Providing Creative Solutions and Meticulous Preparation in all Areas of Law
McKinney Estate Planning Lawyers
Unlike some other firms, estate planning is not a sideline practice at Nordhaus & Nordhaus, PC. Here, it is one of the cornerstones of our firm. Effectively planning an estate is a process that goes far beyond simply preparing a set of documents. Preparing a thorough and personalized estate plan begins with a conversation about your personal goals and wishes, followed by a discussion of pertinent family matters and a detailed financial analysis.
The process does not end until the plan has been fully implemented, from signing documents to re-titling assets and updating beneficiary designations. By looking at the entire picture, we are able to craft tax-efficient estate plans that maximize each individual client’s ability to adapt to changes during their lives while making things easier for their family after death.
Everyone Needs an Estate Plan
Despite common misconceptions, everyone needs an estate plan. Many people seem to think that you only need an estate plan if you are rich. But, while wealthy individuals may require more complicated strategies to address issues like federal and state death taxes, even the "not-so-rich" must carefully plan for the distribution of their property and appointment of guardians for their children. A simple will may be all the estate plan you need, but it is still extremely important. Starting out with a simple will is an excellent way to protect yourself and your loved ones. Our simple wills are flexible documents that can be amended as your family grows and changes over time.
Our Estate Planning Services
As McKinney estate planning lawyers, we utilize numerous different types of estate planning tools and techniques to protect our clients’ interests. When we meet with you about your estate plan, we will help you understand which of the following are right for you:
- Revocable Living Trusts
- Durable Powers of Attorney
- Health Care Directives
- Living Wills
- Irrevocable Trusts
- Charitable Trusts
- Generation-skipping Trusts
- Family Limited Partnerships
- Gifting Strategies
- Asset Protection Strategies
- Business Succession Planning
- Insurance Planning
- Special Needs Planning
In many situations, crafting an estate plan will involve using a number of these tools in combination. For example, revocable living trusts are popular estate planning tools due to the flexibility they provide and their ability to avoid probate. If you choose to use a living trust, you will also need at least a simple will (to cover guardianship issues and any property not transferred into the trust prior to your death), and you may want to consider a living will for healthcare planning, certain irrevocable trusts and other asset protection and insurance strategies as well.
Speak with an Estate Planning Lawyer at Nordhaus & Nordhaus, PC Today
If you would like to speak with one of our estate planning attorneys, we invite you to contact us for a free, confidential consultation. Our offices are conveniently located in McKinney, Texas on S. Lake Forest Drive. To get started with your estate plan, contact us online or call (214) 726-1450 today.
Disclaimer: While our primary office is located in McKinney, Texas, Nordhaus & Nordhaus provides legal representation to residents in the Allen, Frisco, Prosper, and entire Collin County area.