Estate Planning After A Major Life Event
Many people make the mistake of thinking that writing a will or setting up a trust is all the estate planning they need. The truth is, if you don’t update your will or address special concerns after a major event such as divorce, remarriage or death of a spouse, you are setting your family up for a probate problem upon your death. As things change in your life, they should change in your legal documents, as well.
If it is time to make a change to your estate planning strategies — even if you only need to rewrite your will — call Livens & Reed, PLLC. We are a leading law firm offering services for estate planning after a major life event in Texas.
With two offices to serve you better, our attorneys and staff provide comprehensive estate preservation, asset protection and Medicaid planning services for clients in the Dallas-Fort Worth Metroplex area and communities throughout North Texas. Call us toll-free at 800-569-2663, or contact our offices by email to arrange a free initial consultation with an experienced Dallas estate planning lawyer today.
The Importance Of Keeping Up-To-Date On Your Estate Plan
Some of the most common reasons for updating a will or terms of a trust include:
- Divorce: We can make sure your children remain an important part of your estate planning goals while protecting your personal assets from your ex-spouse and relatives.
- Remarriage: Let us show you how to craft an estate planning and asset preservation strategy that takes into account your stepchildren and extended family members related to your new spouse.
- Death of a spouse: Most married couples leave their assets to their surviving spouse. If your spouse has passed away, it is important to update your will to specifically name your beneficiaries.
- Death or incapacitation of child or other named heir: If you have lost your son or daughter to an early death, you will need to change your will to name a new beneficiary of your estate.
- Adult child’s divorce or remarriage: If you have named your adult children in your will, make sure their ex-spouses or stepchildren can’t claim access to the inheritance.
- Grandchildren: Your existing will may not list your specific wishes regarding passing down assets to grandchildren. An updated will can name each grandchild by name or place conditions for equal distribution among all grandchildren and great grandchildren.
We have earned a reputation for integrity, backed by exceptional client service and responsive communication. You will find our fee structure competitive and our billing policies clear and fair. From wherever you are in North Texas, call us toll-free at 800-569-2663 to discuss your circumstances. You may also use our convenient contact email form to arrange a free initial consultation at one of our two convenient office locations in Bedford and Addison. Se Habla Español.