Failing to prepare a will means leaving the fate of your estate in the hands of Texas intestacy laws. This default mechanism distributes your property to your nearest kin, which may not align with your wishes. For those without close familial ties, this can result in the state claiming your estate. To ensure that your preferences are respected, crafting a will in advance and maintaining its accuracy over time is essential.
Benefits Of A Will In Frisco
A well-drafted will empowers you to:
Contact The Werner Law Firm, your trusted Frisco estate planning law attorneys, to ensure that your intentions are clearly expressed and legally upheld.
It is important to note, however, that your will does not cover everything. Life insurance, retirement plans, assets held in living trusts, and jointly-owned property cannot be affected by a person’s will. Your will must be signed by you as well as at least two other witnesses for it to be finalized in the state of Texas. Unlike other states, notarization is not required for a will to be legally binding. Should you decide to change the terms of your will or desire to revoke it entirely before you pass away, this can be accomplished by creating a “codicil” with the assistance of an attorney. A codicil is a document that allows you to amend or change the terms of your will and is drafted similarly.
