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 under even 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. Similarly, a 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 want to know more about what you can do, CLICK the button below to get your FREE E-book: “16 Steps to Help You Plan & Prepare for Your Texas Divorce”
If you want to know more about how to prepare, CLICK the button below to get your FREE E-book: “13 Dirty Tricks to Watch Out For in Your Texas Divorce, and How to Counter Them" Today!”
Other Articles you may be interested in:
- Texas Divorce and Child Support - Life Insurance Obligations
- The Basics Of A Will
- Why You Should Have a Will
- Texas Child Support Appeals
- In Texas are Child Support and Visitation Connected?
- Why Ignoring Child Support Obligations is a Bad Idea in Texas
- Texas Child Support – Trust and Annuities
- Special Needs Children in Texas Child Support Cases
- How to get above guideline child support.
Law Office of Bryan Fagan, PLLC | Houston, Texas Divorce Lawyers
The Law Office of Bryan Fagan, PLLC routinely handles matters that affect children and families. If you have questions regarding divorce, it's important to speak with one of our Houston, TX Divorce Lawyers right away to protect your rights.
Our divorce lawyers in Houston TX are skilled at listening to your goals during this trying process and developing a strategy to meet those goals. Contact Law Office of Bryan Fagan, PLLC by calling (281) 810-9760 or submit your contact information in our online form. The Law Office of Bryan Fagan, PLLC handles Divorce cases in Houston, Texas, Cypress, Klein, Humble, Kingwood, Tomball, The Woodlands, Houston, the FM 1960 area, or surrounding areas, including Harris County, Montgomery County, Liberty County, Chambers County, Galveston County, Brazoria County, Fort Bend County and Waller County.