Neglecting to draft a will leaves the fate of your estate to the Texas laws of intestacy. For those in Prosper without direct family connections, this could result in the state making claims on your assets. Proactively preparing a will ensures that your estate is distributed according to your wishes.
The Benefits of Having a Will in Prosper
A well-prepared will offers the power to:
Reach out to The Werner Law Firm, Prosper’s trusted specialists in estate planning law, to articulate your intentions and ensure they are respected and legally sound.
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.
