Will Attorney in Arlington

Fear of dealing with an attorney is often a significant hurdle when it comes down to having a will—or an entire estate plan—prepared. Many people feel the attorney will think they are uninformed or unsophisticated. Others may fear they will not understand the process, particularly the financial aspect, and will end up paying more than they can afford.

At Jackson, Landrith & Kulesz, PC, we believe that the key to overcoming these fears is finding the right lawyer. As with any important decision, it is always good to do your research. You will find our staff to be understanding and helpful to you throughout this process.

We would like to have you discuss your estate planning issues with an attorney from our firm. While the process of making a will may seem relatively simple, many state laws direct how the procedures must be navigated. Our highly experienced estate planning attorneys will ensure you receive a will (or entire estate plan) that is tailored precisely to your unique life circumstances, and that there will be no surprises as far as cost.

Reach out to Jackson, Landrith & Kulesz, PC at (817) 587-6452 or connect with us online today for trusted Texas estate planning guidance.

Do You Need a Will?

When you create a last will, you are laying out a plan for the desired distribution of your assets after your death. A valid Texas will will provide you the opportunity to make arrangements to distribute your property and other assets to your spouse, your children, other loved ones, or charities, rather than allowing the state of Texas to make those decisions for you. While most adults are aware they need at least some level of estate planning, according to Forbes, as many as 51 % of individuals between the ages of 55 and 64 do not have a will, and 62% of individuals between the ages of 45-54 do not have a will.

Those who die with no type of estate plan in place might be dismayed to find that individuals they would never want to inherit their assets could do so under Texas intestacy laws. Further, if you have young children and you die with no will in place, the state of Texas will also choose a guardian for the children, n—and the guardian the state chooses might be a person you would never want to raise your children. If you do not want to leave these incredibly important decisions up to the state of Texas, then it is time to have a will drafted, or perhaps even consider a comprehensive estate plan. There are different types of wills, including:

• Simple Will—This is a basic will for those with a relatively small estate with few expected complications. A simple will allows you to leave your assets to those you choose as a guardian for your minor children, and name an executor (a person who will ensure your wishes are properly followed and who will handle the probate process).
• Testamentary Trust—Often, wills are drawn up that upon death, some or all of the estate will pass into a trust for the benefit of someone, such as a child or disabled person, to be managed by a trustee and benefits paid to or on behalf of the beneficiary as stated in the paperwork.

When you are deciding whether to create a will, consider these practical questions:

• Who should inherit your home, savings, and personal property if you pass away, and are you comfortable with Texas intestacy laws making that decision for you?
• Who will care for your minor children, and do you want to name a guardian yourself rather than leaving that choice to a court in Tarrant County?
• Who will manage the process of gathering your assets, paying valid debts, and distributing what is left? Have you discussed this responsibility with a trusted person?
• Do you own a business interest, rental property, or out-of-state assets that may require more detailed planning than a basic will alone can provide?
• Would you prefer to work with a local law firm in Arlington that can help you coordinate your will with beneficiary designations, powers of attorney, and other estate planning tools?

When you meet with a will attorney, you can talk through which type of will fits your situation, how your property is titled, and what goals you have for your family or charitable giving. A lawyer can also explain how your will interacts with Texas community property rules and nonprobate transfers so that the documents you sign match what you intend. For individuals and families in Arlington and the surrounding Tarrant County communities, this conversation often includes how a will would be handled in the local probate courts and what you can do now to make things easier on your loved ones later.

What Can a Will Not Do?

There are many important things a will can do; however, there are also some things a will cannot do, such as:

• A will does not help your loved ones avoid probate.
• A will does not change the beneficiaries of property held in banks or other assets that have a beneficiary designation;
• A will has no control over any assets transferred to a living trust;
• A will has no bearing on a named life insurance beneficiary;
• IRAs, 401(k) programs and other retirement programs do not go through your will, unless specifically designated with the program;
• Certain stocks and bonds will not go through your will.
• Payable-on-Death bank accounts will not go through your will.
• No money may be designated in your will for any type of illegal purpose.
• The long-term care of a loved one cannot be provided for in your will, except by testamentary trust, and
• You may not leave money to your pets in your will, although you can leave your pet to the person you choose, then provide money to that person for the care of the pet.