Probate, Wills, Trusts, Estate and Incapacity Planning Lawyer in Tyler and East Texas
Estate planning and peace of mind
Because life takes unexpected turns, the guidance of an experienced wills, trusts and estates lawyer can be invaluable to you. As you plan for incapacity or transfer on death, it is important to keep your exposure to creditor claims and taxable liabilities under control. The Campbell Law Firm, PC focuses its estate planning and incapacity planning practice on asset preservation and wealth transfer. Our attorney stands ready to advise you on transfer-on-death and tax-avoidance strategies that can help you preserve a legacy of wealth for your heirs. He can also advise you on contingent transfers of decision-making authority. Depending on the size of your estate, there are various steps you can take to make plan your future with peace of mind. Our attorney can advise you of your legal rights and options.
Wills, trusts and estates — asset preservation for wealth transfer
The Campbell Law Firm, PC assists clients in the preparation of wills, trusts and related documents. Wills and trusts allow you to specify how your estate will be divided and distributed upon your death. A primary difference between a will and a trust is that a will requires probate administration, while a properly created and funded trust does not require probate. Depending on your personal and financial situation, your estate planning lawyer may recommend using any of the following types of instruments:
- Wills
- Revocable Living Trusts
- Irrevocable Trusts
- Insurance Trusts
- Special Needs Trusts
- Beneficiary Designations
Probate – allocation of wealth among beneficiaries
Probate is the process by which an executor or administrator of an estate transfers legal title to the decedent's property over to the decedent's heirs or designated beneficiaries, after receiving letters testamentary or letters of administration from the Court. If there is a will, the court determines whether the will is valid and hears any disputes as to the interpretation of the will. If no will exists, the court distributes the property according to the Texas laws of intestate succession. The Campbell Law Firm, PC assists clients in the probate of wills as well as in probate cases where the decedent did not leave a will.
Incapacity and disability planning — transfer of authority
Incapacity or disability planning allows you to prepare for the possibility that at some time in the future you may be unable to make financial or health care decisions for yourself. A disability plan allows you to designate trusted individuals who can make these important decisions on your behalf. Planning for the possibility of incapacity or disability can save your loved ones from significant anguish in the future, and can avoid the necessity for a costly guardianship proceeding. Your lawyer will help you determine the documents that are appropriate for you, such as:
- Durable powers of attorney for financial matters
- Medical powers of attorney
- Directives to physicians and family or surrogates
- Declarations for mental health treatment
- Designations of guardians
For legal advice, call today — Tyler: 903.593.6899, Mineola: 903.569.0000 or Toll Free: 877.569.0010
Bradley Campbell is an estates and trusts attorney with more than 24 years of practical insight into wealth transfer, asset preservation and incapacity planning. When you call today, he can assess the scope of your legal needs and recommend a plan of action. To take advantage of a free initial consultation, please call or contact us today.
