Creating an estate plan may be one of the most difficult things that you do in your entire life. This is because you have to navigate both your emotions and Texas law when crafting it. However, there are some ways that you can make the process as easy as possible.
Keep the lines of communication open
There is no date by which you need to actually prepare a will or create a trust. Instead, it may be best to have ongoing conversations with a spouse or other family members about what your estate planning goals are. Once you understand what your needs are, it becomes easier to actually put your wishes onto paper.
Life events can compel you to take action
It isn’t uncommon for a major life event to spur you into finally writing a will or making other estate plan documents. For instance, you may want to do so after a child is born or after getting married. A trust can be ideal for those who have special needs children or who are thinking about starting a business. A divorce or death in the family could make it necessary to update or revoke existing plan documents.
Have a plan reviewed before it is executed
It is advisable to have an attorney review your plan before any documents are executed. This may help to ensure that they are valid under state law and that the language of these documents accurately reflects your wishes. Making changes to a document before it becomes official instead of after will likely save you time and money.
While planning for your future is not an easy task to accomplish, it is an important one to complete. An attorney may be able to help review your plan before or after one or more documents are officially executed. This may ensure that it meets your objectives.