Wills and Trusts in El Paso: Protecting Your Family
Estate planning is very important and something everyone should do. You should speak with an attorney about wills and trusts in El Paso today in order to create a plan for your future. The experienced attorneys at Rios & Parada Law Firm, PLLC, can help you navigate through the process of what you need to do to ensure your family’s future. Creating a will is the simplest form of estate planning. When you create a will, you specify how your money and property will be distributed after you have passed on. Having a will means that your family will not need to fight over your possessions after your death, which means you can help to guarantee ongoing family harmony. Your will should also provide information on other things like who gets custody of minor children if you die before they have grown, or who should take care of your pets after you have passed on.
Depending on your assets, you may want to do more advanced estate planning. Knowing what exactly you need for wills and trusts in El Paso is important if you want to protect your assets from creditors, if you hope to avoid estate taxes, or if you want to make sure that the money is used for specific things after you are gone. A trust is a powerful tool that allows you to transfer ownership of your property and to keep possession of it. You can create different types of trusts including a trust to protect your assets in case you ever need to go on Medicaid to cover long-term care or in case you want to leave money to your kids to be used for a specific purpose like going to college.
You need to make informed choices about wills and trusts in El Paso, and an experienced estate planning lawyer at Rios and Parada can help. Call today to learn more.
1505 E Missouri Ave. El Paso, TX 79902 | 915.532.2333