No one likes thinking about what will happen to their property when they pass, but it’s an important topic to address for your family’s sake. A few hours spent planning can reduce your loved ones’ stress and make sure that your property goes to the persons and/or charities of your choice at the least expense. Take time today to educate yourself and make a plan.
A will is a legal document that spells out how you’d like your property and other legal issues handled after your death.
Pitfalls of DIY Wills
Today, there are plenty of companies claiming to offer you the option of making your own will. While the low cost may seem appealing, DIY wills can leave your will open to misinterpretation, which means your final wishes may be completely overlooked. We have seen DIY wills in our office that were insufficient to carry out the decedent’s requests, causing their loved ones to face the prospect of complicated and expensive intestate (no will) proceedings. Check out our Fees page, and you might be surprised at how affordable our prices are.
The Texas probate process is much better than many other states, so a will usually does the job, however trusts also help determine how you’d like specific types of property to be distributed and handled. Although we normally do not recommend stand-alone trusts, there are times when they might be helpful:
- When you have real property (houses, land) outside of Texas
- When you already have a trust or are a beneficiary of a trust
- When a beneficiary has special needs or receives government benefits
- When you need confidentiality of your assets after your death