Benefits of Estate Planning

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      Even though no one is required to prepare a will, having a will can avoid some family conflict and any confusion when dividing the decedent's estate. The State of Texas will divide the decedent's estate based on Texas intestacy laws, which dictate how the deceased estate is divided within their family.  The intestate process may be an expensive and overwhelming experience for the decedent's family.  

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Why do you need a will?

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1.  To protect your family;

2.  To provide support and financial stability;

3.  To make sure your desires are fulfilled;

4.  To distribute assets quickly and efficiently; and

5.  To avoid conflict and confusion with your family or other beneficiaries.

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    If you already have a will and inherited from another family member, added to your family, or acquired additional property, modifying your current will is very important. We can help you clarify and modify parts of your will that you may have overlooked or omitted.  

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Power of Attorney

 

       The Dabney-Norman Law Firm prepares power of attorney forms for clients who are living and need to appoint someone to take care of their personal affairs.  A power of attorney is a legal document that allows someone of your choosing to make a wide variety of decisions on your behalf.  

 

1. Durable/Statutory Power of Attorney:  This POA is used when a person becomes incapacitated and cannot make financial, property, and investment decisions for themselves.  They will appoint a trusted individual to make financial, property, and investment decisions for them.  A Durable/Statutory POA may be revoked at any time.

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2.  Medical Power of Attorney: This POA is used when a person becomes incapacitated and cannot make medical decisions for themselves.  They will appoint a trusted individual to make decisions about their healthcare, including end-of-life planning if necessary.  A medical POA may be revoked at any time and may have limitations. 

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       Let's get started on your will or power of attorney documents today.  Bundled discounts are available for all three!

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