Estate Planning Attorney In Garland, TX

The Law Office of Ana M. Pace provides comprehensive and expert counsel on all aspects of estate planning to clients in Garland with our convenient office location off 75/George Bush. We navigate the intricate terrain of wills, trusts, and probate with unparalleled precision and careful attention to detail. Our broad-ranging services ensure that your assets are protected and your family’s future is secure. Trust in our dedicated expertise to safeguard your estate.

While a Will acts as a guiding instrument for dispersing your wealth, there are also numerous additional estate planning alternatives that Garland residents can benefit from during their lifetime and thereafter. The Law Office of Ana M. Pace is dedicated to assisting you in exploring these options, creating a comprehensive estate plan meticulously designed to cater to your family's unique requirements.

What makes Ana the optimal choice for your Garland Estate Planning or Probate needs?

There are multiple factors that make Ana stand out from other estate planning attorneys in Garland. Foremost, Ana’s exclusive focus is on estate planning, ensuring a profound understanding of its complexities. Her singular dedication guarantees that her proficiency isn’t spread thin across multiple legal disciplines.

In addition, Ana exclusively manages unchallenged probate cases in Garland. This commitment allows her to devote extensive individual attention to each client, guaranteeing that their distinct requirements and situations are comprehensively met. It also ensures that she isn’t inundated with disputed cases, providing her with the bandwidth to offer a more bespoke service.

Lastly, in spite of her specialized concentration and personalized approach, Ana’s services are competitively priced, making her one of the most affordable options available. This allows her expertise to be within reach of a broader audience, who can avail her services without concerns over prohibitive legal costs.

For those seeking dedicated knowledge, individualized care, and cost-effective services, Ana presents a superior choice for an estate planning attorney.

What is the importance of a Will?

A Will is a legal document outlining the recipients of your assets after your death and designates an executor responsible for carrying out these directives, either independently or under judicial supervision.

However, Wills are limited to assets solely in your possession, and they do not cover personal or financial protections if you become incapacitated. Your Will’s implementation depends on its verification by a Texas probate court, and it can be contested by eligible heirs. A significant drawback of Wills is their public disclosure, making your private last wishes open to public scrutiny, which may expose your beneficiaries to possible harassment and fraud.

Handwritten Wills, or those procured online, often lack mechanisms for gradual disbursement of assets, necessitating immediate, lump-sum transfers even to those without adequate financial understanding or skill. These considerations underscore why an estate planning lawyer in Garland usually recommends individuals consult a certified estate planning attorney instead of creating a Will on their own.

If I have a Will, is a Trust necessary?

Trusts represent a legally binding agreement that sets up a fiduciary relationship, allowing a trustee, or a third party, to hold and manage assets for a beneficiary. The most prevalent type of trust for estate planning is a revocable living trust, which avoids the probate process and privately disburses assets to beneficiaries.

However, assets held within a living or revocable trust are usually taxable to the estate of the grantor, thereby restricting their tax benefits. Yet, they are efficient in structuring non-taxable estates. Conversely, irrevocable trusts can substantially reduce the tax burden on an estate and protect assets from creditors, but the downside is the inability to act as your own trustee or to revoke or modify these trusts.

What is probate?

Probate is a legal procedure that takes place after a person’s death to authenticate their will, inventory their assets, pay their debts, and distribute the remaining assets to the rightful beneficiaries. It’s typically overseen by a probate court and can be a complex process, especially if the deceased didn’t leave a will (a situation known as dying intestate).

The probate process begins with presenting the deceased’s will to the probate court. If no will exists, state law determines who inherits the assets. The court then appoints an executor (or administrator if there’s no will), who is responsible for managing the estate throughout the process.

The executor’s duties may include identifying and gathering the deceased’s assets, appraising them if necessary, paying any debts or taxes owed by the deceased’s estate, and distributing the remaining assets to the beneficiaries named in the will or as directed by state law if there is no will.

Probate can often be a lengthy and costly process, which is why some individuals seek to avoid it through estate planning strategies like creating trusts. However, it’s essential to ensure a proper and legally binding distribution of assets, especially in cases of dispute among beneficiaries.

Remember, laws and procedures surrounding probate can vary significantly by jurisdiction, so it’s crucial to consult with an estate planning attorney to understand the specifics in your area. For example, the probate process in Dallas County often takes longer than if you live in the Collin County part of Garland.

We represent clients in Garland that need an estate planning lawyer by providing consultations at our near 75 and George Bush. We also offer phone/virtual consultations.