The Foxhoven Law Firm

Law firm focused on providing personal legal services to Austin, Texas and surrounding communities.
824 W 10th St Ste 100A Austin, TX
Phone: (512) 537-0370

Securing Your Future: Help Your Family by Estate Planning

(November 7, 2012) — Providing for immediate family is an essential step towards securing a stable future and happiness at home. Yet when someone passes away, if they have not put their affairs in order, it can make an already difficult time of grieving that much harder for the family and loved ones who are left behind. It is important to determine – well in advance of your passing – how your assets will be distributed after you pass away. An experienced estate planning attorney can help you ensure that your assets are distributed as you want them to be, and that your legacy and the future security of your family is protected.

Estate is a term most commonly used to refer to the net worth of a person. Estates include the sum of all of one’s assets, such as personal wealth, legal rights, interests and entitlements to property, and all of one’s liabilities, such as any debts. Estate planning has many facets including inheritance and distribution personal wealth, retirement and real estate, drafting a last will and testament, and powers of attorney. While all aspects of estate planning are important, inheritance and distribution of real property can be very complicated. If you will be leaving real estate to your heirs after you pass away, consider talking to a trusted lawyer who can help you navigate the process and effectuate your wishes.

Inheritance is the planned distribution of assets, real or personal, to designated persons, such as family or friends, or entities, such as charities or non-profit organizations. More often than not, the main beneficiaries will receive a majority of the assets, ranging from real estate to personal property. By assigning those you trust most to handle estate distribution, estate planning turns the insecurity of what the future holds into a tangible forecasted reality. Working with an experienced estate planning attorney, you will legally determine who will inherit your most valuable possessions.

At the Foxhoven Law Firm, PLLC, I work to provide consultation on a variety of legal affairs. I can provide legal services pertaining to estate planning (wills, durable power of attorney, medical power of attorney and advance directives), business law (including incorporation and LLC formation, contract drafting and review, business transactions and more), and family law (including divorce, child custody, child support, modifications of prior Orders, paternity, Attorney General cases, adult name changes and more).