Comprehensive estate planning involves more than just wills and trusts, but all aspects of wealth management, including asset protection and distribution, retirement planning, and business management and succession planning. Texas Estate Planning Attorneys Richard and Marcie Johnson bring a firm commitment to excellence in serving your estate planning, probate, retirement planning, asset protection and business law needs.

We are dedicated solely to providing sophisticated estate planning strategies that protect our clients' estates, while eliminating or minimizing tax liability. Our vision is to be responsive to our clients' needs, while meeting or exceeding their expectations through the efficient delivery of the highest quality legal services.

Through this and more, we positively enrich the lives of countless individuals and their loved ones in our community, including Plano, McKinney, Dallas, Fort Worth, Grapevine, Southlake, Colleyville and throughout Collin County, Dallas County, Tarrant County and Denton County, Texas.

Texas Estate Planning

There are many legal strategies involved in estate planning, including wills, revocable living trusts, irrevocable trusts, durable powers of attorney, and health care documents. Learn more about the estate planning process.
 

Estate Tax (or Inheritance Tax) Planning

The federal estate tax is an excise tax levied on the transfer of a person's assets after death. In actuality, it is neither a death tax nor an inheritance tax, but more accurately a transfer tax. Legal planning to avoid or minimize federal estate taxes is both a prudent and an important aspect of comprehensive estate planning. Learn more about federal estate tax (death tax) minimization.

Texas Probate and Estate Administration

Probate and estate administration are the processes through which estate assets are transferred after death when plans to avoid probate have not been implemented prior to death.  The probate process itself will vary depending on the nature and value of the estate assets, the terms of the will (if there is one), etc. We can help make the process easier, more efficient, and provide peace of mind during a difficult time. Learn more about Texas Probate and Estate & Trust Administration.

Retirement Planning

Qualified Retirement Plans account for approximately 35 percent of all household financial assets in the U.S., or nearly $16 trillion. Americans invest in these plans to provide for their own (and their spouses') retirement, to enjoy substantial tax savings and compounding interest, and to build family wealth for their heirs. The preferential tax treatment these assets receive, however, comes at a price that may be extracted at death. With proper planning, your IRA (or other qualified retirement funds) may be the best asset your children inherit. A few common mistakes, however, could make it the worst. Learn more about retirement planning, and Stretch IRA Trusts.

Asset Protection for Professionals and Business Owners

Asset protection planning involves making prudent decisions today to protect yourself, your business, and your hard-earned assets from loss due to lawsuits, creditors or bankruptcies. This type of legal planning is especially prudent for professionals and business owners, whose personal assets could be at risk due the nature of their employment. Learn more about Texas Asset Protection.
 

Business Law

We assist clients starting a business in choosing which business entity (or entities) is best for their situation, not only from a tax perspective, but also from the asset protection and estate planning perspectives. We also help business owners with the legal issues involved in transferring a business, whether through a sale or exchange or to the next generation of a family business. For family business owners, we also address the issues of coordinating the business and family estate plans and meeting the challenges of estate equalization while ensuring family harmony and the ongoing health of the business. Learn more about estate planning challenges for business owners.
 

Elder Law & Senior Housing Options

Elder law is another aspect of estate planning, focusing primarily on the needs of families and individuals as they age. Issues of aging include senior housing and home care, long-term (or nursing home) care, guardianships and health care documents, and Medicare, and Medicaid. Learn more about elder law services.

Richard P. Johnson, P.C.
Board Certified in Estate Planning & Probate Law
Texas Board of Legal Specialization
500 North Central Expressway, Suite 425
Plano, Texas 75074
TEL: 972-497-1010 • FAX: 972-526-5845
• www.richardjohnsonlaw.com

Note: Nothing in this Web site is intended or written to be used, and cannot be used by any person for the purpose of avoiding tax penalties regarding any transactions or matters addressed herein. You should always seek advice from independent tax advisors regarding the same. [See IRS Circular 230.] Full Disclaimer...

Please feel free to contact the office if you or a family member is in need legal assistance with Texas Probate and Estates, Texas Estate Planning and Asset Protection, Texas Trust Planning, Texas Tax Planning, Texas Business Planning and Succession or Texas Fiduciary Services.

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