A power of attorney is a legal document whereby one individual grants another individual the right to take specific actions on his or her behalf. Persons commonly create a power of attorney to enable someone that they trust to handle their affairs should they become disabled or incapacitated.
A knowledgeable family attorney can help you understand the legal requirements for a power of attorney and ensure that your document complies with Texas laws.
Avoiding Unnecessary Probate Administration
Because the property held in trust is legally considered to be the legal property of the trustee, such property generally isn’t part of your estate and therefore is not administered during probate. However, the trustee’s right to use trust property is restricted to ways that benefit the beneficiaries.
We can utilize the following tools to avoid probate:
- Joint tenancies
- Life insurance policies
- Community property with right of survivorship
- Probate substitutes
For Full-Service Support, Consult with Our Killeen Estate Planning Lawyers
To learn more about the benefits of wills, trusts, and powers of attorney, contact the Law Office of Nancy Perry Eaton, PLLC. When you turn to Nancy for help with your estate plan in Bell County, she can treat you like her own family.
Dial (254) 221-8588 now to schedule a consultation with a skilled estate planning lawyer in Killeen.