While it is possible to prepare a will on your own, you may find that you’ve taken on an extremely complicated task. If you want to protect your assets and ensure your family and other intended beneficiaries are taken care of in the event of your death or incapacitation, here are some things you need to consider first.
Understanding of Estate Laws
When it comes to creating a will, you’ll need to research and understand Texas estate laws. Without a knowledge of how estate planning works with your state’s laws, you’ll be leaving yourself open to many errors. Ensuring the will you created is actually binding is very important. Avoid complications by hiring an estate attorney to assist you.
Common Mistakes in DIY Will Preparation
While do-it-yourself wills may save you a few dollars, you could be making costly mistakes in the long run. The following are the most common errors people make when writing their own will:
- Improper witnessing
- Using the wrong legal verbiage
- Not understanding how to properly will foreign assets and properties
- Not understanding how inheritance tax works
Another common mistake in DIY will preparation is procrastination in getting it completed to keep you and your family protected. Making an appointment with an estate planning attorney today can relieve stress should you or your family need to get a plan in order at the last minute.
Why You Should Hire an Estate Attorney
An experienced estate attorney understands all the laws and can ensure that any potential problems with your will can be avoided. Having an attorney on your side that knows the sensitive nature of estate planning matters can make all the difference. Working with a skilled attorney can be beneficial to you, your assets, your family, as well as your future.
Estate planning and having a will in place can give you and your family peace of mind in protecting your assets. For all your estate planning needs, Contact Auten & Willingham, P.C. today at (214) 643-8757 today to get started.