See the Answers to Our Most Frequently Asked Questions

What is Estate Planning?

Estate planning is the process of anticipating and preparing for what will happen if you pass away or become incapacitated. With a well-structured, personalized estate plan, you can effectively protect yourself and your loved ones—no matter what happens.

Is Estate Planning Only About Property Distribution?

No. Although preparing your assets and property is an important part of the estate planning process, a proper plan should be comprehensive. It should also contain documents such as a power of attorney to ensure that your loved ones will have the authority to manage your financial, legal, and medical affairs if you are unable to do so.

What Happens If I Never Create an Estate Plan?

If you fail to create an estate plan, it can create many different challenges for your family. To start, you will lose the ability to decide what happens to your property/assets. Instead, your estate will be handled under Texas state intestacy laws. Beyond that, your family may have a hard time protecting you if you become temporarily or permanently incapacitated.

Am I Too Young to Start the Estate Planning Process?

No. Every adult can benefit from an estate plan. Even if you have a relatively simple estate, a plan offers protection. With the proper structure in place, you can continuously update your estate plan to meet your needs.

How Often Should I Revise My Estate Plan?

You should review your estate plan after all major life changes. Examples include marriage, the birth of a child, and inheritance of money/property. Additionally, it is a best practice to review your estate every few years to make sure it still effectively carries out your wishes.

Should I Draft a Will or Create a Trust?

It is not an either-or question. Every adult should have a will. Beyond that, you may also benefit from setting up a trust. In certain circumstances, trusts are an effective and efficient estate planning tool. A Texas estate planning attorney can help you determine if a trust is the right option for you and your family.

How Much Does it Cost to Create an Estate Plan?

Estate planning does not have to be expensive. At The Cawlfield Law Firm, PLLC, we offer flat-fee estate planning services to individuals and families in Texas. We are committed to full transparency in our rates so that our clients know exactly what they are getting into. If you have specific questions about costs, please do not hesitate to call our law office.

How Do I Prepare for a Meeting with an Estate Planning Attorney?

Estate planning is not a one-size-fits-all service. A proper estate plan should be customized to carry out your goals and meet your unique needs. To prepare for an initial consultation with an estate planning lawyer, you should bring as much information as possible about your family, your finances, and your objectives. A lawyer’s job is to craft a plan that provides the maximum level of legal protection and helps you best achieve your goals.