360NetWorth, Inc.  ·  Education

Estate Planning Observations

An estate plan can be the difference between your family receiving what you built and watching it disappear to probate courts, taxes, and family disputes. These articles share what David Disraeli has observed over 40 years in financial services.

Not legal advice. I am not an attorney, and 360NetWorth, Inc. does not provide legal services or prepare legal documents. What follows reflects what I have observed over a 40-year career in financial services. My observations are general education, not advice about your situation. For legal advice or legal documents, consult a licensed attorney. — David Disraeli

What Goes Into a Complete Estate Plan?

Most people think estate planning means writing a will. In my experience a will alone is often one of the least effective ways to transfer assets — it requires probate, becomes public record, and can take 6–12 months before a family sees a dollar.

The complete plans I have seen over the years commonly include documents like these, prepared by the client's attorney:

Revocable Living Trust

Holds your assets, avoids probate entirely, transfers immediately at death. The foundation of any serious estate plan.

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Pour-Over Will

A companion to your trust that captures any assets not yet transferred, directing them into the trust at death.

Durable Power of Attorney

Designates who manages your financial affairs if you become incapacitated. Without one, your family may need a court order.

Medical Power of Attorney

Names who makes healthcare decisions on your behalf. Critical in a medical emergency.

HIPAA Authorization

Allows named individuals to receive your medical information from healthcare providers.

Special Needs Trust

Protects a disabled beneficiary's government benefits while providing supplemental support from your estate.

Why Estate Planning Is Not Just for the Wealthy

If you own a home, have children, or have any assets at all — you need an estate plan. Without one, Texas law decides who gets your property, who raises your children, and who manages your affairs. That default outcome is rarely what you would have chosen.

Common situations where the absence of an estate plan causes serious harm:

Read: Estate Planning Is for the Living →

Estate Planning Topics

Living Trusts

The most effective tool for avoiding probate and keeping your estate private.

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Thinking Through an Estate Plan

An overview of the pieces I see in most estate plans and the questions worth asking before you meet with an attorney.

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Dealing with Minors

Special considerations for parents — guardianship, custodial accounts, and trusts for children.

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How to Disinherit Family

Legally protecting your estate from estranged relatives or unwanted heirs.

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Estate Planning Is for the Living

Why the real purpose of estate planning is protecting the people you leave behind.

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Talk Through the Financial Side

Retirement income, beneficiary designations, insurance, and taxes all affect what your family inherits. A free call with David covers the financial side; for legal documents, work with a licensed attorney.