There are several ways you can write a will in Texas:
The objective when writing a will is to make sure that your assets go to the people you want to have them and to ensure there will be no litigation among the beneficiaries when you are gone. Consumer Reports tested online will writing services in 2013 and found that none of them were adequate unless the estate’s needs were simple and straightforward. Furthermore, Consumer Reports hired a law professor to investigate over 1000 probated estates. The professor found that self-written wills were more likely to result in litigation.
A good estate planning attorney like Stephanie Hon can prepare a will that meets the standards required to avoid litigation while also mitigating the effects of taxation on your beneficiaries. Call her office at (512) 888-9378 to begin the process of creating a valid will.
You can avoid serious mistakes when writing you will if you keep these elements in mind:
Name a Good Executor
The executor is the person responsible for closing out the deceased’s remaining financial obligations, including paying bills and taxes for the estate, disposing of assets to the beneficiaries named in the will, and making court appearances for the estate. These are important responsibilities, and the executor should be a reliable person who can be trusted implicitly by the testator (the person whose will is being written).
Abide by Texas’ Rules Regarding Wills
Texas law requires that a will must be in writing and signed by the testator or by another person on behalf of the testator and in the presence of the testator. A valid will must be attested to by two or more witnesses who are at least 14 years old, who sign the will also.
Don’t Omit Any Assets
One of the advantages of working with an estate planning attorney is making an exhaustive list of all the testator’s valuable assets. If not included in the will, assets will be distributed by the state of Texas according to the intestate succession process. The omitted asset could potentially be inherited by someone the testator does not wish to have it.
Working with an attorney will also give the testator the opportunity to name all the beneficiaries they wish to include in the will. A dialog with the attorney may help the testator review their life and make a complete list of all the significant people in it to potentially name in the will.
Execute the Will Properly
There are eight steps to probating a will in Texas. Among them are these:
Get Help from an Estate Planning Lawyer
The process of writing and executing a will can be easier for you, and you can be certain that all elements have been considered when you engage the expertise of an estate planning attorney like Stephanie Hon. The goal is to distribute assets and benefits to the family and friends of the testator and perhaps to put a smile on their face due to the testator’s generosity. Stephanie Hon has seen this many times, and you can call her at (512) 888-9378 to begin the process.
921 W. New Hope Dr. Suite 104
Cedar Park, TX 78613