General Rule Your will generally controls how the assets owned by you at the time of your death are distributed. The assets controlled by your will are referred to as “probate assets,” because a probate proceeding is necessary for the transfer of title to these assets. Exceptions The assets which are not controlled by your…
There are two reasons I would not recommend that you prepare your own will. The first is that any problem with the language of the will or the way it was executed could cause the eventual probate to be extremely costly and time-consuming. The flat fee charged by most attorneys for wills is minimal compared…
Having a will saves time and money, as distributing property pursuant to a will generally takes less time and money than distributing property pursuant to the Texas laws of intestate succession which govern if there is no will. Having a will also gives you the power to make these important decisions: 1. Who will inherit…