Unsure whether you need help from an estate planning attorney? Many people seek out legal help when it comes to planning their estate. Estate planning is the process of organizing and managing your finances and assets during your lifetime and after your death. An estate planning attorney in Houston, TX can help you create a plan that reflects your wishes and ensures that your loved ones are taken care of according to your wishes. Here are a few signs you may need to contact one.
You Own a Business
If you are a business owner, then its best to consult with an estate planning attorney about plans for the future of your business. A good estate plan can protect your business in the event of your death or disability. Without an estate plan, your business could be sold or liquidated to pay off your debts, which may not be your desired outcome.
You Have Minor Children
If you have minor children, then it is important to have an estate plan in place in case something happens to you. Your estate plan can designate a guardian for your children in the event of your death or incapacity. Without an estate plan, the court will decide who takes care of your children, which may not be the person you would want to care for them.
You Recently Came Into a Large Sum of Money
Whether it’s an inheritance, a lottery win, or collecting a substantial income for your work, coming into a large sum of money means that it’s time to speak with an estate planning attorney. An experienced attorney can help you set up a trust so that you can protect your assets and ensure that they go where you want them to go when you die.
These are just a few of the signs that it may be time to consider an estate planning attorney. If you are interested in getting help with your estate plan, contact Katherine Boyd Law online today.