Wills and Estate Planning

Strategists say one should begin with the end in mind.  If you decide not to decide how you want yourWills Estate Planning property to be handled, the state will decide for you.  This may not turn out the way you thought.  Deciding for yourself is a kindness to your family.

If you have children, having a will allows you to express your wishes regarding who will care for them.  You should consider whether to create a trust to protect anyone who receives part of an estate before reaching adulthood.  This allows you to decide who will be the trustee, carrying out your wishes for how to handle the money you leave your children or grandchildren.  If you want to learn more about these protections, please contact me for more information. 

 

If you or your spouse have ever served in the military, there may be aspects of military law that apply.  Military discounts are available.

The Federal Estate and Gift Tax will change again in 2011.  This may impact your family.  If you are not sure whether you will be impacted, please contact me for more information.

 

mc_vs_ax_accpt_v_071Copyright 2010, The Law Office of Penny Phillips.  ALL RIGHTS RESERVED.  The Law Office of Penny Phillips, P.C., a professional corporation, is located at 1400 Preston Road | Suite 400 | Plano | Texas | 75093 | (972) 665-9823 | Responsible Attorney: Penny R. Phillips

 

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