Why do I need a will?
Worse than passing away without having a will is dying with a
do-it-yourself will or a will from a service such as legal zoom. While estate taxation
is a straightforward issue in Texas, a poorly drafted do-it-yourself will
may expose you to tax consequences that otherwise would be a non-issue
intestate succession. The other possibility is that your do-it-yourself will is not properly
executed and thus invalid, allowing an opening for a dispute to arise
between beneficiaries under a will and heirs under estate succession.
These types of disputes may destroy family ties and devour the financial
resources of the individuals, preventing you from accomplishing the goal
of helping to provide for your loved ones.
By working with an
attorney to draft a
will, the probability of creating and properly executing a valid, problem-free
will significantly increase. Beyond this you can strategize about simple
ways to have assets pass outside of
probate. Examples of simple ways of
transferring property upon death outside of
probate include joint bank accounts and real estate held jointly with a right
of survivorship. Not every joint bank account possesses a right of survivorship.
joint deed would need to be filed in the local county’s
real property records. Sitting down with an
attorney to draft your will enables you to explore these additional options. And
by passing property even prior to
probate, you can ensure that your spouse has financial stability and security
while processing their grief. Then your loved ones can probate your will
rather than drudging through the
intestate succession process.
If you have questions regarding wills and estate planning, it's important
to speak with a Houston, Texas
estate planning attorney, right away to protect your rights. Our
Houston lawyers are skilled at listening to your goals during this process and developing
a strategy to meet those goals.
Contact Law Office of Bryan Fagan by calling (281) 810-9760 or submit your contact information in our online
form. Law Office of Bryan Fagan handles Estate cases in Houston, Spring,
Cypress, Klein, Humble, The Woodlands, Tomball, the FM1960 area, or surrounding
areas, including Harris County, Montgomery County, Liberty County, Chambers,
Galveston, Brazoria, Fort Bend County and Waller County.