Crain & Wooley can help you prepare both for life’s eventualities and for the unexpected with an effective estate plan that protects your hard-earned assets and property. With our legal guidance and assistance, you and your loved ones can feel secure in the future knowing your important affairs will be properly handled when you pass away or if you become incapacitated. We understand how important it is to proactively plan for the future, so reach out today so we can discuss our customized estate planning services.
Estate Planning Options
In broad terms, there are two types of estate planning tools used today – Trusts and Last Wills & Testaments. There are common misconceptions about each. Find out which best suits your situation by scheduling a free consultation today.
Providing Peace of Mind for You & Your Loved Ones
Our goal is to provide the best plan that's tailored to you and your family's needs. This can only be done when we get a full understanding of your situation. Get in touch with us today to get a free consultation to explore your options.
Last Will & Testament
A valid will provides your loved ones and the probate court-specific instructions for distributing your assets when you pass away. Your will doesn’t become a legally binding document until you pass away. It is important to note that just because you have a will doesn’t mean your estate avoids probate. People often wrongly assume that a will gives their family and friends immediate power to distribute assets. However, a will requires that your executor (the person you named to be in charge) complete the probate process.
There are multiple types of trusts, but three of the most common are revocable living trusts, irrevocable living trusts, and supplemental needs trusts.
Trusts are often thought to be beneficial only for the extremely wealthy who want to hide monies in offshore bank accounts. In reality, trusts are used by everyday people of all backgrounds and for many reasons.
A revocable living trust, the most common type of trust, is a highly flexible estate planning options. It allows for divorce protection of an inheritance, provides the option of setting up age appropriate distributions, offers the opportunity to create education funds and much, much more. It also directs the disposition of your estate after you pass away, allowing trust beneficiaries to receive assets without court interference – avoiding probate.
There are many benefits to using a trust as your estate planning tool. Learn how each type of trust can accomplish your goals by reading our easy-to-understand booklet.
While any licensed attorney can write a will or trust for you, very few have dedicated themselves solely to the art and science of estate planning like the attorneys at Crain & Wooley. Not only is our firm’s founding partner, Justin T. Crain, one of the top 3 estate planning lawyers in Plano, but he also wrote the book Leaving a Legacy: What Every Texan Should Know About Estate Planning to educate everyday people and help them understand what to expect from the estate planning process.
Our top-notch lawyers practice solely in the area of estate planning and possess years of experience and legal insight that allows us to provide our clients best-in-class service that is supported by up-to-date, best practices.
- Estate Planning and Reverse Mortgages
- 4 Simple Steps to Estate Planning
- Top 3 Mistakes in DIY Estate Planning
- Busting 5 Myths About Estate Planning?
If you would like to speak to our estate planning team, please call
today to request a free consultation with one of our lawyers. We also have a convenient online scheduler you can use to select an appointment time that best suits you.
Laws change all the time. We stay up to date with all the latest information so that you’re covered. No one else in the region is as dedicated or educated in this area of law. We’re the experts so you don’t have to be.
Optional Lifetime Guarantee
With our optional lifetime guarantee, your will and trust will be automatically updated over the years to ensure it stays current with best practices, reflects your current wishes and minimizes future confusion for your family.
Finally, you won’t need a lawyer to understand your legal fees. We clearly communicate our pricing structure upfront, so you can feel comfortable with our service from start to finish. No surprises, no hidden fees.
*Our flat rate fees apply only to proactive planning services.