Estate Planning: Wills
Having a valid Texas Will in place at your death can make it easier for the administration and distribution of your estate, for your loved ones left behind. A Will allows you to name persons, trusts or charitable organizations that you choose to have receive your assets when you pass away. When you have a Will you can also designate an executor to administer your estate in probate and you can also nominate a guardian for your minor children.
There are two basic types of wills recognized in Texas, with the most effective being the Attested or Formal Will.
- The Attested or Formal Will
This document is in writing and is witnessed by two or more persons - The Holographic Will
This document is wholly in the testator's handwriting and I also signed by the testator.
The laws for Texas Wills allow for your spouse, your children, other loved ones, and pets to be provided for after your death. Although current Texas Will law does not have specific statutes pertaining to providing care for pets, a testator may specify a beneficiary as the new owner of a pet.
