When you are ready to create an estate plan in Texas, one document you will have to draw up is a will. Your will is akin to the backbone of your estate plan. It sets out the precedent for what will happen to your assets when you pass away. The will can be used in conjunction with other estate planning tools to ensure that your estate will be distributed in accordance with your wishes. We can help you to ensure that your will, as well as all your other estate planning documents, are ready.
There are various aspects that you must think about when you are creating an estate plan. We can help you understand these aspects. We can help you learn about guardianships of minors, trusts and tax planning. We can help you deal with complex wills and special needs trusts.
It is important for you to not only lay out what you want to happen, but for you to give your estate the tools necessary to do that in the best way possible. This can mean learning how to take advantage of the annual gift tax exclusion or other methods. We can help you learn those methods.
Even if you don’t have a complex set of assets, you might decide that you want to leave behind an ethical will. In this case, your will should include information about your beliefs, historical information about you and your family and other information that you want to pass along.
No matter which type of will you choose to complete, and even if you want to complete both types, you should do so while you have the mental capacity to make the necessary decisions. Waiting too long might mean you can’t get things together in the manner you want.