Wills & Trusts

Planning for the future is something many people put off until it’s too late. Yet, taking time to create a comprehensive estate plan ensures your assets are protected, your wishes are followed, and your family is taken care of after you’re gone. Whether you’re thinking about drafting a Will, setting up a Trust, or both, Estate Planning gives you peace of mind that your loved ones will be safeguarded from unnecessary legal headaches and expense.

Why You Need a Will

A Will is a fundamental part of any estate plan. Without one, your assets are distributed according to Texas law, which may not align with your wishes. A well-crafted Will:

• Ensures your property is passed on to the beneficiaries you choose.
• Names guardians for your minor children.
• Minimizes the chance of disputes between family members.
• Reduces legal costs and delays in the probate process.

By preparing a Will, you can protect your family from the stress of legal uncertainties and ensure that your estate is handled exactly the way you envision.

Benefits of a Trust

While a Will distributes your assets after you pass away, a Trust can provide added flexibility and control. Trusts allow you to:

• Manage how and when your beneficiaries receive their inheritance.
• Protect your estate from probate, making the process faster and more private.
• Potentially reduce estate and gift taxes.
• Provide for beneficiaries with special needs or those who may not be ready to handle large sums of money.

At Springer & Lyle, we help you understand the different types of Trusts available—whether it’s a Living Trust, Revocable Trust, or Irrevocable Trust—and determine which is the best fit for your circumstances.

Powers of Attorney and Medical Directives

Estate planning isn’t just about what happens after you’re gone; it’s also about ensuring your affairs are handled during your lifetime if you become incapacitated. In addition to Wills and Trusts, you should also have a power of attorney and medical directives in place. These documents allow trusted individuals to make financial or healthcare decisions on your behalf if you’re unable to do so.

• Durable Power of Attorney: Appoints someone to handle financial matters if you are unable to manage them yourself or, just want help with the management.
• Medical Power of Attorney: Allows someone to make healthcare decisions on your behalf in the event you are incapacitated.
• Living Will a/k/a Directive to Physicians: Outlines your preferences for end-of-life medical care, ensuring your wishes are respected.

Tailored Estate Planning

At Springer & Lyle, we don’t believe in one-size-fits-all Estate Planning. Your situation is unique, and your Estate Plan should reflect your personal goals, family dynamics, and financial circumstances. We work closely with you to create a plan that meets your specific needs. For many clients, we offer flat fee packages that include consultations, document preparation and, the signing of your Will. We can also coordinate with tax advisors or financial professionals if your estate has more complex elements.

Contact Springer & Lyle

Don’t wait until it’s too late to plan for your future. The attorneys at Springer & Lyle are ready to help you navigate the complexities of Wills, Trusts, and Estate Planning to protect your family and your legacy. Call us today at 940-387-0404 to schedule a consultation.