What Is A Will? [Estate Planning Q&A Video Series]
A lot of people come to me with questions about, "Do I need a Will?". The simple answer is "Yes!", because it is so important to pass your legacy on to the next generation.
A Will is a key part of an estate plan to make provisions for who receives the property you own on your death, who will be in charge of distributing the property, and who you would like to serve as guardian and trustee if you have minor beneficiaries.
While not everyone will need a Will, it is important to talk with an attorney about whether you should have one.
In the video below, I will discuss more about whether a Will is something you should have drawn up.
What Happens If You Do Not Have A Will?
The repercussions of not having a Will can be substantial. The cost of "taking care of your stuff" on your death could be greatly increased, the result of the application of Texas law of intestacy (dying without a Will) could be completely different than what you intended, and your family will face a much greater burden to transfer assets on your death.
To learn more about Wills, Living Trusts, and the estate planning process, read the other articles in my Estate Planning Q&A Video Series below:
Don't Put Off Your Estate Planning Until It Is Too Late
If you live in Texas and would like to discuss whether you need to have a Will, schedule a free* consultation with Adair Buckner, Attorney At Law, today.
* (The free consultation does not cover actual review of documents or giving legal advice on a specific situation.)
** This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, specific tax, legal, or accounting advice. We can only give specific advice upon consulting directly with you and reviewing your exact situation.
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It was way past time to finally get our Wills completed. This was something that was extremely complicated for us, but Adair and her assistant never made us feel like we were bothering them...and we (I) bothered them...a lot! Things were explained to us in a way that we could understand easily. Extremely professional and knows her stuff!
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