Will Attorney in Burleson &
Fort Worth, TX

Who would inherit your estate if something happened to you?

It can be difficult to think about the end of life, but it’s necessary if you want to make sure your assets go to the right person or people.

Types of Wills

A last will and testament is a legal document that takes effect upon death. It provides instructions regarding the distribution of assets, designates an executor to carry out a person’s wishes, and manages financial affairs. Wills can protect assets and inform survivors on how to administer an estate. There are three types of wills that are often the foundation of any solid estate plan:

  • Simple will – This will is designed for those with simple estates, a small number of assets, and a straightforward designation of beneficiaries; it allows for the identification of a guardian for children if both parents pass. This is the most common form of will.
  • Complex willThough similar to a simple will, this type of will offers extra features such as testamentary trusts or disability trusts. A complex will may be a good fit if you:
    • Own valuable assets where estate taxes will apply
    • Want to establish a special disability trust for a disabled child
    • Have a beneficiary that is likely to receive $500,000 or more
    • Have a former spouse
    • Own a business
    • Want to set up a trust for your children that allows them to receive a certain amount of money after a certain age
  • Living will – This document allows people to state their preferences for end-of-life medical care; it is often used when someone becomes unable to communicate their decisions. This document is also known as a Directive to Physicians or an Advance Directive.

Will Attorney in Fort Worth | Lovelace Law, P.C.

The Importance of Drafting a Will

Administering an estate in which a will is present is vastly preferable to dealing with an estate without one. Without a valid will, you risk becoming an intestate. This means that the intestacy laws of your state will determine how your property is distributed in the event of your passing, including any bank accounts, securities, real estate, and any other assets you own. With the help of an estate planning attorney, a properly drafted will can mitigate this risk, minimize family disagreements, and help your loved ones avoid a will contest that leads to a court meeting.

A will is important for all individuals and families, regardless of age, health, or the size of your estate. This document can also reduce the expense of probate and minimize estate tax liability. By drafting an enforceable will, you ensure that your assets are rightfully inherited and controlled by the individual or party you choose.

A Will Attorney Can Help

The input of an experienced estate planning attorney is essential if you want to continue to financially provide for your loved ones in your absence. Our attorneys provide you with thoughtful recommendations, honest answers to your questions, and the facts and legal options you need to make wise decisions — your final gift to those you love most. 

Frequently Asked Questions – Hiring a Lawyer to Write Your Will

Why should I hire a lawyer to write my will?

Hiring a Fort Worth lawyer to write your will ensures that your wishes are legally documented, reducing the risk of disputes or challenges after your passing. A Lovelace Law attorney can also provide valuable advice on estate planning, tax implications, and guardianship issues.

What can I expect during an initial consultation with a wills and estates lawyer?

During your initial consultation, a wills and estates attorney will discuss your personal and financial situation, family dynamics, and your wishes for asset distribution. They will explain the legal process, answer your questions, and provide guidance on creating a comprehensive and legally sound will.

What documents should I bring to the consultation?

For an effective consultation, bring any existing wills or estate planning documents, a list of your assets and liabilities, information on beneficiaries, and details about potential guardians for minor children. This information helps the lawyer tailor their advice to your specific needs.

How long does it take to create a will, and what is the typical timeline?

The timeline for creating a will varies based on factors such as the complexity of your estate and the lawyer’s workload. Generally, it takes a few weeks from the initial consultation to the finalization of the will. However, urgent situations can expedite the process.

What are the potential costs associated with hiring a lawyer to write my will?

The cost of creating a will depends on factors like the lawyer’s fees, the complexity of your estate, and any additional services required, such as establishing trusts. Discuss fees and payment structures with your lawyer during the initial consultation to understand the potential costs involved.

Can I update my will in the future if circumstances change?

Yes, it’s essential to review and update your will periodically, especially if significant life events occur, such as marriage, divorce, or the birth of children. Your lawyer can assist with amendments (codicils) or recommend a complete rewrite if necessary.

How can I ensure the privacy of my will and estate details?

Your will becomes a public document after probate. To enhance privacy, consider using trusts or other estate planning tools. Discuss confidentiality concerns with your Fort Worth lawyer, and they can guide you on strategies to minimize public disclosure of your estate details.

What role does an executor play in a will, and how do I choose one?

An executor is responsible for carrying out the instructions in your will, including managing your estate, settling debts, and distributing assets. Choose someone trustworthy, organized, and willing to assume the role. Discuss your choice with them before naming them in your will.

Can I include funeral and burial instructions in my will?

While it’s possible to express your funeral and burial preferences in your will, these instructions may not be read until after the funeral. It’s advisable to communicate these wishes with your loved ones and appoint someone trustworthy to handle these matters promptly.

What happens if I die without a will (intestate)?

If you pass away without a will, your estate will be subject to the intestacy laws of your state. This means the court will determine the distribution of your assets, which may not align with your preferences. It’s crucial to have a will to ensure your wishes are respected.

Protect your estate in life and death; contact a will attorney today.

For extraordinary legal representation that expresses your wishes and minimizes estate taxes, contact Lovelace Law, P.C. to schedule your free initial consultation with a will attorney.

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