Preparing a will gives you the opportunity to determine how your assets will be distributed after your death. If properly prepared, it is possible for you to make arrangements for some of your property to pass to those you love without them carrying an extra burden of taxation.
Although you may find it difficult to talk about how to best prepare for what happens after your death, a will gives you peace of mind, knowing that you have provided for the best interests of your loved ones and that your own wishes will be carried out.
Reasons to Have a Will
Your will gives you the opportunity to specify exactly how you want your assets to be distributed. It also allows you to name someone you trust as your executor, sometimes called personal representative, who will be in charge of seeing that your wishes are complied with.
There may be someone who you do not want to have any of your assets upon your death. You can cover this in your will. If you have minor children, you can name someone who you want to be their guardian and leave special instructions about their care and upbringing.
If you die without a will, or with a will that does not meet the statutory state requirements so is declared invalid, Texas will step in and distribute your assets according to state law. This is true even if your loved ones present evidence that the distribution is against your wishes.
Types of Valid Wills in Texas
There are two types of wills in Texas that are valid if certain conditions are met.
- An Attested Will. You must put your will in writing (a typed document works) and sign it in the presence of at least two credible witnesses. The witnesses must be at least 14 years old.
- A Holographic Will. This is a will that is written in your own handwriting and signed by you. There need be no witnesses.
Contact Attorney Les Romo in Georgetown, TX
Attorney Les Romo has been licensed to practice law for 37 years. He brings his knowledge and compassion to every client encounter. You will feel comfortable telling him of your needs and he will see to it you’re your executor complies with all of your last wishes. His office is located in Georgetown, TX. He will help you get started on this important aspect of your estate planning.