Austin Estates and Trusts Attorney

Planning your financial future

Clear communication helps minimize your loved ones’ stress in the event of your death or disability. However, verbally telling your family members how to manage your assets isn’t enough. Insufficient or nonexistent estate plans can result in a judge deciding how your assets should be divided, the results of which may or may not align with your preferences.

Take control of your legacy—and protect the loved ones you’re leaving it to. Take a proactive approach to financial planning by contacting an Austin estates and trusts attorney today.

At Shann M. Chaudhry Esq, Attorney at Law PLLC, our goal is to protect what matters most to you. We take a client-first, service-oriented approach to estate planning and probate. 

By listening to your concerns, our compassionate Austin trust and estate attorneys creatively tailor a comprehensive plan to your wants and priorities.

Contact us to learn more and schedule a consultation.

What is an Estate Plan?

Making an estate plan is about more than writing your will. (Although that’s a great place to start!)

Estate plans consist of a variety of legal documents, and they cover more than just the division of your assets after death. They can reduce or eliminate taxes, prevent your assets from getting delayed in probate, and provide medical and financial guidance to your loved ones in case you are incapacitated.  

Your estate plan may use special needs trusts, revocable living trusts, charitable trusts, and other accounts to accomplish these goals.

The Importance of Planning Ahead

Avoiding planning for the future doesn’t keep it from arriving. Your family may grow and change over the years, altering how you wish to share your legacy. You may acquire new assets through work, inheritance, or unexpected opportunities.

As you age, you may need specialized healthcare or assistance managing your assets. When you pass away, someone you trust will need to manage the assets you’ve acquired throughout your life.

Considering the potential changes in your life now will help you adapt to them later. Proactively documenting your financial, healthcare, and caregiving desires spares your family the conflict that comes with having to do guesswork later on—and protects your legacy, too.

Estate Planning Services

Planning your estate goes beyond designating beneficiaries for your bank accounts and transferring your home.

As part of the process, you’ll decide who should manage your assets, how your beneficiaries should be cared for, and how to hand down your wealth to future generations. You’ll need to consider long-term financial goals such as retirement, too.

Estate planning isn’t a “one-and-done” scenario. Choosing an attorney, however, should be. Your Austin estates and trusts attorney should be there for you to adjust your plan as your family grows or your preferences evolve over the years.

If you have questions about estate planning and probate, contact our offices to schedule a consultation. We’re here to help!

Asset Protection

Creditors, lawsuits, and tax burdens threaten the legacy you hope to leave behind. Our attorneys can help you predict potential risks and choose the most appropriate course of action to preserve your financial stability.

A variety of asset protection strategies could be at your disposal, including: 

  • Anonymous trusts 
  • Anonymous limited liability corporations (LLCs) 
  • Domestic asset protection trusts (self-titled trusts)

The sooner you start your estate plan, the better. Contact the law firm of Shann M. Chaudhry Esq., Attorney at Law PLLC in Austin today.

Under the law, every person has a lifetime gift and estate tax limit, and gifts from your estate that exceed the limit will be taxed at 40%. Without proper planning, this can hinder your estate goals. 

Our attorneys have an in-depth knowledge of this practice area and can help you maximize the impact of the legacy you’ll leave.

Multigenerational Wealth

Whether you’ve inherited it or generated it, you want your money to be well-stewarded.

Multigenerational wealth planning takes a “big picture” approach to the long-term management of your estate. In addition to bringing clarity to how your estate should be preserved for future beneficiaries, multigenerational wealth planning supports your future by helping you:

  • Plan for long-term care or other medical costs 
  • Minimize or avoid tax penalties for IRA withdrawals 
  • Fortify your retirement against the effects of inflation 
  • Address special concerns such as business succession

An Austin estates and trusts attorney can help you assess the risks to your wealth and identify the most prudent courses of action to preserve the longevity of your assets and ensure your family members are financially supported for years to come.

Don’t let excessive taxes, concerns about healthcare costs, and other challenges prevent you from making the most of your retirement. Avoid costly mistakes by partnering with our law firm to develop a retirement plan that accounts for your healthcare needs, goals, and passions.

Our attorneys have an in-depth knowledge of this practice area and can help you maximize the impact of the legacy you’ll leave.

The law firm of Shann M. Chaudhry Esq., Attorney at Law PLLC, helps you take control of your retirement.

Our attorneys work with your financial planner to ensure that the documentation, planning, and structure of your estate are financially sound and aligned with Austin’s legal standards. If circumstances shift, we’re willing and available to update your plan as needed.

Many people find fulfillment in donating to charitable causes. However, many are unaware of its potential to help them increase their own income, save on capital gains, and avoid cumbersome taxes. In addition to keeping your charitable gifts tax-efficient, we strive to maximize their value so your donations make a lasting difference.

Estate and Trust Administration Services

A lawyer’s role in estate planning doesn’t end with your death. You should be able to rely on your Austin estates and trusts attorney to act as your family’s guide in navigating the laws governing trust administration and securing their defined benefits.

We have years of experience walking families through probate and are able to serve as trustees and administrators for lifetime trusts. When necessary, we can help your loved ones with the process of:

Cataloging estate assets

Identifying beneficiaries and notifying creditors

Resolving disputes over your will

Distributing the assets according to your wishes

Contact us to learn more and schedule a consultation in Austin.

Work With an Experienced Austin Estates and Trusts Attorney

We recognize that estate planning requires a lasting, trusting attorney-client relationship. 

By holding space to hear your needs and goals, we’re better equipped to advocate for your plans for the future. We put service first and truly listen to your goals to come up with a practical, impactful plan for your assets.

The estate planning process can feel complex, but our down-to-earth attorneys prioritize communication so you and your loved ones always know what to expect. When questions arise, we respond promptly to make the process as smooth and stress-free as possible.

Our team is here to help. To learn more about estate planning and probate, contact our offices to schedule a consultation.