Wright Abshire, Attorneys, A Professional Corporation
Houston: 713-660-9595
The Woodlands: 936-273-2773
Fayette County: 979-278-4095

Estate planning is essential for everyone, not just the rich

For many people in Texas and around the nation, the term "estate planning" conjures up visions of stately mansions and luxurious lifestyles. However, even though most people don't think of their property and possessions as being a part of their estate, they still need to consider what will happen if they are no longer able to handle the decisions of daily life.

Most people are familiar with the concept of writing a will to specify how they want their possessions to be distributed after their death. There are several other legal arrangements available that can also be an essential part of a solid estate plan. Creating a living trust can be an effective strategy to protect designated assets from going through probate and to reduce the amount of estate taxes due. Creating a durable power of attorney allows individuals to decide to whom they want to entrust their financial and health-related decisions in the event they become unable to make their own decisions.

Another important item to pay attention to is the beneficiary designations on things like life insurance, pension plans or bank accounts. It is important to keep the beneficiaries updated to reflect changing life circumstances such as marriage, divorce or the birth of a child because these arrangements are given more legal weight if an individual becomes incapacitated than other documents, including wills.

Individuals who want to ensure that their assets are handled in a professional way if they become unable to make decisions for themselves may need professional help to create an estate plan that is right for their unique circumstance. Attorneys working in the area of elder law may be able to provide their clients with legal guidance as they make crucial decisions about their future.

Source: Forbes, "Estate Planning For The Rest Of Us", Liz Davidson, September 12, 2013

No Comments

Leave a comment
Comment Information

We Believe in Client Satisfaction Here is what our clients say about our hands-on approach to elder law and estate planning.

  • Thank you for your caring expression of sympathy. But more importantly, I want you to know how much your warmth as human beings has been palpably present in all the social and business intercourse we have experienced with you. Your willingness to allow yourselves to be completely human as you ply your trade adds a dimension to your professional stature which is unparalleled by most of your profession. Please don't change. You stand head and shoulders above the crowd. - L.T
  • Everyone in the firm was extremely cordial, courteous and professional, which made our family feel at ease knowing that our needs would be expertly managed. - R.L.
  • Everyone I came in contact with were kind and helpful. They were so professional as well as personable. I loved them. - J.B.
  • Very helpful in a family time of need. Excellent staff and service. After dealing with the State I have no idea how anyone could take this journey without the law firm's services. - L.N.
  • The firm did all things especially well. I was always impressed by the competent manner in which everyone worked and was confident that it would be "mission accomplished..." – J.T.
  • No detail was overlooked. Everything went very well. We feel so fortunate that your firm is well informed, capable and willing to do so much for us. I can't thank you enough for everything! - N.C.
Learn More
Email Us for a Response

Have a question about elder law in Texas? We can help. Schedule A Consultation Now

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

"The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form."

Contact Our Texas Elder Law Attorneys Today We have 3 locations to better serve you. Contact our office closest to you.

Bellaire Office
4949 Bissonnet Street
Bellaire, TX 77401

Phone: 713-660-9595
Fax: 713-660-8889
Bellaire Law Office Map

Bellaire Office

The Woodlands Office
3117 College Park Drive, Suite 240
The Woodlands, TX 77384

Phone: 936-273-2773
Fax: 713-660-8889
The Woodlands Law Office Map

The Woodlands Office

Carmine Office
1055 Deer Haven Road
Carmine, TX 78932

Phone: 979-278-4095
Fax: 713-660-8889
Carmine Law Office Map

Carmine Office
Back To Top