Wills, Trusts and Estate Planning
Since 1997, Douglas A. Booth has provided countless clients with estate planning services, drafting Wills, Revocable Living Trusts, Irrevocable Trusts, Powers of Attorney, Medical Powers of Attorney and other estate planning documents tailored to meet their needs. Mr. Booth understands that your goal is to pass your assets to your loved ones as quickly, efficiently and inexpensively as possible and that is his goal too. With a deep understanding of Texas probate, estate planning, and trust law, and the deep respect of the judges and staff of the Travis County Probate Court, Douglas A. Booth has the knowledge, skill, and experience to make sure your estate planning goals are achieved.
Estate Planning Tools And Techniques
- Revocable Living Trusts
- Irrevocable Trusts
- Revocable Life Estate Deeds, also known as “Lady Bird Deeds”
- Gift deeds
- Powers of Attorney
- Medical Powers of Attorney
- Directives to Physicians, also known as “Living Wills”
- Declarations of Guardians for individuals and their minor children
Estate Planning Basics
Having a valid Will is the foundation of any good estate plan. Here are three reasons why you need a Will:
- Making sure your assets pass according to your wishes. If you die without a Will, your assets will pass to your legal heirs – those persons chosen by the rules of intestate succession set forth in the Texas Estates Code. While it’s possible that these rules comport with your wishes, it’s certainly not guaranteed. Douglas A. Booth can prepare and supervise your execution of a Will to ensure your property passes in accordance with your wishes.
- Saving time and money. Put simply, Texas probate law makes the probate process (the process by which assets are most commonly transferred to the next generation after a person dies) much simpler, quicker and less expensive for someone who dies with a Will than for someone who dies without one. As such, money spent now means that more money passes to your loved ones when you’re gone.
- Protecting loved ones who may be young or ill. If you die without a Will, your property will pass directly to your heirs. This is the case even if said heirs are legally or practically incapable of managing that property due to advanced age, minority age, or illness. In preparing a Will for you, Douglas A. Booth can make sure that property that might go to someone unable to manage it, instead goes to a trustee of your choice who is legally obligated to use such property for your loved one’s health, education, maintenance and support.