Skilled Guidance For Estate Planning, Wills, And Trusts
You work your entire life to buy a home. To build your career or a business that you want to keep in your family. To leave behind assets that will ensure your family is provided for if you pass away unexpectedly. Who will receive all of it when you are gone? Who will manage it if you become incapacitated? Who will make medical decisions for you if you are unable to? Who will raise your children if you pass away before they reach adulthood?
The law firm of Harrell, Stoebner & Russell, P.C., with locations in Temple and Killeen, provides trusted advice and guidance to clients throughout Central Texas for all estate planning matters. We will work closely with you to find solutions that suit your unique needs and goals. Our firm is dedicated to being there for the entire life of your plan, from initial drafting to any necessary revisions to the probate of your estate by your chosen executor and other heirs.
Dedicated To Achieving Your Estate Planning Goals
You have the power to decide how your estate is carried out. A well-planned estate will allow your loved ones to mourn your loss without unnecessary legal and financial confusion, while minimizing legal costs, taxes and arguments among your heirs.
Our estate planning attorneys have the tools and resources to aid you in the creation of a solid plan. Elements to consider may include the following:
- Last will and testament
- Trusts, including revocable and irrevocable options
- Business succession planning
- Tax planning
- Real estate
- Insurance matters
- Charitable giving
- Financial and medical powers of attorney
Our goals are to help you gain maximum benefit from estate planning laws, while also ensuring your wishes will be carried out for your estate. You will meet personally with our lawyers to discuss the type of arrangement you need to ensure that your property is passed down to your intended beneficiaries.
Planning For Long-Term Care
As life expectancies increase, so do the chances that you or someone in your family will require nursing care. The costs of such care can be enormous, and can quickly drain a person’s assets. Often an individual will pay for private care until their savings run out, at which time they can qualify for Medicaid, which will pay for their care. But, the government has the right to seek repayment from their estate after their death.
Many individuals ask what they can do to protect their assets and still obtain the care they need. The answer will depend on your unique circumstances, but there are strategies available that will help you create an effective plan for the future. We will determine the best approach that you can take for your specific situation.