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WILLS / TRUSTS / ESTATE PLANS

A will is a document that passes an individual's property to others at the time of death. In order to be a valid will, Texas wills must meet the requirements of Texas state law. If you die without a will, then the state law determines who will inherit your property.

This determination is based on a number of factors, such as whether or not you are currently married, previously divorced, have children from a previous marriage and which of your relatives are still living.

A will is absolutely necessary in order to ensure that your property is passed according to your wishes.

TAX-BASED ESTATE PLANNING

McDonald Worley offers tax based estate planning for high net worth individuals. This includes such estate planning techniques as charitable planning, annual gifting, life insurance trusts, credit shelter trusts, 529 plans, and more.

All tax-based estate plans are different depending on the needs of the client, and as such, a quote cannot be made until you come in for a free initial consultation. Depending on the complexity of the plan, we may provide a flat fee quote. Otherwise, the plan will be created at the cost of $200 per hour.


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FLAT FEE SIMPLE WILL KIT

McDonald Worley offers a flat-rate Texas Will Kit that includes the following documents::

  1. Simple Will – Includes simple trusts for the care and education of minor children, if necessary.
  2. Declaration of Guardianship in Case of Later Incapacity – This document specifies who you wish to care for you in the event that you can no longer take care of yourself.
  3. Statutory Durable Power of Attorney – This document becomes effective upon your disability or incapacity. It grants an individual of your choice to step in your shoes and make decisions for you on various matters.
  4. Directive to Physician –This document specifies how medical decisions affecting you are to be made if you are unable to make them, or to authorize a specific person to make such decisions for you.
  5. Medical Power of Attorney – This document authorizes a person of your choice to make certain medical decisions for you in the event that a physician determines you are unable to make your own health care decisions. This works in conjunction with the Directive to Physician.
  6. HIPAA Release

 


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McDonald Worley Attorneys At Law
1770 St. James Place, Suite 100 |  Houston, Texas 77056
 | Toll Free Phone: (800) 610-2001 | Phone: (713) 523-5500
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