Estate planning is an incredibly broad area of law that spans nearly every aspect of life. Whether you are concerned about protecting yourself and your personal dignity, the financial well-being of your loved ones, or your hard-earned assets, a customized estate plan can effectively address your needs. At McCulloch & Miller, PLLC, we’ve assembled a dedicated team of Houston estate planning lawyers to help our clients confront the myriad issues they face through every stage of life. Some of the services we provide include the following:Fundamental Estate Planning
At its core, estate planning focuses on preserving wealth, providing security, and protecting personal dignity. There are many legal strategies involved in estate planning, including wills, revocable living trusts, irrevocable trusts, durable powers of attorney, medical powers of attorney and other health care documents.
Elder law is another aspect of estate planning, focusing primarily on the needs of families and individuals as they age. Issues of aging include: securing senior housing and accommodations; identifying, accessing and paying for quality care; identifying the need for long-term (or nursing home) care; creating guardianships and health care documents and applying for Medicare, Medicaid or Veterans Benefits funding.
The federal government provides unique benefits to veterans as they enter a period of life where they need additional services. Through the VA Aid and Attendance or Housebound benefits programs, former service members can receive additional monthly benefit payments to help them remain in their home with a caretaker’s help or pay for long-term care in a nursing home or assisted living facility.
Locating quality care on short notice can be a challenge. And finding a way to pay for the cost of this care can quickly become overwhelming. At McCulloch & Miller, PLLC, we can review all of your care options and discuss the wide range of financing alternatives that may be available.
Probate is the legal process an estate must go through before a court permits any distribution of assets. As a general rule, all assets contained in a will must go through the Texas probate process. However, families can reduce the amount of an estate that must go through probate by creating a trust or implementing other probate-avoidance strategies.
We encourage and assist the tradition of giving to charitable causes, including the employment of tax-advantaged strategies that can maximize the value of your gift. We help clients make charitable gifts and practice good stewardship in a tax-efficient manner.
Special needs planning focuses on providing for the unique needs of loved ones who live with disabilities when family members can no longer care for them or advocate on their behalf. While special needs estate planning is a very broad area, one of the major concerns special needs planning attorneys address is arranging for the continued financial support of a child with special needs without interrupting or jeopardizing their eligibility for government assistance, such as Social Security or Medicaid benefits.
Landlords should consider creating a specific and comprehensive estate plan to safeguard their investment properties and future income. With McCulloch & Miller, PLLC, investors can be sure they identify all their options for preserving and maintaining their rental properties and protecting their personal liability.
At McCulloch & Miller, PLLC, we believe family-owned businesses are the backbone of the American economy. According to the most recent data, family businesses generate 57 percent of the U.S. Gross National Product. However, small and family-owned businesses face unique challenges when transferring ownership to the next generation. At McCulloch & Miller, PLLC, we can advise you on all your options and work with you to create a business succession plan that takes all contingencies into account.
Asset protection planning involves being proactive to develop a plan that will protect you, your business, and your hard-earned assets from significant and unanticipated losses due to lawsuits, creditors or bankruptcies. Our attorneys have a firm grasp on a wide range of asset protection tools that will provide you with much-needed peace of mind throughout your career and retirement.
Estate planning is not a one-size-fits-all endeavor, regardless of your age or income. At McCulloch & Miller, PLLC, our Houston estate planning lawyers have more than 50 years of combined experience helping Texans devise effective plans for their future—as well as for the future of coming generations. Whether you have specific needs in mind or just want to know more about your estate planning options, McCulloch & Miller, PLLC can help. To learn more about the services we provide, and to schedule a consultation with a Houston estate planning attorney, call 713-333-8900 today. You can also reach us through our online contact form.