Wills, Trusts, & Estate Planning
Estate Planning for everyone.
A well-crafted estate plan can give you peace of mind and provide support to your loved ones. Here are some of the many benefits of an estate plan:
- Help your loved ones avoid expensive probate court costs
- Ensure there is a plan in place if you suffer an accident or injury
- Transition your business, real estate, or other assets seamlessly
- Create a simple estate plan that is easy to administer and understand
- Provide support to loved ones with special needs or disabilities
The Complete Estate Plan
The Five Essential Documents
A complete estate plan should come with five essential documents. As part of our counsel, we will prepare these documents to your goals and specifications. In addition, we provide guidance and instructions on how to best properly use them.
- The Testamentary Document (A Will, Trust, or both)
- Durable Power of Attorney
- Healthcare Power of Attorney
- Living Will / Advance Healthcare Directive
- HIPAA Release Form
Why choose David Akrami Law for your estate plan?
Importantly, we aim to create the estate plan that work best for your estate. Your estate plan should be as simple to administer. We put your interests and needs first in a custom, collaborative. We are focused on delivering the best estate plans possible to our clients.
We offer complete estate planning and work hard to ensure your plan is functional and will satisfy your goals. This means we make sure your documents are notarized and ready to go. If we draft a trust for you, we make sure your trust is funded – an important service that many attorneys do not offer, but we include.
Should I get a Will or a Trust?
The best estate plan for you depends upon your estate. Wills & Trusts are not one-size-fits-all, and it’s important to analyze your unique situation. In addition, we include a Will when we create Trusts for our clients. So it isn’t an either/or decision.
For many estates, a simple will is sufficient. However, a Trust can be a valuable estate planning tool if you have multiple rental properties or own a business. And while a Will costs less upfront, but it will still need to go through probate court and become public record. In contrast, a Trust costs more to set up and administer, but it is a private document and helps avoid probate court.
In any case, one is not better than the other. When you work with an attorney with us, we will figure out which style of estate plan works best for you.
Other Estate Planning Services
Here are some other estate planning services we offer. Note that power of attorney documents are often included in our packages for Wills and Trusts.
- Statutory Durable Power of Attorney
- Medical Power of Attorney
- Gun Trust
- Transfer on Death Deed
- Motor Vehicle Transfer on Death
Frequently Asked Questions
What does an estate plan cost?
The cost of an Estate Plan varies on marital status, complexity of the estate, and structure of a plan. Generally, the Complete Estate Plans begin at $1000 for a single individual.
For a simple Will, the price can be as low as $300. However, it is best to invest in a Complete Estate Plan, which includes Power of Attorney documents, Healthcare Power of Attorney documents, Advance Medical Directives, HIPAA Release forms, and longer consultations.
Overall, solving your legal needs with a complete solution is more cost-effective than obtaining each document individually. To us, providing each client with an effective estate plan is more important than price. We will work with you and try our best to accommodate your budget and needs.
Why use a law firm for your estate plan?
Many online services offer wills and trusts, but these websites often create more problems than they solve. Online services cannot help execute the forms, nor do they offer legal advice or highlight any unforeseen issues. In simple terms, online form services overcharge for autogenerated forms that are available elsewhere for free, do not offer true personalization or legal advice. On a practical level, working with a law firm and an attorney saves time, headaches, and money.
What areas do you serve?
We serve all of Texas, but currently concentrate on the Dallas-Fort Worth area. Our office is in Plano, which allows clients in North Texas to visit us in-person.
What happens if I pass away without an estate plan?
If you pass away without a Will or Trust, your assets will be distributed through Texas intestacy laws and probate court. In this case, the court will determine your heirs and essentially create an estate plan for you. This process is costly and can be stressful for your loved ones. The court will have to sign off on the disposition of assets and distribute them in shares according to state law.
Can an estate plan save on taxes?
There are estate planning techniques that can lessen the tax burden on your beneficiaries and heirs. Generally, the largest tax that individuals face is the estate tax, which affects estates with values of $10M+.
Can I make changes if my circumstances change?
Yes, you can update your estate plan by changing the distribution of assets, adding assets, and other actions. Greenline Law offers services that allow you to update your estate plan.
How long does it take to create an estate plan?
For simpler estate plans, we aim to have your documents to you within five business days. Timing depends on consultation scheduling, but we prioritize fast, efficient service.
How often should I update and review my estate plan?
Twice a year is generally a good schedule to update your estate plan. In addition, anytime your assets significantly change or you acquire new property or business interests you should look into updating your estate plan to reflect your current financial situation.
DISCLAIMER
The information provided on this website is for general informational purposes only and does not constitute legal advice. No attorney-client relationship is established by accessing or using this site. Consult with a qualified legal professional for advice tailored to your specific situation.
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