Don’t let procrastination thwart your intentions on who should inherit your estate.
Having certain documents organized and readily available would be extremely helpful to a surviving spouse, executor or family member having to handle a loved one’s affairs:
While initiating probate can wait for the family’s grief to pass, getting the final affairs of our loved ones in order has an expiration date, of sorts.
Many people get the estate planning process started, only to be side-tracked by life events, leaving document drafts unsigned. This means these new Last Wills, powers of attorney and other documents are of no legal force or effect, with possibly serious and unintended consequences.
When were your estate planning documents signed?
Many resolutions relate to getting our affairs in order, but some of us struggle with exactly what that phrase means. For example, what kinds of powers of attorney or other documents, aside from a Last Will, do I need? The Texas Attorney General has some thoughts, and while they are aimed at “Senior Texans,” the information is helpful to Texans of all ages.
Many of our clients make New Year’s resolutions to create or update their estate plan. For those preparing for their first estate plan and feeling a little overwhelmed, we offer this article on Estate Planning 101: