There are different aspects of a person’s assets and affairs that are considered during estate planning. Some of these key aspects include: 

1. Wills: Wills are very crucial in an individual’s management of their affairs. It is a legal document that outlines how a person’s assets and possessions will be distributed after their death. It allows you to specify beneficiaries, appoint an executor to administer the estate, designate guardians for minor children, and make other important decisions.
   
   
2. Trusts: These are legal instruments through which an individual (the grantor or settlor) transfers assets to a trustee to hold and manage on behalf of designated beneficiaries.
   
   
3. Power of Attorney: This can be very useful in the case of an individual’s incapacitation although is not only used in this instance. A power of attorney is a legal document that grants someone else (the agent or attorney-in-fact) the authority to act on behalf of the individual, usually in financial or legal matters.
   
   
4. Business Succession Planning: For entrepreneurs and small business owners, there are some additional considerations beyond the basic estate plan. An entrepreneur should consider creating a succession plan, buy-sell agreements if there are multiple partners, continuity plan for your business in the case you are suddenly absent. For this, you need an Estate Planning Lawyer to work with you.

How Can We Help?

Most people consider Estate Planning as only an end-of-life planning. However, an Estate Plan helps you plan for yourself, your children, and your loved ones. It not only provides directions for your family about your preferences, if done right it helps your plan for your future offspring. At Abii Legal, we understand the importance of planning for the future and ensuring that your wishes are carried out. Our experienced team of estate planning attorneys in Houston is dedicated to helping individuals and families create comprehensive estate plans that provide peace of mind and protect their legacies.

We focus on providing various estate planning services such as Last Will and Testament drafting, Trusts, Powers of Attorney, Probate and Estate Administration, and Estate Tax Planning.

Protect your legacy today! Schedule a consultation with our Houston office today to discuss your estate planning needs.