Law Office of Randy Michel
College Station, TX
979-764-2435 or
Menu Contact
View Our Practice Areas

Setting objectives comes well before estate administration

When creating an estate plan, our Texas readers are tasked with the responsibility of setting objectives. With these in place, they can be assured that the estate administration process will be simple and straightforward for their loved ones.

No two couples have the same estate planning objectives. From your financial situation to your personal beliefs, there are many details that will impact how you approach this important situation.

Once you have a list of estate planning objectives, you can then go through this process to ensure that you are making all the right decisions.

One of the most common objectives is to provide for loved ones. In other words, you want your loved ones to be taken care of in the event that you pass away. This most often includes a surviving spouse and any children.

Going one step further, you may be concerned with the financial impact of estate administration. For this reason, you will want to make decisions that can help minimize taxes for your heirs. The taxes to take into consideration include state income tax, federal income tax, state estate tax and federal estate tax.

Creating an estate plan is not something that most people look forward to, but the majority understand that this can eliminate stress from their life while also ensuring the well-being of their family down the road. By setting objectives, regardless of what they may be, you can rest easy in knowing that the estate administration process is going to work out in the favor of your loved ones.

Source: Forbes, "Eight Common Estate Planning Objectives Of Married Couples" Lewis Saret, May. 13, 2014

No Comments

Leave a comment
Comment Information

Our Location

Law Office of Randy Michel
232 Southwest Parkway East
College Station, TX 77840

Phone: 979-314-2965
Phone: 979-764-2435
Fax: 979-764-2436
Map & Directions

EMAIL US FOR A RESPONSE

How Can We Help?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close