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What Should Be Included in a Will? Essential Components of a Written Will

The Cawlfield Law Firm, PLLC is a real estate lawyer serving the Frisco, TX area. Click here to learn more about why you need a real estate attorney when buying a home!

The Cawlfield Law Firm, PLLC is a real estate lawyer serving the Frisco, TX area. Click here to learn more about why you need a real estate attorney when buying a home!

Are you in the process of forming a new business in North Texas? If so, it is essential that you and your partners put the proper legal structure in place. A limited liability company or LLC is a great option for many business people and entrepreneurs. In this article, our Celina corporate and business law attorneys provide an overview of limited liability companies (LLCs) and explain why you might need one in Texas.

If you or a loved one has been diagnosed with Alzheimer’s or dementia, having a legal plan is crucial. Contact our law firm to ensure your wishes are met. We serve Celina, Frisco, TX, and beyond.

Keeping your financial records organized and easy to access will be well worth the time spent in the event of an emergency. In order to help you get started, we have put together an Estate Organizer. The Organizer is a form for you to indicate who needs to be contacted in case something unexpected happens to you, and offers a place for you to list where all of your assets and documents are located. Be sure to keep this somewhere it will be found in an emergency, such as your home office, with your original Will, and/or in your safe deposit box. It is also important to update this document regularly, such as at the beginning of a new year. Once you have completed this form, don’t forget to communicate with someone where they will find this information! ESTATE ORGANIZER If you need assistance with any aspect of your estate plan, please call us at (972) 449-8557 or contact us online. With an office in Celina’s historic downtown square, we serve communities throughout the region, including in Collin County, Denton County, Grayson County, Cooke County, Tarrant County, and Dallas County.

A special needs trust is a legal arrangement that lets a disabled beneficiary receive financial support without jeopardizing essential government benefits, such as Social Security and Medicaid benefits. The reason this is such an important arrangement is a person cannot qualify for those benefits if they have assets worth more than $2,000. Many times, the trust is set up for a child to be funded when the last parent dies, perhaps using life insurance, IRAs, or annuities. However, the special needs trust can be set up by any party who wants to provide financial support to a disabled beneficiary. Another benefit of a special needs trust is the beneficiary may be unable to manage their own finances. When the trust is set up, a trustee will be designated who will manage and distribute the funds on behalf of the beneficiary. The beneficiary of the trust will not have any control over how the funds are distributed. However, the trustee can spend the funds on things that improve the beneficiary’s quality of life, such as: Phone service Electronics Education Entertainment such as going to the movies, plays, and cultural experiences Vacations Eyeglasses Medical, dental, rehabilitative therapy, and occupational therapy If you need assistance with a special needs trust, please call us at (972) 435-7938 to schedule a confidential, no-obligation initial consultation, or contact us online . With an office in Celina’s historic downtown square, we serve communities throughout the region, including in Collin County, Denton County, Grayson County, Tarrant County, and Dallas County.

If you’re looking for an estate planning attorney, contact The Cawlfield Law Firm. We are here to help ensure your loved ones are protected. Reach out to schedule a consultation.

Scheduled your first estate planning meeting? Here’s everything you need to know before you arrive. Contact The Cawlfield Law Firm for more information.