We can discuss with you the legal means available to protect your income and assets, including the property you intend to leave to your heirs, from potential claims of creditors. This is an imperfect and uncertain world. This kind of specialized planning has become a priority for many people who want to protect their assets for their retirement or for future generations. The strategies that may be right for you include:
You do not want your child's spouse or other in-laws getting all or the part of your estate you intend to leave for the benefit your grandchildren. This can become a problem if your child has passed or if your child gets a divorce. A carefully worded trust, in your will or separately, will solve theses issues and eliminate these kinds of problems before they even arise. We address these situations in every trust we create for your children and grandchildren. A good trust can provide valuable asset protection so a grandchild's creditor or other people won't get your property. We usually provide a mechanism for extending the term of the trust for as long as having asset protection would be in your grandchild's best interest.
The Capelle Law Firm provides comprehensive estate planning services in Plano, Frisco, Collin County, Denton County and the Dallas area. Call 214-387-6040 now to schedule a complimentary, no obligation consultation