the legal structure of wills, trusts, transfer documents, and anything else you require.
We also identify any potential issues that could possibly threaten your assets and plan a comprehensive approach to wealth preservation. Finally, we help you develop appropriate strategies to assist you and your family in the event of your incapacitation.
Baby Boomers, who grew up during the height of American prosperity, are poised to transfer some $30 trillion over the next 20 years. Much of this wealth transfer will be accomplished through a basic estate plan, which usually includes a Last Will and Testament and Power of Attorney, as well as Advanced Directives, a Living Will, and a Health Care Power of Attorney. Together, these documents form the basis of the legacy you will pass on to future generations.
At Schultz and Kellar, we facilitate wealth transfer by creating a comprehensive estate plan that will meet your estate planning goals. We begin by meeting with our clients to understand their estate planning goals and objectives, then prepare documents that ensure that their wishes will be carried out.
We also offer Probate and Estate Administration services to assist our clients with any claims against the estate of a deceased person and to carry out the wealth transfer that was spelled out in the estate planning documents.
For larger estates, people who want to avoid estate transfer taxes, or for people with unique situations such as a child with special needs or a beneficiary who may not be responsible enough to handle a large bequest, we offer complex estate planning services.
In addition to a Last Will and Testament, Power of Attorney, Healthcare Power of Attorney and Living Will, Schultz, and Kellar can prepare all manner of trust documents to best meet our clients’ needs, minimize estate transfer taxes, and care for beneficiaries who are in unique circumstances.
A trust is a complex estate planning tool that allows a person to quickly transfer assets to beneficiaries at a time specified by the trust-maker. A trust offers more flexibility than a Will and is easier to modify.
Unlike a Will, which must pass through probate court and, therefore, is a matter of public record, a trust allows assets to transfer privately, without oversight of the probate court. Additionally, the trust-maker has greater control over assets transferred by trust, as the trust-maker can specify when and how much of the assets are transferred.
A trust is more complicated to set up and, therefore, is more expensive than a Will, but a trust offers additional flexibility and is easier to change as your estate planning circumstances evolve.
A trust can be used to address complicated estate planning situations, such as if a beneficiary is young and the trust-maker is concerned the beneficiary will not spend a large bequest responsibly, or to maintain eligibility for government benefits such as Medicare, Medicaid, and SSI.
If you need assistance with estate planning in Dallas-Fort Worth, contact the experienced estate planning lawyers at Schultz and Kellar, PLLC. We will work with you to craft an estate plan that helps you realize your goals and allows you to leave a legacy to future generations.