People often confuse estate planning with writing a will, and while the two may be related, estate planning typically covers a wider range of considerations. Working with legal counsel from KWC Law, an estate planning attorney can help you make arrangements for the entirety of your estate and address aspects not necessarily included or relevant for a will. For those that own and operate a business, estate planning can be extended to include any interests you hold in that business as well, allowing arrangements that address how your investments, taxes, and other matters should be handled.
KWC Law offers Woodlands estate planning attorney services for businesses and individuals that partially or fully own a business. When dealing with an entire estate, particularly one that holds any portion of interests in a business or contracts, there are many moving parts and aspects to put in order. KWC Law can offer legal counsel to work through this planning process to ensure that your affairs are sorted and situated.
An estate encompasses almost all legal possessions or investments attributed to a person in their life. Even for those that may not consider themselves in possession of an estate, things like cars, stocks, or other matter that legally belongs to an individual during life constitute an estate. While a will is a legal document that often focuses on the distribution of those assets upon death, estate planning is more about organizing and managing those assets during life to increase or preserve their value and transmittance after death.
KWC Law handles affairs for small businesses and contractors, which extends to estate planning services for business owners or contractors with interests in their company. In many ways, taking stock of your assets for estate planning is an opportunity not only to address how you’d like those assets to be handled in your absence, it also allows for time to reflect on various aspects of your business during life that you may wish to reorganize or redistribute in a more complex manner than a will accommodates.
Finally, estate planning is frequently used as a way to more thoroughly benefit loved ones, benefactors, wards, or business partners in your absence. While benefit doesn’t always fit the solemn nature of estate planning, it’s easier to think of it as leaving behind more for those you cared for after death. Estate planning can be a way to invest or arrange a business in such a way that it doesn’t require your presence to continue being successful, or transfers ownership and legal rights to other parties for the sake of continuation. Estate planning attorney services are essentially a broad array of legal considerations that can significantly impact those you leave behind.