Wills and trusts are a means in estate planning for the transfer of property and assets in the most cost-effective and efficient manner while also considering family dynamics, the nature and amount of one’s assets, and applicable transfer taxes. Creating a comprehensive will or trust requires an individual assessment of the client’s fundamental needs and goals, finances and potential tax consequences.
Whether you are about to create a will or trust for the first time, or you need to revise your current will or trust, The Biggers Law Firm, P.C. can provide you with an individually tailored approach that covers all of your estate planning needs and concerns.
An overview of some basic tools that you will typically use in your estate planning includes the following documents:
- Wills — A will is a written document that leaves an individual’s estate to named persons or entities, including portions or percentages of the estate and specific gifts. Usually, a will names an executor to manage the estate and states the authority and obligations of the executor in the management and distribution of the estate.
- Trusts — A trust is an entity created to hold assets for the benefit of certain persons or entities, with a trustee managing the trust. A trust may take the place of a will and avoid probate by providing for the distribution of those assets that have been titled in the name of the trust. One may construct numerous types of trusts depending on the desired structure and purpose, including revocable, irrevocable and charitable trusts.
- Powers of Attorney — A power of attorney is a written document signed by a person giving another person the power to conduct business on behalf of the signer, including signing tax returns and other legal documents, handling bank accounts and performing other activities in the name of the person granting the power of attorney.
- Medical Directives — Medical directives refer to treatment preferences and the designation of a surrogate decision-maker in the event that a person becomes unable to make medical decisions on his or her own behalf.
- Designation of Guardian — Designation of a guardian is a written document signed by a person designating the person they desire to be their guardian, or that of their minor child, in the event they become incapacitated.
- Disposition of Remains – A document executed by the principal which provides for an agent and any special directions for the disposition of the principal’s remains upon death.
The Biggers family has continually practiced law in Texas for nearly a century. Since that time, members of the Biggers family have been leading representatives in the legal community, not only passing down academic and legal knowledge to the next generation, but also providing insight and experience.
Attorneys at The Biggers Law Firm have earned accolades from peers and prominent legal organizations alike. Our attorneys offer a rich depth of experience and a dedication to providing the highest level of legal service.
Contact Our Wills And Trust Lawyers
We strive to build long-term relationships with our clients, guiding them through the estate planning process. To find out how our attorneys can provide legal assistance to you, please contact us for a free consultation.
The Biggers Law Firm, P.C. is located in Dallas’ historic State Thomas District of Uptown, representing clients in the Dallas-Fort Worth Metroplex and throughout Texas. To arrange an initial consultation please contact our office through this website or by calling 214.252.1900.