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Creating an Estate Plan Protects Your Family

An estate plan determines the ownership and management of your assets and their distribution after death. While estate planning is essential for protecting assets, many people don’t consider the future implications for their families. You need to protect your estate during your lifetime and ensure a straightforward transition to your heirs. We create estate plans for families in McKinney and across North Texas.
McKinney Estate Plans

Who Needs an Estate Plan?

Estate planning is not just for families with a diverse collection of assets. Everyone has an estate, and can benefit from documenting their plans during their life and after passing. If you have a home, car, business, stocks or any other possessions, you have an estate that will be passed down to your beneficiaries. If you don’t adequately plan ahead, your loved ones could face a long probate process during a difficult time.

The attorneys at Lucé Law, PC can help reduce the tax bill a beneficiary faces. Additionally, we will legally document guardianship of your children and the management of your assets in the event of medical incapacitation. You can never be sure if an emergency will strike, but you can prepare for difficult times and protect your family.

What Should Be Included in an Estate Plan?

Our estate plans are always customized to the needs of our clients. Every family has different goals, and our attorneys are dedicated to providing peace of mind throughout the process. An effective estate plan will save you time and money throughout your lifetime, protect your rights and assets in cases of medical emergency – and ensure your relatives can access their inheritance without legal estate disputes and complex court processes. The following elements are included in many estate plans.

  • Wills & Trusts
  • Power of Attorney
  • Beneficiary Designations
  • Transfer of Assets
  • Guardianship Designations
  • Property Transfer
  • Healthcare Directives

Lucé Law, PC creates estate plans that protect your family now and prepare you for the uncertainty of the future. Our estate planning services are thorough and comprehensive.

6 Benefits of Creating an Estate Plan

As an estate plan is personalized for the needs of each individual client, the benefits will often vary. Some of the following advantages will highlight why the estate planning process is so valuable.

1. Tax planning – Strategic estate planning can help your beneficiaries avoid high tax burdens. By structuring your assets in a tax-efficient way, more of your lifetime wealth is kept within the family, or distributed to charities of your choice.

2. Providing for loved ones – An estate plan allows you to specify how you want your assets to be distributed after you die. This includes providing for loved ones such as children or grandchildren. Careful planning will prevent family disputes and fraudulent claims on your assets.

3. Avoiding probate – Probate is the legal process of distributing a person’s assets after death. By creating an estate plan you can help avoid this costly and time-consuming process, ensuring your heirs have quick access to their inheritance.

4. Planning for incapacitation – An estate plan can include documents such as durable power of attorney and a living will. These allow you to specify how you want your affairs to be managed if you become incapacitated.

5. Protecting your assets – Estate plans help ensure that your assets are protected and preserved during your lifetime. In brief, it’s never too early to think about the best structure for your estate.

6. Reducing conflict – By clearly outlining your wishes, estate plans typically reduce the likelihood of conflict among family members or beneficiaries. Starting the process early can prevent future disputes between family members.

Common Questions About Estate Plans

Your estate plan is a series of documents that should be maintained over your lifetime. We can ensure your documents are updated to reflect a change in circumstances as they transpire.
Estate plans can involve simple legal documents or complex structures. Even if you have minimal assets, preparing a will, healthcare directives, guardianship designations and other documents can save time and legal expenses for your family.
Yes. The ownership and management of your business can be designated as part of an estate plan.

Need Help Creating an Estate Plan?

An estate plan is an important way to structure your assets for your heirs, and for your own peace of mind. Our attorneys can create a custom solution that protects you and your family in the event of incapacity or passing. For a free legal consultation with Lucé Law, PC call (972) 632-1300 or request help online.

Legal Practice Areas

Joe Lucé represents individuals dealing with the repercussions of personal injuries, auto accidents, slip and fall injuries and wrongful death.
Personal Injury

Personal Injury

Our experience dealing with personal injury claims means we know how to get results.

wrongful Death attorney

Wrongful Death

The loss of a loved one is compounded when it’s the result of wrongful death.

Slip and Fall Injuries

Slip and Fall Injuries

Slip and fall accidents occur regularly in commercial buildings, workplaces, stores and malls.

Auto Accidents

Auto Accidents

Auto accidents are frequently preventable, with distracted drivers, vehicle malfunctions and other conditions to blame.