Reputable Lubbock Estate Planning Attorney Prepares Wills and Trusts

Caring Texas law firm helps clients select appropriate estate planning tools

Building a legacy takes a lifetime. But without thoughtful planning, everything you worked so hard for could be left to the discretion of state intestacy law. At Robert Reid McInvale, Attorney at Law, we help northwest Texas residents and property owners to establish estate plans that benefit the people and organizations they value most. Located in Lubbock and serving clients statewide since 1982, we are passionate about providing quality legal guidance to members of the community.

Northwest Texas counselor creates wills and trusts that meet your needs

Our office assists with the preparation of personalized estate planning instruments such as:

• Wills — A will provides clear instructions for how your money and property should be distributed when you pass away. It can also name a preferred guardian for your minor children. Establishing a will gives you the power to choose who inherits your assets, instead of having what you’ve earned dispersed based on the priorities set by the government.
• Revocable trusts — Assets moved into a trust do not have to go through probate if you want to pass them to loved ones upon your death. A revocable trust (sometimes called a “living trust”) can be changed by the owner/grantor at any time. You may put most of your assets into a trust and access those assets while you are alive. What remains will be passed to your designated beneficiaries when the time comes.
• Irrevocable trusts — Once an irrevocable trust is created, the grantor no longer has access to those assets. Likewise, the grantor cannot make changes to the terms of the trust. Irrevocable trusts have certain tax benefits and might be protected against actions from creditors.

Attorney McInvale provides a thorough and personalized explanation of the estate planning options available to every client.

Knowledgeable lawyer advises clients on navigating and avoiding probate

Probate is the process of proving a will’s legitimacy and executing its terms through the court system. We advise estate executors during probate, which involves accounting for all of the decedent’s debts and assets and distributing them appropriately. An executor has a fiduciary duty to the decedent’s chosen heirs, and so it is crucial that he or she carefully documents how all assets are handled.

The time and complications associated with probate inspire many people to seek methods to avoid the process. These can include establishing joint ownership of accounts, placing assets into a trust and shifting funds to life insurance policies or investments with contingent beneficiaries. Our firm is committed to providing the estate planning guidance you need to safeguard your finances and take care of your loved ones.

Contact a trusted Lubbock estate planning attorney to schedule your initial consultation

Robert Reid McInvale, Attorney at Law in Lubbock offers reliable estate planning advice to clients in northwest Texas. To schedule a consultation with a member of our team, call 833-884-3087 or contact us online.