The vast majority of Americans are familiar with the concept of a Will, and while the majority of Americans understand the need for a Will, a large percentage never make one or consult a wills lawyer to draft one for them.
You work hard for your family, so knowing that you have planned for their long-term well-being and financial security can bring you comfort. I thoroughly analyze your estate and strategize the best means of transferring your assets, minimizing taxes, establishing guardianship for your children, caring for your pets, supporting any personal philanthropic causes, and protecting your loved ones.
Wills can take a variety of forms and can be used for a variety of purposes in Texas. In general, however, a will is used to spell out how a person wants their assets divided at the time of their death. It may also address the payment of debts, conditions upon certain gifts to certain individuals, etc. The will should be drafted as part of an overall estate plan for the person or married couple considering the will.
Many clients ask me about what happens if someone dies without a will. I routinely advise clients that the probate process when someone dies without a will is much more complex and expensive. Instead of the assets being divided according to the provisions of the will, the assets are divided according to the provisions of Texas law. Even if the deceased individual had expressed desires prior to his/her death about the division of the assets, those desires are not followed unless they are contained within a well-drafted will.
The costs associated with creating a will pale in comparison to the problems and costs that can arise from not having a will. I highly recommend that every adult consider a will. Call me today at 871-492-7008 or email me for a free initial consultation.
Changing your Will
As your life changes, so might your estate plan. You may need to update your will throughout your life. I can draft valid codicils that address changes in your financial situation, marital status, number of children, philanthropic interests, and general lifestyle decisions.