Create Or Update Your Will In Texas
A valid will is the foundation and starting point of a comprehensive estate plan. You may realize that you should have a will without being sure how simple or complex it should be – or what it will cost to get a will in place. An attorney’s appraisal of your overall situation and expectations can help you move forward with a plan for putting a will in place.
The good news at Morgan Williamson is that we are diligent in assessing people’s priorities, family structures and financial portfolios without wasting time. Our goal in our estate law practice is to personalize our advice about wills.
We are confident that in an initial consultation with one or more members of our team, you will know what to do next to complete your will. Call 806-705-7546 or send an email inquiry to schedule your first meeting with us.
What Your Will Should Likely Include
Assuming that a will is prepared and signed according to the laws of Texas, it usually spells out:
- Who you designate as an executor or personal representative
- Where you want your assets, including money, real estate and more, to go when you die
- Whether the independent executor can serve without bond
If it is incomplete, inconsistent, signed improperly, it can be more easily challenged in a will contest than a will that is done correctly.
Even if you expect to put most of your assets in trusts, you should have a pour-over will to account for anything that comes to your estate between when you die and when your estate is settled. Examples of incoming assets include:
- Income tax refunds
- Payouts of commissions, lottery proceeds or other assets that have inherent lag times
- Proceeds from lawsuits that you had filed and were resolved in your favor and paid after your death
If your will is part of a larger legacy plan, possibly affecting business succession and/or including one or more trusts, it is important to make sure there are no contradictions that would lead to a prolonged probate process or leave the estate’s integrity vulnerable through a will contest.
Get Your Will And Estate Plan In Order
Don’t hesitate to get our experienced estate planning lawyers’ guidance when drafting your will. It may not need to be a complicated document, but it must be done correctly. We can review your situation and draft a will that makes your wishes clear and enforceable.