A will can be an effective tool for those who are looking to exert greater control over what happens to their Texas estate after they pass. A will can also be used to appoint a guardian for a child. However, if this document is not structured properly, it may be harder to carry out your final wishes in a timely manner.
Make sure to account for digital assets
If you have a social media presence, have an online bank account or purchase digital currencies, you have digital assets. The same may be true if you have ever published a blog post or own the rights to a domain name. In addition to clarifying what should happen to these items, it is important to let your executor know how to access the computers, smartphones or other devices that your data is stored on.
You should name an alternate beneficiary
There is a chance that a friend, child or other primary beneficiary may pass before you do. There is also a chance that a beneficiary will be too young to legally inherit property at the time of your death. Naming an alternate beneficiary may minimize the chances that a judge decides who receives items held in your estate. An estate planning attorney may be able to help you account for these issues before it’s too late to change your will.
It may make sense to name an alternate guardian
A person who is named in your will as a potential guardian for your children is under no obligation to fulfill this role after your death. Therefore, it may be a good idea to name multiple people who you trust to serve in such a capacity. Doing so may avoid the need for a court hearing to determine who should be tasked with raising your children.
If you have any questions about creating a will, it may be a good idea to speak with an attorney. A legal professional may help you craft a document that meets your needs while ensuring that it adheres to state law.