Every person who has property should have a will. Wills are the vehicles by which people state where their property will go upon their death. Everyone thinks that their family will do what they want, or “honor their wishes”, when they die. Unfortunately, the sad reality is, that is not always the case. A will helps to ensure that a person’s wishes will be carried out.
Family Law Attorney to Protect Your Will
Wills also appoint the executor of a person’s estate. This is the person that handles the distribution of the estate after the testator (person writing the will) dies. The executor will distribute the property according to the will and insure that the debts of the estate are paid. If you have minor children, you may also appoint a guardian for your children within your will. However, children will usually go with the other parent first, and only with the designated guardian if both parents are deceased. Additionally, you may appoint a guardian of the children’s estate. This may or may not, be the same person.
It is not necessary to give a complete listing of your property to prepare a will. It is only necessary to include the specific items in your will that you wish to give to a particular person. However, if you have a large estate, it may be necessary to take steps to insure that you distribute your property in a manner that reduces your tax liability.
Make sure your will is properly executed and your assets distributed. Get the Law Office of Wendy L. Hart for Fort Worth’s top family law attorney.
Contact us at (817) 842-2336 or fill out our online form to set up a consultation today.