What is Estate Planning?
Estate planning is much more than preparing a will. Estate planning is the process of accumulating and disposing of an estate to maximize your goals, including making sure the greatest amount passes to intended beneficiaries and paying the least amount of taxes. Estate planning also provides for administration and protection of assets during your lifetime and for the decision making in the event of a disabling illness. Should you fail to do such planning, there may be confusion as to what your wishes were and who you would have preferred to act as your decision-maker. If you do not leave a will, your assets will be distributed according to the laws of Texas and not your wishes.
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