A last will and testament is a legal document that expresses how you want your property and assets distributed after your death. By spelling out exactly how you would like your estate handled when you die, you can avoid family strife and have peace of mind that they will honor your wishes. Here are the top reasons why you need to make a will.
This 5 part series will provide an overview of the top reasons why you need to make a will which include:
Part 1 addresses Decide Who Gets Your Estate and Decide Who Will Take Care of Your Minor Children & Pet . Part 2 will address Facilitate the Probate Process and Minimize Estate Taxes. Part 3 will address Decide Who Will Administer Your Estate and Disinherit Individuals You Do Not Want To Receive Your Property. Part 4 will address Make Gifts and Donations and You Can Always Update Your Will. Part 5 will address Avoid Legal Challenges and Tomorrow Is Not Promised.
A person who makes a will is known as a testator. Those who die without a valid will are “intestate.” If you die without a will, a probate court distributes your estate according to your state’s intestacy laws. There is no guarantee that these state laws align with your wishes. Drafting a will is the easiest way to keep your family heirlooms and sentimental possessions out of the hands of an ex-spouse or estranged relative.
Making your wishes known also reduces family infighting. Your children can’t argue who gets Mom’s jewelry if she has written it down.
A will gives you the power to decide who will care for your minor children if something happens to you. If you do not make this decision in a will and the child’s other parent is not living or available, a court will appoint a guardian. The court will most likely select the guardian among your family members, but you know your child best. Appointing a trusted guardian in your will ensures that this decision remains with you. You can rest assured that your child does not end up in the wrong hands.
And don’t forget your furry friends! Pets are considered property and can’t inherit. In your will, you can arrange for a caregiver to care for your pet.
If you are planning your estate, making a will or updating your will, the best thing to do is consult with a local Amarillo Texas estate planning attorney to make sure you are following the laws and regulations of your respective state. Many people have similar questions and go through the same line of questioning when deciding how to make or update their estate plan. It can be and often is critical that you get legal help understanding the basics of this process. The best way to get this understanding is to contact an experienced Amarillo Estate Planning attorney near you. Stop and take a breath and call an Amarillo Estate Planning Attorney who has had decades of experience. Pick up the phone and call Amarillo Estate Planning Attorney Bill Cornett. Bill is your choice as an experienced estate attorney in Amarillo and the Texas Panhandle. Don’t waste another minute. Call him today.
Your most important action may end up being the phone call that you make to your Amarillo estate planning attorney lawyer. In the Texas Panhandle that call should be to Amarillo attorney Bill Cornett. Whether you need assistance with a will, administration of an estate or a contested probate, contact the Law Office of Bill Cornett. Be smart…remember these phone numbers (806) 374-9498 or (800) 658-6618.
Bill Cornett, Amarillo Attorney, with Cornett Law Firm, offers affordable, qualified services as an experienced personal injury lawyer and probate attorney. Bill also has experience in estate planning and agriculture law. Sit down with Bill at his office located at 612 S. Van Buren St. in Amarillo TX by calling (806) 374-9498 or (800) 658-6618 TODAY to schedule a free consultation.
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Bill Cornett grew up on a farm in Knox City, Texas. He received his Bachelor of Science in Agricultural Economics from Texas Tech University and his Doctor of Jurisprudence from the University of Houston Law School. Bill was licensed to practice law in the State of Texas in 1973.