Houston Estate Planning Attorney Whitney L. Thompson Releases Comprehensive Guide on Texas Estate Laws

November 20 18:04 2023
Houston Estate Planning Attorney Whitney L. Thompson Releases Comprehensive Guide on Texas Estate Laws

Houston estate planning attorney Whitney L. Thompson’s recent publication sheds light on Texas’s complex estate planning laws, providing practical insights to help individuals make informed decisions.

At the outset of the article, Thompson stresses the importance of contemplating mortality, especially for those with dependents. This Houston estate planning attorney emphasizes that thorough planning allows control over estate distribution and ensures the care of loved ones.

As an experienced trusts and estates attorney, Thompson asserts that estate planning isn’t just for the affluent. According to Thompson, “If you own anything, you have an estate,” which includes homes, cars, personal belongings, bank accounts, retirement savings, investments, and life insurance. Without estate planning, these assets may be left to the state’s discretion after death.

Drawing on experience as a Houston attorney, Thompson explains the potential complexities of intestate succession—the state’s asset distribution process when no will or estate plan exists. The Houston estate planning attorney also highlights the risks of delaying estate planning, such as state-determined asset distribution, a potentially time-consuming and stressful process.

Thompson, a Houston-based attorney, encourages early and regular estate planning, stating, “Because none of us can predict the future or how long we will live, estate planning should begin early and be revisited periodically to make changes as our lives change. The best time to start is now.”

This Houston attorney also examines various estate plan components, including wills, trusts, powers of attorney, and advance directives. Thompson underscores that an estate plan should be individually tailored to accommodate unique family needs and circumstances.

Long-term care planning’s importance is another point Thompson emphasizes, suggesting its inclusion in the estate plan to ensure care needs are met with age.

Thorough estate planning is crucial to fulfill wishes, protect families from legal nuisances, avoid expensive probate, and secure beneficiaries and assets. The intricacies of estate planning are considerable, and seeking assistance from experienced Houston attorneys can help avoid common pitfalls.

About The Law Office of Whitney L. Thompson:

The Law Office of Whitney L. Thompson, PLLC, based in Houston, Texas, is dedicated to helping clients plan for and protect their legacy and the future of their loved ones. Houston estate planning attorney Whitney L. Thompson and her team of legal lawyers strive to build long-term relationships with clients to understand their needs and concerns better. They are committed to providing skilled legal estate planning advice and guidance, ensuring their clients have the peace of mind they deserve.

 

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Email: [email protected]

Website: https://www.wthompsonlaw.com/

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Company Name: The Law Office of Whitney L. Thompson, PLLC
Contact Person: Whitney L. Thompson
Email: Send Email
Phone: (281) 214-0173
Address:4201 Farm to Market 1960 Rd W Suite 219, Box #116B, Houston, TX 77068
City: Houston
State: Texas
Country: United States
Website: https://www.wthompsonlaw.com/

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