Estate planning can be a complex process for anyone, but it becomes even more critical for high-net-worth individuals. With substantial assets and multiple sources of income, it is essential to ensure that everything is in order so you can protect your wealth and pass it on to future generations.
An experienced Houston estate planning attorney can guide you through the ins and outs of high-net-worth estate planning, including the benefits, key considerations, and strategies you can use to protect your assets.
Generally, high-net-worth individuals in Houston have assets and income exceeding $1 million or more. However, this status also depends on factors such as the cost of living and lifestyle.
It is essential to work with an experienced estate planning attorney in Houston who can help you evaluate your specific circumstances and determine the best strategies to protect and manage your wealth.
Estate planning offers several benefits to individuals with a high net worth:
High-net-worth estate planning involves several unique considerations, including:
Several common strategies can be used in high-net-worth estate planning to achieve your goals:
High-net-worth estate planning is a critical process for anyone with significant assets and income. By employing specific estate planning tools, you can ensure your wealth is used according to your wishes.
Working with an experienced estate planning attorney and exploring unique considerations and strategies involved in high-net-worth estate planning is essential. Contact us today at Your Legacy Legal Care, and we’ll review your estate to determine the best strategy for your needs and wishes.
Kimberly Hegwood is the Managing Attorney of Your Legacy Legal Care, a Houston estate planning law firm. With more than 25 years of experience practicing law in Texas, she represents clients in a wide range of legal matters, including elder law, asset protection, estate planning, Medicaid crisis planning, probate, guardianship, and other estate planning practice areas.
Kimberly received her Juris Doctor from the South Texas College of Law and is a member of the State Bar of Texas.
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