Wills Archives

Estate planning options for leaving funds to younger generations

It is common for people to want to leave something behind for their loved ones. As they work through the estate planning process, they may consider the various ways in which they could leave bequests to younger generations. Of course, most Texas residents do not want their young loved ones to spend their bequests irresponsibly and may wonder what they can do to prevent that.

Remember to account for digital assets when estate planning

Most people save photos, videos, important documents and other items in digital form without thinking about it. In fact, it may seem more unusual to actually have physical photos printed than to just post digital copies on social media. While this may seem convenient now, these digital assets could cause complications later if Texas residents do not account for them while estate planning.

Considering how to keep wills, other documents safe

After creating an important legal document, it is vital that the document is kept safe and is easily accessible. This is particularly true for Texas residents who have created their wills and other estate planning documents. Finding the right place to store these records can ensure that they are available when needed.

Estate planning for the business owner can help current affairs

Many Texas residents have worked hard to build the legacies that are their businesses. They may have had dreams of it being a family business or of simply passing it on to the next qualified person in order to keep it up and running. Whatever the case, including details about a business during estate planning is wise.

Inventorying assets a good estate planning starting point

When starting an estate plan, many people think they should immediately think of who should get what. While making designations for property distribution is certainly important, Texas residents first need to know exactly what assets they have. As a result, it may be wise to start an inventory as they being estate planning.

Careful estate planning may reduce family conflicts

The idea of creating an estate plan can leave many Texas residents feeling overwhelmed. Though they may have ideas about how they would like to distribute their remaining assets and ideas relating to other estate planning matters, they may worry about how their family dynamics will affect how well those plans are carried out. It is true that family relationships can cause difficulties during probate, but individuals could take steps to reduce the potential for conflict.

Wills can include a lot of valuable information

Creating a will is an important part of any estate plan. This document can include much information that surviving family members will find valuable when the time comes to close the estate of a loved one who recently passed. Of course, many Texas residents may not know what to include in their wills.

Estate planning steps can help simplify probate

Many Texas residents undoubtedly know that going through the probate process can be difficult on surviving family. Individuals may have had to carry out the proceedings for their own loved ones and know firsthand how long the process can take. As a result, they may want to do what they can to simplify the probate process by estate planning.

Estate planning has uses for any adult

Understandably, many Texas residents may have mixed feelings about creating estate plans. In many cases, individuals do not participate in estate planning or do not do so sooner because they don't understand how useful these plans can be. They may have mistaken notions that estate plans are only for certain types of people, but really, they are for everyone.

Contact Kolb & Murray, P.C., at 830-386-4801 to schedule your initial consultation with an experienced law firm devoted to serving you, your family and your business.

Send Us An Email

Contact The Firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Kolb & Murray, P.C.
515 East Court Street
Suite 100
Seguin, TX 78155

Phone: 830-386-4801
Fax: 830-372-2320
Map & Directions

American Academy of Attorney-Certified Public AccountantsAn experienced law firm dedicated to serving you, your family and your business.