3 Things To Consider When Making A Will In Texas

3 Things To Consider When Making A Will In Texas

Preparing a will isn’t a pleasant or enjoyable task, but it’s imperative to protect your family and property. Despite knowing its importance, an astonishing number of people—nearly half of all Americans over 55 years of age—still don’t have one.

Laying out the plan for the distribution of your assets ensures your loved ones don’t have to deal with distress and confusion on top of their grief.

If you want your wishes to be fulfilled after your demise, a complete will and testament is essential. The process of making a will is often a source of confusion for many, with some people opting for do-it-yourself online wills. However, working with an expert estate planning attorney ensures you don’t make the common mistakes that people often make when preparing their will.

Some of the things to consider are:

Why a valid will is important

Opting for online wills or do-it-yourself efforts may mean your will isn’t legally valid. Trying to forego the necessary legal processes in making a will can mean your estate won’t be settled based on your wishes.

If someone dies without a will in Texas, the state’s law determines how their properties and assets will be settled. Texas’s intestacy laws will distribute your assets to the relatives closest to you. This means spouses, children, grandchildren, and parents are prioritized. If, however, you have no living relatives—either by marriage or blood—the assets will be taken by the state.

Thus, it’s incredibly important to lay out your wishes in a legally valid will that states the executor, beneficiaries, and outlines the division of your estate and assets.

It should reflect your current wishes

Since your will decides how your assets will be distributed, make sure you deliberate and take into account your current wishes. Luckily, you can change or modify your will to reflect your present circumstances.

You can cancel or destroy certain parts of your will or do away with the entire and replacing it with another one. It’s important to keep updating your will as you go through life. This ensures that any changes in your marriage, the birth of a child, or the acquisition of new assets can be reflected and accounted for.

It doesn’t just include financial assets

Making a detailed will ensures all your assets—both physical and non-tangible—are planned for in the case of your demise. This includes any properties, your house, or your car, as well as any businesses you own.

However, these aren’t the only things you can include in your will. If you have children under the age of 18, you should secure your wishes for their future by nominating a guardian for them. Consider the practicality of your choice by reviewing the lifestyles, choices, and future plans of your loved ones.

You can also include any cherished possessions in your will. These items may not have much extrinsic monetary value, but you may have a deeper personal connection with them. Whether it’s a family heirloom or your favorite signed sports memorabilia, including it in your will ensures it ends up in safe hands.

Get expert help from estate planning attorneys

If you’d like to maintain control of your assets and ensure that your loved ones don’t have to go through the struggle of transferring your assets through the intestacy laws, make sure you have a will and testament in place.

Mike Massey Law offers quick turnaround, cost-effective solutions, and legally-sound advice and assistance with estate planning. Their experienced will and probate lawyers and estate planning attorneys work with you to ensure you don’t have to worry about your family’s future in your absence.

If you live in San Antonio, Austin, Houston, or surrounding areas, reach out to Mike Massey Law for more information about their services and packages. Call them at 888-407-2407 to get started.

About author

You might also like

Lawyer 0 Comments

6 Tips from Top Lawyers for Recording a Cycling Accident

Reports say that cycling has increased by around 200% during the COVID-19 lockdown in the UK. This means that a significant number of people are switching to a clean and green mode

Insurance Issues 0 Comments

How Do Fire and Burn Injury Lawyers Help Your Case?

Being in a fire accident doesn’t just leave burns on your skin; it leaves psychological scars on your mind for a long time. The post-accident period is not any less

Lawyer 0 Comments

Never Made a Will? Understanding Who Will Inherit If You Die Without One

While it may be difficult to draft a will—either because you’d rather not face the inevitable at the moment, or you cannot seem to make the time to do it—any

0 Comments

No Comments Yet!

You can be first to comment this post!

Leave a Reply