It is never too soon to start planning for the future and to protect your assets.
Your will can direct who should take care of your children after your passing, who should take over your business if you have one, who receives your belongings, and other property-related wishes. Your will also requires the appointment of an executor, someone you trust who will be responsible for ensuring that all of the instructions left in your will are carried out. Creating a will helps your family avoid disputes over your assets and makes legal decisions easier after your passing. A will can be an invaluable document while you are still alive. A living will explains the type of medical care you would like if you are unable to communicate those instructions yourself (including end-of-life care, the use of medical intervention and more). Using a living trust can save your family money and help them make difficult decisions during a stressful situation.
Frequently asked questions about wills:
Can I write my wishes on a piece of paper and sign it (to serve as a will)?
This is not recommended. It is possible that a will written in your handwriting and signed can be valid and admitted to probate in Texas, however, many problems often arise with this type of will. It may not be recognized as valid by the court, because it fails to arrange all of your property. More than likely, it will also fail to take advantage of time-saving and cost-saving measures available if a formal will is used.
Do I really need a will if I don’t have many assets?
No one knows what the future holds, but death is certain. Your financial situation now may not be the same as at the time of your death. What if you discover a priceless antique or win the lottery? Even if you do not possess many assets, if you are married (or have children), what little assets you have may impact their lives (and future). A will, in the least, will lessen their stress and allow them to know your final wishes.
We will meet with you one-on-one to help you prepare for both the expected and unexpected.