Everything You Need to Know About Creating a Will in Houston
As a Houston estate planning attorney, I know it’s important to have your affairs in order and to know what will happen to your assets after you pass away or become incapacitated. However, the majority of Americans don’t have wills and it can be extremely difficult to know where to begin when creating one. In this guide, we’ll help you answer all of your questions about wills in Houston and what you need to do before you finalize yours.
The information below applies to those with relatively simple estates, including real estate and personal property valued at $100,000 or less. For individuals with more complicated situations or who own property or have debts exceeding these limits, it is important that you speak with an attorney about your options. In order for a will to be valid, it must meet all of Texas's legal requirements. These requirements are as follows:
The will must state that it is your last will and nothing else; It must be dated (wills may be created anytime after birth); It must contain specific instructions regarding how your property should be disposed of upon death, and It must designate an executor who can oversee the distribution of your assets upon death. Individuals interested in creating a will should first determine whether they want their spouse or children to receive their assets if they pass away. If this is the case, the individual should update his/her existing wills or create new wills specifying how he/she would like their assets distributed. Next, the individual needs to select a guardian for any minor children in his/her family if he/she passes away before them and if applicable, appoint an executor and decide on guardianship of any pets left behind.
Finally, I recommend reading up on Texas law so that one understands what kind of limitations might exist depending on one's age and other factors. I hope this post has helped you better understand what a will entails and given you some ideas about creating your own! As always, please feel free to reach out to me if you have any questions or would like help crafting your final wishes.