While estate planning is probably one of the last things your teenage kids are thinking about, given the dire threat coronavirus represents, when they turn 18, it should be their (and your) number-one priority. Here’s why: At 18, they become legal adults in the eyes of the law, so you no longer have the authority […]
Read MoreIt is my pleasure to represent your family for the limited purpose of nominating healthcare agents who will care for you in the event of a disability. By signing this engagement letter, you are acknowledging that our firm is representing you only for the limited purpose of legally nominating healthcare agents and for no other purpose. If you engage our firm for any additional matters, a new engagement letter must be executed.
THE TEXAS DIRECTIVE TO PHYSICIAN AND FAMILY OR SURROGATES EXECUTED ON THIS DATE DOES NOT AVOID PROBATE, PROTECT YOUR CHILDREN’S INHERITANCE FROM THEIR CREDITORS OR PREDATORS, AND DOES NOT PROTECT YOUR ESTATE FROM ESTATE TAX.
You acknowledge that I have advised you on (and you understand) the following:
WITHOUT FURTHER PLANNING, YOUR ASSETS WILL PASS ACCORDING TO TEXAS LAW AND WILL BE FREELY AVAILABLE TO YOUR CHILDREN WHEN THEY TURN 18 YEARS OLD. UPON YOUR DEATH OR DISABILITY, ANY ASSETS TITLED IN YOUR NAME WILL BE PROBATED BEFORE THEY ARE AVAILABLE TO YOUR HEIRS. PROBATE COSTS MONEY, IS TIME INTENSIVE PROCESS AND COMPLETELY OPEN TO THE PUBLIC.
This engagement is limited strictly to legal services related to your Texas Directive to Physicians and Family or Surrogates to care for you in the event of your incapacitation or disability. It is understood that you are not relying on my office for estate planning, business, investment, accounting, or valuation decisions, and that before relying on us for any such advice, we will execute a new engagement letter.
If you are married or in a committed relationship and I am advising both you and your partner, by signing this engagement letter, you agree that you are waiving any conflicts that may exist now or in the future between the two of you.
DISPUTES
By this document, the client and this office agree that any controversy or claim arising out of or relating to this contract or breach thereof, including but not limited to any dispute relating to services provided, attorney fees or expenses, shall be settled by arbitration administered in accordance with the Texas Arbitration Act and judgment on the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof.