Personalized Estate Planning Services For All Families
Estate planning is an individualized process. You may be single, married, or may or may not have children. The one common denominator is that you care about the people in your life and want to make things as easy as possible for them if something happens to you.
The Mundheim Firm in Colleyville, Texas, has decades of experience in estate planning, guiding many different clients who have different backgrounds and needs in areas such as creation of wills and estates to naming powers of attorney and guardians. Here is a breakdown of client groups that we guide.
You have the primary responsibility for ensuring the well-being of your children. If something happens to you while they are minors, you want to ensure that you have made the decision about who cares for them. In the most ideal scenario, your child’s other parent would be suitable to take custody of your child if you cannot be there, but in many cases that is not possible.
No matter what the scenario, as a single parent you need to take the steps to document who you would want to raise your child, how you would want your child raised and how you want your assets handled for your child.
Married With Children
When you are married with children, estate planning may seem straightforward, but it really is not. There are many questions that must be answered to ensure your family stays out of court and out of conflict. And if you are in a second or third marriage situation with children from a prior marriage, it becomes even more difficult to keep the people you love out of conflict if you do not plan.
If you are in a second or third marriage and have children from a prior marriage, you must engage in estate planning that will keep the people you love out of conflict. No matter how close or friendly you think your new spouse and your children are, there is simply an unavoidable, inherent conflict between them upon your death.
Such a conflict can be mitigated, and you can ensure that the people you love most will each be well-taken care of with the most ease possible. It does take planning though, and we are well-trained and highly skilled in planning for the needs of blended families.
Life Partners With Or Without Children
Estate planning is most important for you when you are not married, but have a life partner. If you have children together, it is more important for you to get your estate planning handled right. The law does not protect your partner if you are not married. You must act to ensure that you will have access to your loved one’s hospital bedside and that your unmarried loved one will have access to you if you are hospitalized.
If you do not take action, it is likely that the person you love most could be blocked from being with you in an accident and denied the ability to make health care decisions for you. Without the protection of estate planning, the person you love could be thrown out of your house, ejected from your business or locked out of your finances. And if you have children together, they could even be taken out of your partner’s care.
People Without Children
If you do not have children, but you do have a spouse, partner or other loved ones, you want to ensure things are as easy for them if and when something happens to you. You want to pass on what you have worked so hard for to your loved ones. You want to choose who will receive what you have worked so hard to create, and ensure that your “chosen family” will be able to care for and love you if you are incapacitated.
Get A Free Phone Consultation Now
Your wealth is not measured by the dollars in your bank account, but also by the well-being of the people whom you love. The Mundheim Firm in Colleyville, Texas, does its best to help families of all types in estate planning. Please contact us online for a free initial 15-minute phone consultation or call 817-857-4433.