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Why Wills & Trusts Are Necessary For Everyone

  • Wills & Trusts – The primary goal of estate planning is to protect your family
    Most people are familiar with a Last Will and Testament. This legal document ensures that the Testator, the party creating the Last Will and Testament, can leave their property to their loved ones how they see fit. It is a legal tool used for protection in the event of death. Everyone, regardless of whether they are young or elderly, should have a Last Will and Testament.When a person fails to execute this necessary legal document, chaos is often left behind.

    Living Revocable Trusts are equally important, to protect the family that is left behind after a loved one passes. When prepared by a Haugen Law Firm attorney, this document provides safety, peace of mind, and security. Preparing for death is necessary element of life, and the Haugen Law Firm can provided skilled representation while meeting the goals of each client. Our firm believes in providing guidance through the complex process of estate planning by safeguarding estates from improper handling in the future.

  1. Powers of Attorney – Strategic planning results in peace of mind
    While there are many different types of Powers of Attorney, among the most important are the Statutory Durable Power of Attorney and Medical Power of Attorney. These legal documents allow a loved one to make financial and medical decisions on your behalf, should you be unable to do so. For example, if tragedy were to strike, you would have already selected who may continue to manage your financial and medical affairs. It is important to understand that these documents are only used in the event of legal incapacity. You will continue to manage your financial and medical decisions until a medical doctor verifies that incapacity.

    According to the Texas Probate Code, section 601(14), an incapacitated person is any of the following:

    1. A minor;

    2. An adult who is unable to provide for his or her own food, clothing, physical health, financial affairs, or sheltering needs because of a physical or mental condition; or

    3. A person who must have a guardian appointed in order to receive funds from a state or federal government source.

Developing a full estate plan includes planning for possible incapacity in the future. You will be able to decide, while fully competent, which loved one is best suited to manage your financial and medical decisions. Failure to properly plan may result in the Texas Courts deciding on your behalf.

Haugen Law Firm, P.C. is dedicated to the individual needs of each client and focuses on preparation. Probate law requires preparation and is best handled by a detail-oriented lawyer like attorney John Haugen. Speak with us today by filling out our case evaluation form to set up an appointment.

Retain a Lawyer from Haugen Law Firm

Planning for death is never easy. Protecting your loved ones, however, is a no-brainer. For that reason, everyone, regardless of age, needs to develop a complete estate plan. Before a loved one passes away, it is important to hire an attorney well-versed in estate planning to help you navigate the many legal hurdles that you may face. At Haugen Law Firm, P.C., we have considerable experience working with people going through this difficult process and will provide you with the legal services you need. Our estate planning attorneys can help you prepare for the future by planning your own estate ahead of time so that the probate process is much simpler for your loved ones after you’ve passed on.

The firm is led by Attorney John Haugen, a West Point graduate and former army captain who understands the role that preparation and strategy play in the success of any endeavor. Retain a lawyer from the firm today to help you get everything in order so that you can have peace of mind about the future. Contact the firm today!

We serve clients all across Texas, including Denton County, Flower Mound, and Lewisville. Contact us at (972) 436-8750 to speak with an experienced attorney today.

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