Wills Archives

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.

Forgetting digital assets is an estate planning mistake

Technological advances affect Texas residents and those elsewhere in various ways. In fact, many people put a considerable amount of their lives online, and as a result, they create a number of digital assets. However, because these assets are not as tangible as physical assets, they may not always remember to account for them while estate planning.

Texas residents can start small when it comes to estate planning

Not knowing how to get started can often cause people to put off important tasks. For instance, some Texas residents may procrastinate when it comes to estate planning because they do not know where to start. This feeling is understandable as many decisions need making for such plans. However, putting the task off for too long could have detrimental outcomes.

The holidays can be the perfect time to start estate planning

The holiday season often has Texas residents thinking about their families. While these thoughts could revolve around any number of topics, it could have some parties considering estate planning. Having estate plans can help ensure that loved ones are not left without vital information when they may need it the most.

Updating wills is vital after divorce

Life comes with changes around every corner. For some Texas residents, going through divorces could turn their lives in completely different directions. While focusing on the divorce is important, it is also wise for parties who have already created their wills to go over the information in those documents to determine how the results of the divorce could affect their estate plans.

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.

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Seguin, TX 78155

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