Regardless of your age or your finances, having a simple will is one of the most important and easy steps you can take to ensure your wishes are respected and your loved ones are cared for. In Texas, creating a simple will allows you to control how your assets are distributed after you pass, making the process smoother for your beneficiaries and helping to avoid any potential complications.
What is a Simple Will?
A simple will is a straightforward legal document that outlines your instructions for distributing your assets, for instance money, property, vehicle or any personal belongings, after you pass away. It also allows you to designate a guardian for any minor children. Simple wills, unlike more complex estate planning, usually do not involve complicated tax issues or significant money management and ongoing family needs, making them good options for those with smaller estates.
Key Benefits of a Simple Will
Creating a simple will in Texas offers several advantages:
- Avoids Intestate Succession: If you pass away without a will, the state of Texas will decide how to divide your assets according to intestate succession laws. In other words, without a will in place, your assets may not go to the people you wish to have them.
- Names a guardian for minors: Your will can name a person to care for your children in the event of your death. Without this in place, the court could decide who takes care of your children.
- Peace of Mind: Knowing that your affairs are in order gives you peace of mind and relieves your loved ones of the stress of managing your estate without clear guidance, after your death.
- Affordability and Simplicity: Creating a simple will is affordable and doesn’t require a complex legal process. As your circumstances change throughout your life, it can easily be updated.
Who Should Have a Simple Will?
The short answer is: every adult. You may think that only people who have amassed large sums of wealth need a will, but that’s definitely not the case. Whether you own a home, a car, or have treasured and meaningful possessions that you want to pass down to specific people in your life, a will ensures your belongings end up with the right people. It’s particularly crucial for parents, homeowners, or anyone who wants to control how their belongings are distributed.
Don’t leave your legacy to chance. Unconstested.com is an evolving platform and we are regularly adding new products that make life easier for people wanting to take control of their lives and help those they care about. Stay tuned as we expand our services to address simple wills and family trusts.