We work with you to provide a wide variety of estate planning and administration options, including:
- Living Wills
- Irrevocable Trusts
- Marital Trusts
- Medical Powers of Attorney
- Financial and General Powers of Attorney
- Estate Trusts
- Life Insurance Trusts
- Family Partnerships
- Wealth Transfer and Succession Planning Services
WEALTH TRANSFER AND SUCCESSION PLANNING SERVICES
With the ever-changing status of federal transfer tax laws, HWA works closely with you to design and implement wealth transfer and succession plans which minimize gift, estate, and other transfer taxes. This includes the preparation of customized wills and trust agreements to meet each client’s specific needs. Additionally, we assist clients in coordinating their various compensation and benefit plans with their overall wealth transfer and succession planning.
We also work with clients in planning for disability, providing for cost-effective asset management upon incapacity or infirmity. Additionally, we help individuals develop plans to preserve assets in the event of divorce or creditor claims. We can assist in establishing a family legacy, including family foundations, family limited partnerships, and other family-owned entities. We also work with clients in carrying out lifetime and testamentary charitable giving, while taking advantage of strategies to minimize taxation.
BUSINESS SUCCESSION PLANNING
HWA works with business owners to develop asset transfer and succession plans which minimize income and transfer taxes. Some of our services include, development of complex agreements to ensure continuity of operations and equitable transfers of power and value, all with an eye towards business preservation and a smooth transfer of the business between generations.
ESTATE AND TRUST ADMINISTRATION
HWA represents executors and trustees in the administration of estates and trusts, including working with fiduciaries in gathering and distributing assets.
Texas has notoriously rigorous requirements for a creditor to collect on claims it has against a decedent’s estate in certain types of estate administrations. The failure to comply with the very rigid Texas probate claims rules can often leave a creditor with no recovery at all. Our depth of experience with mortgage default services, bankruptcy and other creditor representation has given us extensive experience in creditor probate scenarios.