Many people are hesitant to do estate planning. They think it’s too complicated or it’s planning for their own deaths. The truth is, a properly prepared estate plan could be one of the greatest gifts you leave your family.
Not only does an estate plan provide important guidance to your family about how you want them to make medical decisions for you and who you want to inherit your estate, but it also removes the uncertainty that can tear families apart after the death of a loved one.
At The Law Offices of Victor H. Falvey, our El Paso estate planning attorneys help families throughout West Texas with estate planning and probate law. We start by understanding your goals today and into the future. Then we’ll review options to help you meet those goals, explaining the advantages and disadvantages of each one.
Estate Planning Lawyer
There really is no one-size-fits-all estate plan. For some people, a Will and an Advance Healthcare Directive are all they need. Families with children, however, should name a guardian and may want to set up a Trust to manage money until the children reach adulthood.
Those approaching their senior years may want to talk to a knowledgeable elder law lawyer about a Power of Attorney to ensure someone can make decisions for them if they cannot. Senior clients should also be aware of the rules and regulations regarding Medicaid funding for nursing home stays, the impact of Medicaid spend-down requirements, and the benefits of a Special Needs Trust or a Miller Trust.
We also assist families with guardianship proceedings for adults and children.
Socorro TX Estate Attorneys
After the death of a loved one, there are many details that must be handled in the distribution of an estate. It’s important that it be done exactly right, meeting the timeline and reporting requirements of the Texas probate court. Our West Texas probate lawyers assist executors throughout the probate process.
No estate is too complex for us to handle. We are often called upon to help transfer assets and ownership of property located in the U.S. to heirs living across the border in Mexico, or in other states in the U.S. This is a process called ancillary probate.
We also represent family members, heirs, creditors and executors in probate litigation to resolve problems with a Will, a Trust, to replace a Trustee, or some other problem with an estate.