Freedom Retirement & Estate Planning
Basic Estate Planning
ESTATE PLANNING DOESN'T HAVE TO BE COMPLICATED
Professionally crafted legal documents made simple. Select the plan that best protects your family, your legacy, and your assets.
LADY BIRD DEED
What Is It, And It's Benefits?
A Lady Bird Deed in Texas is one of the most powerful and flexible estate planning tools available to homeowners. Also known as an "enhanced" life estate deed, it is where the owner retains full ownership and control of property while they are alive. They can live on the property, sell it, and change or revoke the deed at any time. Lady Bird Deeds are useful in protecting real property from Medicaid Estate Recovery. Through MyFreedomREP.com you can have access to this valuable document that attorneys charge thousands of dollars for at a much more reasonable price.
What Happens If I Don't Use It?
Without a Lady Bird Deed (or similar transfer-on-death mechanism), your property will likely pass through probate, causing delays, legal fees, and exposure to Medicaid Estate Recovery (MERP). The home will be transferred according to your will or state intestacy laws, rather than automatically to a designated beneficiary.
WILL PACKAGE
What Is It, And It's Benefits?
A Will is a legal document that outlines your wishes for asset distribution, guardianship of minor children, it will designate who will be the executor (the person who will manage your estate) and more after your death. Having one can help guide the probate court so hopefully your wishes are followed and may alleviate potential conflicts among your heirs, however, Wills do have a chance to be contested by anyone for any reason. The Will Package normally includes the following: Last Will & Testament, Financial POA, Medical POA, Living Will, Lady Bird Deed, and HIPPA form. We add a Lady Bird Deed to our Will Package as a layer of asset protection for your home against Medicaid Estate Recovery (MERP).
What Happens If I Don't Use It?
If you die without a Will (intestate), state law dictates how your assets are distributed, prioritizing spouses and children, and a court-appointed administrator manages your estate. You lose control over asset distribution, and the probate process will take longer and cost more. If you have minor children, the court will appoint a guardian, which may not be the person you would have chosen. Estate assets will be frozen until the court appoints an administrator, potentially causing financial hardship for your family.
REVOCABLE LIVING TRUST PACKAGE
What Is It, And It's Benefits?
A Revocable Living Trust is a flexible estate planning tool that allows you to manage assets during your lifetime, bypass expensive and time-consuming probate court, and ensure privacy upon death. It provides a seamless transition for management if you become incapacitated and offers control over how assets are distributed to beneficiaries. It is typically comprised of the Revocable Living Trust, Certificate of Trust, Both Medical & Financial Powers of Attorney, Last Will & Testament, Living Will, The Lady Bird Deed, and HIPAA Form. We add a Lady Bird Deed to our Revocable Living Trust Package as a layer of asset protection for your home against Medicaid Estate Recovery (MERP).
What Happens If I Don't Use It?
Not using a Revocable Living Trust means your estate will likely pass through probate, a public, costly, and time-consuming court process. Consequences include loss of privacy, potential legal delays in asset distribution, higher administrative costs, and lack of a structured plan for managing assets if you become incapacitated. If you own real estate in multiple states, not having a trust can force your heirs to go through separate probate proceedings in each state. A trust provides a smooth transition of management if you become incapacitated; without it, your family might need to petition for a court-ordered guardianship or conservatorship. Getting a Revocable Living Trust through MyFreedomREP.com is a simple and affordable process that will save you from such headaches, get started below!
