Have you ever heard, “Live each day as if it’s your last?” Having a will gives you the peace of mind that if today is your last day, you’re prepared. A will puts the distribution of your assets into your hands instead of the state statutes and ensures that your property and other belongings will go to the people of your choosing. Wills can be as simple or as detailed as you desire and the situation demands.

Your will designates an executor who manages the details of your estate. They are responsible for gathering your property, identifying and paying your debts, and then distributing the remaining property according to directions from your will.

You may distribute your property directly to the intended recipient or have it held in a trust. This provides a great deal of flexibility when planning for your loved ones, charities, or any other beneficiary. For some families, a trust is the best way to protect your assets. One common trust is a minor’s trust which is established for the future care of a minor allowing the caretaker to gain access to the funds for health, education, maintenance and support of your loved one.

If you have minor children, it’s important for you to designate a guardian for them. You can also identify individuals who should not be appointed as their guardian. By naming a guardian you will minimize the amount of court involvement in the care of your child.

Failure to have a valid Texas will can result in a longer, more costly process that will reduce the assets available to provide for your loved ones. Furthermore, you may wish to provide for individuals not recognized as your family by the State of Texas. Without a will, the court will not have any way to carry out your wishes and will be bound by the guidelines of the state. Creating a will expedites the probate process and can be a much more straightforward process.