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_______________________________________________________________ Wills
& Trusts
Austin Will
Lawyer Jason Coomer drafts Wills and helps families probate Wills after they
have lost a loved one. He probates Wills in Travis
County, Williamson County, Bexar County, and Hays County as
well as works with other lawyers across Texas including
Dallas County, Harris County, Fort Bend County, and Tarrant County.
For questions on Wills and Trusts, please
e-mail Austin Will Attorney Jason S. Coomer at
TexasWillLawyer@texaslawyers.com or use our contact form
The Law Offices of Jason S. Coomer. Austin
Will Lawyer, Jason Coomer works to draft Wills and Trusts to
protect the wishes and best interests of his clients.
What
Is a Will?
A Will is a
written legal declaration of a person's intentions which he
or she wants or wills to be performed after his or her
death. The Will makes dispositions of property, sets up
trusts, and establishes guardians upon a person's death.
Under Texas law a Will must identify the Testator, be
written with "testamentary intent", and be executed with
requisite testamentary formalities. It also requires that
the Testator have "testamentary capacity" including being of
sound mind.
A Will can
be straight forward and simple or very complex depending on
the estate and what the Testator wants to accomplish. In
drafting a Will a Texas lawyer will need to gather
information from the Testator including estate assets; the
names of beneficiaries, executors, trustees, &
representatives; and the goals of the Testator.
If you are
interested in a Will, it is probably best to contact an
attorney and pay a little bit to have things done
correctly. If you do not, a invalid Will can be thrown out
resulting in substantial legal costs, delays, and
unnecessary tax liability.
-Wills-
Simple Wills for married couple
- Every family should have
a will. You should appoint guardians for your children,
and may want to create a trust to hold your estate's
assets until your children are of legal age. Along with
each spouse's will, The Law Offices of Jason S. Coomer
can draft powers of attorney and other forms needed to
protect your assets and children as well as your health if you become
incapacitated.
Simple Will for single person -
If you are not married and
do not have children, it is a good idea to designate the beneficiaries
that you want to have your
property and sign a durable power of attorney and
medical power of attorney to protect you in case of
incapacity. Texas law will not make distributions to
friends and significant others if you are not married,
and if no preplanning is done you may be surprised who
makes decisions for you.
Wills and bypass trust - If your estate
exceeds $1 million the taxes that your estate will pay
can be greatly reduced if you and your spouse have
created a bypass trust. The
Law Offices of Jason S. Coomer, P.L.L.C. can
draft a trust to fit you and your families specific
needs. Remember, the amount of protected estate
proceed changes from year to year and if you do not plan
accordingly, your estate can be subject to an
approximately 50% tax. This can be devastating for
family businesses and greatly disappoint beneficiaries.
-Living Trusts-
Living trust with bypass trust provisions and pourover
wills -
Along
with saving time and money a living trust can eliminate
the need to have a public court hearing, thus protecting
your privacy. Furthermore a living trust will assist in
the management of your assets if you become disabled,
and deter possible heirs from challenging your estate
plan.
-Estate
Planning-
Life insurance trust -
In most cases life insurance is exempt from income tax
but it is included in the taxes that your estate will
pay. A life insurance trust can save your estate and
it's heirs time and money after your death.
Residence trust - This type of trust can
help save on the estate taxes that would be paid on the
value of your home.
Austin
Will Lawyer, Jason Coomer works to draft Wills and
Trusts to protect the wishes and best interests of his
clients. For questions on Wills and Trusts, please
e-mail Austin Will Attorney Jason S. Coomer at
jason@texaslawyers.com or use our contact form
The Law Offices of Jason S. Coomer.
        
The Law Offices of Jason S.
Coomer, PLLC
406 Sterzing, Second Floor
Austin, Texas 78704
(512) 474-1477
jason@texaslawyers.com
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