Best Private Client Lawyers in Austin

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BALCH & BINGHAM LLP
Austin, United States

Founded in 1922
439 people in their team
English
Balch & Bingham LLP is a corporate law firm with more than 230 attorneys across offices in Birmingham and Montgomery, Alabama; Jacksonville, Florida; Atlanta, Georgia; Gulfport and Jackson, Mississippi; Houston, Texas and Washington, D.C. We are recognized for our deep experience serving...
Perkins Coie LLP
Austin, United States

Founded in 1912
2,875 people in their team
English
Perkins Coie is a leading international law firm that is known for providing high value, strategic solutions and extraordinary client service on matters vital to our clients' success. With more than 1,200 attorneys in offices across the United States and Asia, we provide a full array of corporate,...
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About Private Client Law in Austin, United States

Private Client law in Austin, Texas, focuses on assisting individuals and families with personal legal matters. This area of law typically covers estate planning, wills, trusts, probate, tax planning, charitable giving, guardianship, incapacity planning, and the administration of estates and trusts. Attorneys specializing in Private Client law provide personalized guidance that considers each client’s unique circumstances, helping them to protect their assets and ensure their wishes are carried out. Austin's legal market includes many seasoned Private Client lawyers who understand both Texas state law and the local preferences of the city’s diverse population.

Why You May Need a Lawyer

There are several common situations where you may benefit from consulting a Private Client lawyer in Austin:

  • Creating or updating a will or trust
  • Planning distribution of your assets and minimizing tax burdens
  • Naming guardians for minor children or incapacitated adults
  • Appointing powers of attorney and healthcare proxies
  • Probating an estate and distributing assets after someone’s death
  • Handling inheritance disputes or contesting a will
  • Planning for business succession for privately held businesses
  • Navigating complicated family situations such as blended families or non-traditional partnerships
  • Engaging in charitable giving and philanthropy
  • Dealing with incapacitation or long-term care planning

Professional legal advice can help avoid costly mistakes, unnecessary tax liabilities, and family conflicts down the line.

Local Laws Overview

Private Client matters in Austin are subject to Texas state law, with some local considerations. Key legal aspects include:

  • Wills and Trusts: Texas law sets out specific requirements for valid wills and recognizes several types of trusts. Failure to follow these rules can lead to probate complications.
  • Probate: The probate process in Austin is overseen by the Travis County Probate Court. Texas offers streamlined processes for certain small estates and independent administration options, which can simplify matters for executors.
  • Homestead Protections: Texas offers robust homestead protections that impact estate administration and asset distribution.
  • Community Property: Texas is a community property state, meaning most property acquired during marriage is jointly owned. This affects asset distribution if someone dies without a will or in divorce situations.
  • Guardianships: Texas courts can appoint guardians for minors or incapacitated adults, with strict oversight and periodic reporting requirements for guardians.
  • Taxation: Texas does not have a state inheritance or estate tax, but federal estate tax may apply to larger estates.

Local Austin courts and legal practitioners are accustomed to handling these matters and can offer guidance tailored to city and county practices.

Frequently Asked Questions

What is the difference between a will and a trust?

A will is a legal document that sets out how your assets will be distributed after your death, while a trust is a legal arrangement that allows a third party, or trustee, to hold assets on behalf of beneficiaries. Trusts can be used to avoid probate and may offer tax or privacy benefits.

Do I need a lawyer to write a will in Austin?

While it is legally possible to write your own will, working with a lawyer ensures your will meets all requirements under Texas law. Mistakes in do-it-yourself wills can lead to probate challenges and unintended outcomes.

How does probate work in Texas?

Probate is the court-supervised process of validating a will, paying debts, and distributing assets. In Austin, probate matters are handled by the Travis County Probate Court. Texas allows for independent administration, which can make the process easier and less costly under certain circumstances.

What happens if someone dies without a will in Texas?

If someone dies without a valid will, Texas intestacy laws determine how their assets are distributed. In most cases, property goes to the deceased’s nearest relatives, but blended families and other situations can be complicated.

Are trusts only for the wealthy?

No, trusts can benefit people with various asset levels. They are useful for managing assets for minors, avoiding probate, protecting privacy, and handling special family circumstances.

What is community property, and how does it affect my estate?

In Texas, most assets acquired during marriage are community property owned equally by both spouses. This can impact estate planning, especially if you have children from a prior marriage or wish to make specific gifts.

Can I change my will or trust after it is created?

Yes, wills and most revocable trusts can be amended as long as you are mentally competent to do so. Making major life changes or family changes is a good time to review your estate plan with a lawyer.

Who needs a power of attorney?

Everyone should consider appointing a power of attorney, which gives a trusted person authority to manage your financial or healthcare decisions if you become incapacitated.

How can I avoid family disputes over my estate?

A clear, updated estate plan created with legal advice minimizes confusion and can help reduce the risk of family disputes. Open communication and explaining your decisions to your loved ones can also help.

What are the steps after a loved one dies in Austin?

Gather important documents, contact a probate or estate attorney, notify relevant parties, and begin the probate process if needed. An attorney can guide you through local court requirements and help ensure all debts, taxes, and distributions are handled properly.

Additional Resources

If you need more information or assistance, the following resources may help:

  • Travis County Probate Court - Handles probate, guardianship, and related matters in Austin
  • State Bar of Texas - Offers lawyer referrals and educational resources
  • Texas Department of Aging and Disability Services - Information on elder law, guardianship, and long-term care planning
  • Legal Aid of Northwest Texas - Provides assistance for those who qualify based on income
  • AARP Texas - Offers guides on estate planning, caregiving, and elders’ rights
  • Texas Law Help - A public resource for legal forms and up-to-date information on family and estates law

Next Steps

If you believe you need legal assistance with a Private Client matter in Austin, consider the following steps:

  • Identify your needs, such as estate planning, probate, or drafting a specific document
  • Gather all relevant documents and information about your family, assets, and wishes
  • Research and contact Private Client attorneys who are licensed in Texas and experienced in local practice
  • Schedule an initial consultation to discuss your situation and understand your options
  • Ask about fees, timelines, and required paperwork before moving forward
  • Stay involved in the planning process, update your plan as needed, and communicate your wishes to your loved ones

Taking these steps can help ensure your interests are protected, your loved ones are provided for, and your wishes are respected under Texas law.

Lawzana helps you find the best lawyers and law firms in Austin through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Private Client, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Austin, United States - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.