The Planner Alert
- Last Will of Michael Jackson. Click here
to view.
Practicing Exclusively Estate Planning, Probate,
Medicaid Planning, and Estate Administration.
Please read through our web
site to learn more about estate planning, Medicaid
planning, asset protection, and business succession.
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| Choosing a
firm to guide and advise you in estate planning is one of
the most important tasks you will do for yourself and your
family. Experience and trust are just some of the factors
to consider when choosing an estate planning attorney. At
the Greening Law Firm, P.C. we stand ready to help you with
all aspects of estate planning and administration including
trusts, wills, probate, business succession, family limited
partnerships, asset protection, elder law, Medicaid planning,
and pet trusts.
Contact our office to set up
a complimentary initial
consultation. Together we can plan for a secure tomorrow.
Click here
to view our calendar page.
Serving Austin, Georgetown, Bee Caves, Lakeway, Lake Travis,
Round Rock, Cedar Park, Pflugerville, Temple, Hutto, Leander,
Manor, Dripping Springs, Blanco, Wimberly, San Marcos, Bastrop,
Elgin, Westlake and Central Texas. more
info...
Estate Planning
Earning money and spending it are two great
pleasures of life. Deciding who gets it when you are gone
is a task most people would rather ignore.
In fact, only 30% of American adults have taken the time to
plan their estates. Unfortunately, many of those who have
are led to believe that a simple will is all they need.
Estate planning is made up of four areas: accumulating assets
(earnings) and preserving assets (from predators), managing
assets upon a disability, and distributing assets when you
die. Although it may sound simple, there are challenges that
may prevent your estate from being managed and distributed
according to your wishes. These challenges can be broken down
into three categories: probate, death taxes, and guardianship.
Learn more about estate
planning.
Probate
Probate is a legal procedure in which the probate
court assumes jurisdiction over the assets of someone who
has died. The court can supervise the payment of debts, taxes,
and probate fees, then supervise the distribution of the remainder
to the persons named in a will or to the heirs if there is
no will. Learn more about our Austin
probate lawyer service to learn more about probate.
Medicaid Planning
Upon qualification, Medicaid will pay for long-term
care in a nursing home and Medicaid-approved, necessary prescription
medications. Unfortunately, the overwhelming majority of nursing
home residents enter a facility on a private basis and only
later turn to the Medicaid program for coverage. In this way,
many spend themselves into abject poverty even though, through
appropriate planning, they could have qualified for Medicaid
sooner and preserved their assets for themselves and their
families. Learn more about Austin
Medicaid planning.
Estate Administration
If a decedent had a properly drafted and funded
trust, probate is generally
not required. The successor trustee nonetheless must take
steps to administer the trust. Beneficiaries must be
contacted and kept informed; the trust-maker's assets gathered
and invested; any debts paid; potential creditors
notified; taxes filed and paid assets and/or income distributed
in conformity with trust provisions to beneficiaries, etc.
Successor trustees often lack the time, resources or knowledge
to personally administer the trust, and therefore may call
upon legal, accounting and investment professionals for
assistance. Our estate planning lawyers can help successor
trustee(s) deal with the complexities of trust administration.
Learn more about Estate Administration.
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