Practice/Industry Group Overview
Don't Wait Until It's Too Late
It has been said that nothing is certain but death and taxes; nevertheless, many people defer their estate planning almost indefinitely. At the Texas probate law firm of Bailey & Galyen, we understand that wills, probate, and trusts are an essential part of life planning.
Bailey & Galyen Provides Comprehensive Estate Planning and Estate Administration
The Texas wills and trusts law firm of Bailey & Galyen provides comprehensive estate planning and estate administration, including:
- Living Wills
- Durable Powers of Attorney (medical and financial)
- Probate Administration
- Estate Administration
Contact us today for a free initial consultation to discuss your Texas, estate planning estate administration. We have numerous offices throughout the State.
The Benefits of Estate Planning
One of the primary benefits of estate planning is the peace of mind that comes with knowing that your last wishes will be carried out according to your specifications. And knowing that your loved ones will be relieved of the responsibility of making crucial decisions at a time when they are least able to make those kinds of determinations.
Wills and Living Wills
The drafting of a simple will is a relatively easy process, and for that reason, it is neither costly, nor time consuming to have one prepared. And yet, the dignity and peace of mind it conveys are priceless.
If for any reason you become unable to make medical or financial decisions for yourself, a living will (or Directive to Physicians) can provide guidance to caregivers to make certain your wishes are carried out. In addition to communicating with loved ones what your wishes would be under these circumstances, a Directive to Physicians and Family or Surrogates memorializes your wishes. This document can help prevent confusion and be of great comfort to those who may be called upon to help make such a difficult decision. Below are helpful descriptions of common estate planning documents.
Will - A Will is a written, legal document that provides details and instructions for the disposition of a decedent's (dead person's) property. This can be used to explain how property is to be allocated and who would be responsible for carrying out your wishes.
Trust - A Trust is a type of legal entity which is used to hold legal title to property (usually the decedent's) for the benefit of one or more persons. This is commonly used in conjunction with a will, so that real or personal property is properly distributed after your passing.
Living Will - Also called a Directive to Physicians, this document will direct your medical care in the event you become incapacitated or are unable to communicate your wishes to your health care providers.
Durable Power of Attorney - This document designates specific people to handle certain tasks on your behalf if you are unable to do so. This can be applied to health care, to designate specific people to administer care or to serve as implied consent; or to property, so that designated people can handle your affairs on your behalf
Contact Bailey & Galyen for a free initial consultation to assist you with your estate planning needs.
Probate and Estate Administration
The primary goal of the probate process is to promote the orderly distribution of an estate. At Bailey & Galyen, we prepare all documents necessary to bring about the orderly distribution of the estate. Our knowledgable and compassionate lawyers and staff can help you during this important time. Call today for a free initial consultation.