No matter the size of your estate, it is important that you have a plan for the future that is tailored to your specific situation. Online resources offer quick and what appear to be cheap solutions. But these template products rarely address your unique circumstances and goals, and usually end up costing your estate and your heirs valuable time and money. You need to work with an attorney who understands your assets, how you wish to provide for your loved ones and how to achieve your goals for the future at the least cost to your estate.
Tailored Will and Trust Solutions
At Kantack Alcantara Law Office, P.C., of South Padre Island, our wills and trusts lawyers craft wills and trusts as part of a comprehensive estate plan. We take the time to listen to your goals and create the documents and estate planning vehicles you need to pass your assets and property on to your loved ones.
A will is the cornerstone to most estate plans, providing clear directions as to how assets and property are to be distributed among loved ones or to organizations after the individual has passed. This will require a trusted person to be named executor of the estate to oversee this distribution. The executor is responsible for assembling all the assets of the estate, paying creditors and disbursing assets to the heirs.
Trusts are vehicles for holding and dispensing assets to certain individuals or organizations over a period of time. Some of the most typical names for different types of trusts include:
- Revocable and irrevocable trusts
- Living trusts
- Asset protection trusts
- Special needs trusts
- Charitable trusts
- Spendthrift trusts
- Testamentary trusts
- Qualified domestic or QDOT trusts
- IRA Beneficiary trusts
- Irrevocable Life Insurance trusts
- Generation-skipping trusts
- Marital and nonmarital trusts
- Family trusts
Each type of trust is unique in how it is established and how it will be distributed. We take the time to understand your specific goals and help you find trust solutions that will most effectively accomplish your goals.
We are also available to serve those who have been appointed trustee of a trust or executor of an estate, offering guidance and assistance in trustee and executor or administrator duties, and helping to avoid any inadvertent breach of fiduciary duties.
To learn more about your options in estate planning, please contact our South Padre Island law office today for a consultation.