Faithful Stewardship is primarily dedicated to meeting the estate planning needs of our clients. Our focus encompasses a comprehensive range of services, including Wills, Trusts, agency documentation, and directives for future developments. We also provide guidance to make decisions that work for you; every estate is unique and there are many countervailing issues involved, but we can give you the information that you need to make the right decisions.
Wills serve as a fundamental tool in preventing intestate succession. Despite their inherent limitations, they offer a vital alternative to relying solely on the Texas Estates Code for property distribution upon death. Without a will, assets may be distributed in ways contrary to the deceased's wishes, potentially even to the State of Texas through escheatment. Our approach ensures clarity and legality in will drafting, minimizing the risk of misinterpretation or legal complications during probate. While probate can entail time and expenses, we recommend accompanying all estate plans with a will to account for any overlooked assets. With independent administration in Texas, many clients will find the extra costs of a living trust not worth the effort to avoid probate.
Living trusts provide an efficient means to bypass probate, facilitating the seamless transfer of assets to the next generation upon death. Our firm can ensure proper asset conveyance into trusts, although clients should remain vigilant in updating us on any changes or acquisitions to maintain the trust's integrity. Complementing living trusts with a will can address any oversights, providing a comprehensive estate planning solution. Trusts can also be used for more complex situations involving estate taxes, asset protection, testator control of assets after death, and various other specific situations commonly referred to as "loopholes." Trusts can be contained in wills (testamentary trusts) or exist independently; most of our estate plans utilize trusts in some manner.
When you become incapacitated, you are unable to make decisions for yourself. The law provides for legal guardianship court proceedings as a default, which are costly, lengthy, and commonly cause family conflicts.
But we provide clear agency documentation and directives so that guardianship proceedings can be avoided in most cases. This allows clear directions from you on difficult decisions and provides for an agent to make those decisions without court intervention.
Faithful Stewardship is fully equipped and committed to assist clients in establishing new business entities. We manage all state and federal filings and draft essential legal documents that define organizational structure, delineate ownership interests, and implement effective dispute resolution mechanisms.
The firm also offers extensive contract services. This includes thorough contract review to provide insightful advice on modifications that align with client objectives, negotiating provisions with business partners, drafting transactional agreements, and creating forms for routine corporate procedures.
"He is the radiance of the glory of God and the exact imprint of his nature, and He upholds the universe by the word of His power. After making purification for sins, He sat down at the right hand of the Majesty on high."
Hebrews 1:3 (ESV)