Helping Families And Individuals With Estate Plans

While preservation of wealth is important, we recognize that what is most important is who those assets intend to benefit at the end of the day. Planning for the future of your family and other loved ones requires more than just a set of standard documents. It requires a uniquely tailored approach that ensures your desires are carried out, in the event of sudden death or incapacity. That’s why we form meaningful, long-lasting relationships with our clients.

We represent individuals and families throughout varying stages of life, including:

Two-parent families/single parents
Unmarried couples
Blended families
Families with special needs
High net worth families
Family business owners
Estate executors and beneficiaries
Beneficiaries

We partner with you for your lifetime to ensure your will and estate plan is always up to date, putting your mind at ease. Whether you are a single parent, part of a blended family or looking to entrust your estate to other beneficiaries, we are here to help.

Creating Estate Plans For Entrepreneurs And Small Business Owners

We offer estate planning for individuals at all stages of life. We bring knowledge in intellectual property and small business matters, as well as life experience from our own families, to ensure your tangible and intangible assets are properly preserved for your beneficiaries.

The intangible nature of intellectual property can pose unique challenges for individuals who wish to properly preserve their assets, but it is imperative to preserve such assets correctly. Inventors, scientists and creators may hope that their creation continues to benefit their families or other beneficiaries beyond their lifetime, and it is essential to carefully devise a plan that transfers those intellectual property rights.

We have years of experience working as engineers, forming businesses and litigating patents; so, we know firsthand what it takes to properly preserve such complex assets through trusts and other tools. We aim to use our experience and expertise to ensure your proper preservation of business assets, intellectual property rights and other intangible assets.

We Protect Your Assets, Both Tangible And Intangible

Hunt Pennington Kumar PLLC is a boutique law firm created to protect the things our clients have worked hard for in life, from the physical assets in your personal estate to the intangible assets of your intellectual property. We are proud to serve individuals, families, businesses and startups in Austin in practice areas ranging from estate planning and elder law to intellectual property law, general business law and litigation.

The attorneys at Hunt Pennington Kumar PLLC want to help protect your financial assets for the future. While discussing your estate can seem overly complicated, it is a necessary step to maximize the assets you’re able to leave your loved ones, once you’re gone. Working with our estate planning attorneys can ease your mind about your family’s financial health. We enjoy working with each of our estate planning clients to customize the approach that’s best for them and their families.

We Will Help You Plan A Responsible Financial Future

Once you know your assets are secured, working with a wills and trust attorney can ensure that you leave those assets to the ones you love. If you have lost a loved one, a probate attorney can assist with the complicated probating process in court, giving you more time to focus on what really matters to you. Whether you’re planning a responsible financial future for your family or dealing with the loss of a loved one, let us create a tailored approach that meets your goals and protects your hard-earned assets. In addition to working with individuals and families in estate planning and family law, we assists businesses, entrepreneurs and intellectual property owners with similar asset protection through strategic asset management, including drafting wills and creating trusts.

What Is Probate? Is There More Than One Type?

Probate will be necessary when a person dies and leaves property that has not been transferred by trust, joint ownership, the right of survivorship or direct payments to beneficiaries. For example, if an insurance policy or retirement account hasn’t been transferred in one of the above-mentioned ways prior to death, then it will be distributed through probate. Probate is a process wherein the court legally recognizes a person’s death and oversees the payments for the deceased person’s debts to creditors, and the distribution of assets to their heirs. Read more

What Actually Occurs During The Probate Process?

The probate process in Texas can be broken down into six steps. The first step involves the initial filing of the application for probate, usually in a probate court in the county where the decedent resided. This application includes information such as the description of the applicant, e.g., the person who is filing the application, or the person who was designated in the will and identifies the decedent. If there is not a will, the surviving spouse or one of the children might initiate the filing of the application. Read more