Estate Planning » Wills
A well drafted Will can be the cornerstone of your plan
A Will is the basic document for the transmission of property at death. It allows you to express your wishes in a legally binding manner and to determine who will receive your property, and how it will be managed after your death and by whom. Through a properly prepared Will which creates carefully thought out trusts, you can take advantage of tax savings opportunities, protect your spouse and children from creditors, and insulate the assets passing to your heirs from the claims of their spouse in divorce. Additionally, you can select guardians for you children, and create a special needs trust if applicable.
Although a Will must pass through probate, that process in Texas is extremely simple with a properly drafted Will. Aside from a short hearing, the Probate Court is not involved in the administration of your estate. (See the section on administration of Estates for more details.)