Tuesday, September 2, 2014

Why you need a will in Texas?

A will is an important legal document that every adult should have. 
A will is especially important for people who own property, have children, and those who wish to designate how property will be distributed following the creator's death.
People who die, leaving children without a living parent, can designate the guardian of the children in their Will. Without such a designation, the Court will decide who is to care for the children.
People who own little or no property should also have a will. 
Without a will, the state decides how assets will be distributed and how debts will be paid, leaving surviving family members with fewer legal options.

What Is A Will?

A will is a legal document that establishes the wishes of an individual to be carried out upon his or her death.
 A will can address:
What property and assets are owned
  • How property and assets will be divided
  • Who the beneficiaries will be
  • Who guardians of minor children will be
  • Who the executor will be
A will can — and should be — customized to meet the unique needs of the individual it represents. 
The needs of a person with young children are much different than an 80-year-old widow with no children.
It is important to work with an attorney who can help you make plans based on your unique life circumstances.

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