Estate Planning Attorney - Plano, TX

Jaime V. Papa, Esq.

Attorney, Managing Member

JVP Law, PLLC is a law firm based in Dallas, Texas and serving clients in both Texas and Missouri. 

 

I founded this law firm to protect families and business owners with a commitment on WINNING through value-based and client focuses while making a positive impact in my communities. I provide legal services designed with my client’s best interests in mind and as a result, they can live confidently today and tomorrow. 

 

My law firm’s name is made up of my initials that stand for, “Jaime VICTOR Papa.” The “V” on my logo is pronounced because I will accept nothing less than a VICTORY for my clients. 

 

My ultimate goal is to serve clients across the nation and become the strongest law firm in the world!

Jaime V. Papa, managing member, of JVP Law, PLLC donates 10% of his personal profits to charity every month.

JVP Law, PLLC, PLLC specializes in helping clients create estate plans that will pass on their legacies and protect their family's futures. JVP Law, PLLC’s dedicated estate planning attorney in Plano, TX takes a start-to-finish approach to protect your assets, ensuring they go to the people you love most, and putting your mind at ease regarding your post-life legacy.

Estate Planning Options​

Silver Estate Plan

Cost: $4,000.00

  • Estate (Trust) Plan Design 
  • Family Assessment and Asset Inventory 
  • Child Protection 
  • Trustee Selections (3) Trust 
  • Executor Selections (3) Will 
  • Long Term Guardians Selections (3) 
  • Agent selections for your Power of Attorney (3) 
  • Agents selections for your Medical Power of Attorney and Health Care Directives (3) 
  • Engagement Letter 
  • Custom Binder with your Name in Gold with physical documentation 
  • Copy of your Estate Planning Documentation held by my office in Dropbox 
  • Standard Trustee Powers 
  • Declaration of Trust 
  • Certification of Trust 
  • Assignment of Personal Property 
  • Pour Over Will 
  • Self-Proving Affidavit 
  • Durable Power of Attorney For Management of Property and Personal Affairs (Springing) 
  • Acknowledgement By Agent 
  • Agent’s Certification and Acceptance of Authority 
  • Certification of Authorization by Principal 
  • Medical Power of Attorney 
  • Directive to Physicians and Family or Surrogates 
  • Nomination of A Guardian Relating To My Person 
  • Voluntary Advance Directive for Receiving Oral Feedings and Fluids in the Event of Dementia 
  • Authorization and Waiver For the Inspection and Disclosure of Information Relating to My physical or Mental Health 
  • Declaration of Guardian in the Event of Later Incapacity or Need of Guardian 
  • Self-Proving Affidavit 
  • Final Disposition Authorization and Instructions 
  • Instructions for the Distribution of My Personal Property 
  • Trust funding letters to your banks, brokerages, life insurance companies, etc… 
  • Warranty Deed to transfer your home into the name of the Trust 
  • Summary of Estate Planning Provisions 
  • Summary of Fiduciaries and Other Designated Persons 
  • Summary of Client Information 
  • Initial Trust Funding 
  • Short Inventory Form 
  • Funeral Plan 
  • Legacy Conversations 
  • Fiduciary Letters 
  • Assistance with Funding your Trust

Gold Estate Plan

Cost: $5,000.00

  • Estate (Trust) Plan Design 
  • Family Assessment and Asset Inventory 
  • Child Protection 
  •  (Asset Protection Options 1 or 2) 
  • Trustee Selections (3) Trust 
  • Executor Selections (3) Will 
  • Long Term Guardians Selections (3) 
  • Agent selections for your Power of Attorney (3) 
  • Agents selections for your Medical Power of Attorney and Health Care Directives (3) 
  • Engagement Letter 
  • Custom Binder with your Name in Gold with physical documentation 
  • Copy of your Estate Planning Documentation held by my office in Dropbox 
  • Standard Trustee Powers 
  • Declaration of Trust 
  • Certification of Trust 
  • Assignment of Personal Property 
  • Pour Over Will 
  • Self-Proving Affidavit 
  • Durable Power of Attorney For Management of Property and Personal Affairs (Springing) 
  • Acknowledgement By Agent 
  • Agent’s Certification and Acceptance of Authority 
  • Certification of Authorization by Principal 
  • Medical Power of Attorney 
  • Directive to Physicians and Family or Surrogates 
  • Nomination of A Guardian Relating To My Person 
  • Voluntary Advance Directive for Receiving Oral Feedings and Fluids in the Event of Dementia 
  • Authorization and Waiver For the Inspection and Disclosure of Information Relating to My physical or Mental Health 
  • Declaration of Guardian in the Event of Later Incapacity or Need of Guardian 
  • Self-Proving Affidavit 
  • Final Disposition Authorization and Instructions 
  • Instructions for the Distribution of My Personal Property 
  • Trust funding letters to your banks, brokerages, life insurance companies, etc… 
  • Warranty Deed to transfer your home into the name of the Trust 
  • Summary of Estate Planning Provisions 
  • Summary of Fiduciaries and Other Designated Persons 
  • Summary of Client Information 
  • Initial Trust Funding 
  • Short Inventory Form 
  • Funeral Plan 
  • Legacy Conversations 
  • Fiduciary Letters 
  • Assistance with Funding your Trust

Platinum Estate Plan

Cost: $6,000.00

  • Estate (Trust) Plan Design 
  • Family Assessment and Asset Inventory 
  • Child Protection 
  •  (Asset Protection Options 1 and 2)
  • Dynasty Trust (Asset Protection) 
  • Trustee Selections (3) Trust 
  • Executor Selections (3) Will 
  • Long Term Guardians Selections (3) 
  • Agent selections for your Power of Attorney (3) 
  • Agents selections for your Medical Power of Attorney and Health Care Directives (3) 
  • Engagement Letter 
  • Custom Binder with your Name in Gold with physical documentation 
  • Copy of your Estate Planning Documentation held by my office in Dropbox 
  • Standard Trustee Powers 
  • Declaration of Trust 
  • Certification of Trust 
  • Assignment of Personal Property 
  • Pour Over Will 
  • Self-Proving Affidavit 
  • Durable Power of Attorney For Management of Property and Personal Affairs (Springing) 
  • Acknowledgement By Agent 
  • Agent’s Certification and Acceptance of Authority 
  • Certification of Authorization by Principal 
  • Medical Power of Attorney 
  • Directive to Physicians and Family or Surrogates 
  • Nomination of A Guardian Relating To My Person 
  • Voluntary Advance Directive for Receiving Oral Feedings and Fluids in the Event of Dementia 
  • Authorization and Waiver For the Inspection and Disclosure of Information Relating to My physical or Mental Health 
  • Declaration of Guardian in the Event of Later Incapacity or Need of Guardian 
  • Self-Proving Affidavit 
  • Final Disposition Authorization and Instructions 
  • Instructions for the Distribution of My Personal Property 
  • Trust funding letters to your banks, brokerages, life insurance companies, etc… 
  • Warranty Deed to transfer your home into the name of the Trust 
  • Summary of Estate Planning Provisions 
  • Summary of Fiduciaries and Other Designated Persons 
  • Summary of Client Information 
  • Initial Trust Funding 
  • Short Inventory Form 
  • Funeral Plan 
  • Legacy Conversations 
  • Fiduciary Letters 
  • Assistance with Funding your Trust

Why Do You Need a Well-Thought Estate Plan?

Most people in the modern world have a fairly outdated look at what happens to their material belongings when they die. They might believe that a simple will is enough to protect their last wishes, and that’s all they need to do to take care of their families upon their passing.

 

However, that’s not the case. It’s a decent start, but litigation regarding the handling of assets upon one’s death is excessively complicated and costly in the modern world. With plenty of loopholes, technicalities, and opportunities for contesting it by disgruntled family members or even those outside your family, there are a lot of ways your legacy can end up ravaged. The worst part is that there’s nothing you can do about it when it gets to that point.

 

A well thought out estate plan will ensure protection against those issues and your family is cared for.


Here are four reasons why you need a well thought out estate plan and an experienced estate planning attorney to help you develop one.

1. Prevent the State from Taking Your Assets.​

Dying without an estate plan in place will mean that you are leaving it to the state to determine how your assets will be transferred upon your death.

Unclaimed property in Texas as of January 13, 2021 stood at $6,534,260,837.00, and unclaimed property in Missouri as of January 25, 2021 stood at $1,177,582,533.

 

Failure to plan means that a government body that does not know you or your family personally will determine who receives your assets upon your death. In the event your assets can not be found or your loved ones can not be identified, your assets will remain with the state and eventually become state property if not claimed within a certain time frame.

 

To prevent this, start planning on time with the right help on your side. Contact the leading estate planning attorney in Plano, TX, and get the well thought estate plan to manage your assets in the best possible way.

2. Prevent the Possibility of Guardianship Abuse.

Becoming incapacitated without a well thought out estate plan in place may mean that a person  you may not want making decisions for you during this time period may have full control of your assets and medical decision making power. This person may be a family member, friend, or someone else designated by the state.  

 

In this circumstance you may be subject to guardianship abuse. If a person has guardianship also known as conservator in some states over you, this person may be paid a percentage of your assets to take care of you. They will have full decision making power over both your financial and medical decisions. You will be treated like a child, unable to make decisions for yourself. In the event this occurs to you, you need to select someone you can trust to treat you appropriately. Do not leave it to the state or anyone else to make decisions for you.

 

Across the country there are many instances of guardianship abuse. The National Association to Stop Guardianship Abuse has done a great job capturing and retelling numerous stories of abuse across the country. Click on the link below to learn more.

 

You deserve only the best treatment, and I am fully committed to ensure you receive nothing less. As an experienced estate planning attorney, I help people in Plano, TX to make their own decisions, by developing successful and well thought estate plans.

 

NASGA – National Association to Stop Guardianship Abuse (stopguardianabuse.org)

We have also recently seen allegations of  alleged abuse in the media regarding Britney Spears, Lindsay Lohan and others. 

3. Avoid Probate Costs.​

Probate costs can be very expensive, but if you have an experienced estate planning attorney on your side, you can easily avoid them.

 

Here are the costs and fees in states of Texas and Missouri:

 

Texas 

 

Court Costs: (County Dependent)

Attorney Fees: $185.00/hr + (Estimate)

Executor Fees: 5% of Estate

Federal Estate and Gift Tax: 18% – 40% based on taxable amount of estate above $11,700,000.00 as of 2021. (Changes dependent on political administration)

Bond Fee:  Determined Based on the Size of the Estate)

Missouri 

 

Court Costs: (County Dependent) 

Attorney Fees: $185.00/hr + (Estimate)

Publication: (County Dependent)  

Personal Representative (Executor) Fee:

– 5% of the first $5,000.00

– 4% of the next $20,000.00

– 3% of the next $75,000.00

– 2.75% of the next $300,000.00

– 2.5% of the next $600,000.00

– 2% of everything more than $1,000,000.00

Federal Estate and Gift Tax: 18% – 40% based on taxable amount of estates above $11,7000,000.00 as of 2021. (Changes dependent on political administration) 

Bond Fee: (Determined Based on the Size of the Estate) 

4. Prevent Delays and Protect Your Family, Especially if you have Minor Children.​

Probate can sometimes last weeks, months, or years. Oftentimes your family needs the assets in your estate to ensure they can afford daily expenses. Not having access to funds for weeks, months, or years can be devastating for a family.

 

Additionally, if you become incapacitated or die with minor children and have no estate planning in place there is a good chance your children may end up with the state for a period of time until it can be determined who may take possession of your children. Without proper planning, this can often lead to arguments in families and lengthy court battles.

 

That’s why you need help of the #1 estate planning attorney in Plano, TX. Qualified, highly experienced and committed to create you the best estate plan to manage your assets.

 

I am always ready to help you every step of the way – get a consultation today!

What are the Components of an Estate Plan?

A solid estate plan consists of several parts, and each one is exceptionally important.

 

  • Revocable Living Trust: Unlike an estate plan that depends solely on a Will, a Trust can be used to distribute a person’s assets upon incapacity or death. A revocable living trust is a preferred estate planning tool for mixed families, because it allows the owner to more easily deconflict issues.

  • Irrevocable Trust: A strong succession plan includes a discussion regarding taxes and asset protection. This is where irremovable trust comes in. They can be extremely helpful at helping reduce taxes and protecting assets from litigation. 

 

  • Durable Power of Attorney: Not every succession is caused by death. In the event you’re unfit to handle your own assets, choosing a Power of Attorney will let a trusted individual act on your behalf. Of course, this power will terminate upon death, generally blocking the agent from accessing the assets without moving through the probate process. With a trust, the agent, if selected as the trustee will still be able access these assets without having to go to court.

  • Medical Power of Attorney: This is a document list exactly who will make medical decisions for you when you cannot. It is key to make rational selections when deciding which individuals make the most sense to serve as your agents. Who realistically will honor your wishes.

  • Healthcare Directive: This is a directive you create before you are too ill to make your own decisions that relay your medical wishes to professionals treating you.

  • In Hospital Do Not Resuscitate: This is an in hospital DNR signed in the hospital by a physician.

  • Out of Hospital Do Not Resuscitate: This is an out of hospital DNR signed by a physician.

  • Guardianship Nominations: Have you ever considered what will occur if you have children and you and your spouse pass away? Have you ever considered what will occur if you personally lose capacity, but your body is healthy and you will continue to live many years? This is where guardianship nominations come in. Why leave it to the court when you can choose beforehand.  This decision may save your family costs and deconflict many issues.                                                                                    
  • Will: You’re likely familiar with wills. These are forms that highlight your last wishes and who you want to receive your assets.

  • Pour Over Will: This is a specialized will dictating to the court that any assets not placed into the trust be placed into your trust upon your death.

  • Will Protection: The measures taken to ensure your will remains unaltered, officiated, and legally binding.

  • Beneficiaries: Your will can tell the government who gets what, but you still need to notify the companies managing your retirement accounts, asset portfolios, digital assets, and more to ensure they gain access. However, selecting an individual as a beneficiary can lead to a number of problems, especially if you are depending on this person to take care of another with the assets you have left them.  If this is a concern, it may make more sense to make your trust the beneficiary, so no one individual can make decisions without control being placed on them, so they can meet your intent.

  • Minimize Taxes: The last thing your family wants is to be overwhelmed by taxes when inheriting your legacy. This step in the process takes action to minimize their tax liability.

  • Funeral Plan: I have personally visited funeral homes that have told me that you are not getting a discount if you bring your desired to use without a prior plan. The time to create this plan is now. It will significantly reduce future costs.

 

Why Choose JVP Law, PLLC as Your Estate Planning Attorney in Plano, TX?

Your choice of estate planning attorney is critical to ensure that your last wishes are fulfilled in the event that you are medically incapacitated or unfortunately pass on. You need an attorney that will help you cover every aspect of a solid succession plan, put your wishes and the needs of your family first, and is willing to fight for your wishes in the event of your death. In short, you need the best estate planning attorney in Plano, TX. Anything less is a huge risk. 

 

Luckily, JVP Law, PLLC has a dedicated professional onboard to help secure your estate plans before and after death. I’ll fight to make your last wishes a reality, helping you every step of the way.

 

Get a consultation today!

JVP Law, PLLC donates 10% of profits to charity every month.

Estate Planning Webinar

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