One of the easiest and most important ways to care for your family after you pass away is to draft a will. It’s pointless to spend your life providing for your children only to let the State decide who should care for them and where your money should go after your death.
Protect your legacy and preserve your final wishes with a comprehensive will and the help of an experienced Austin wills lawyer at the Law Office of Todd A. Wilson, also known as TAW Law TX. Founded in 2027, our Austin estate planning law firm is locally owned, and it’s operated by a dedicated staff who truly put each client’s needs first.
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You can also learn more about our wills services, how wills in Texas work, what to expect from online wills, and more by exploring the information below.
An A-B Trust structure is used by married couples who want to reduce taxes on estate. This is done by both of them placing their assets into the trust and naming an external person other than their respective spouse as the beneficiary.
Wills are one of the fundamental tools we use for assigning guardians for minor children and for passing down our assets after our deaths. When you die without a will, the legal determinations are left for the State to decide. The State will then decide where your money will go. You might be wrong to assume that your children will receive the money. Why take the chance that some bureaucrat you have never met with will have the same plans as you do?
Online will forms are not typically very effective at memorializing last wishes, and they can present real challenges when it comes to complying with Texas law — and putting to rest any contests or issues that could in future probate.
The reason is that online will creation websites often just ask you to check some boxes on a standard form. They do not address the nuances and legal implications of several key factors, like (but not limited to):
That can lead to oversights, mistakes, and other problems with wills that could interfere with your last wishes and create unexpected headaches and issues when it’s time to probate that will.
Consequently, if you have created an online will, it’s prudent to consider revisiting that document, preferably with an experienced wills attorney.
If you do, you can discuss your objectives, ask questions, and get personalized advice and guidance regarding that online will. You can also find out if the document is sufficient for your needs and/or whether it may fall short of doing what you need it to in any way.
Many think that estate planning isn’t required for them as they don’t own enough assets. Well, if you have minor children, you definitely would want to assign people to take care of them after your death.
If you possess a car or a house, you should make sure to whom all that goes when you pass away. Don’t let the State decide for you — and don’t assume that a document you wrote years ago will work as a valid will under Texas law.
The business you have been building all these years should stay with your family just as you would like to see it.
