A Texas resident, Henry Vail II joined Sucre-Vail Wealth Advisors in Houston in 1997 as a private wealth advisor. Henry Vail II provides guidance to affluent families on matters such as succession planning, asset protection, and estate planning.

1. By Henry Vail II

2. Introduction
 A Texas resident, Henry Vail II joined Sucre-Vail Wealth
Advisors in Houston in 1997 as a private wealth advisor.
Henry Vail II provides guidance to affluent families on
matters such as succession planning, asset protection, and
estate planning.
Estate planning designates where and with whom a
person’s assets should be allocated upon his or her passing.
A popular misconception of estate planning is that a
person does not need to create a plan if they don’t have
enough property or wealth to warrant one. Others believe
they have plenty of time to develop one at a later date.

3. Estate Plan
 Both scenarios leave people unprepared to care for their
families following death and potentially give the
government rights to seize and distribute assets according
to state probate laws. As a result, families do not inherit an
entire estate.
For peace of mind, a person should create an estate plan
immediately. Assembling the basics, such as term life
insurance, a will, and a power of attorney for the executor,
is a good start. These items are a launching point for a
comprehensive estate plan, which can be developed over
time.