When Is the Right Time to Create Your First Estate Plan?
Many people wait until retirement to think about estate planning, assuming there is nothing urgent to protect earlier in life. In reality, anyone with a bank account, a car, or a young family already has something worth protecting. Deciding to create an estate plan that Texas residents can rely on does not require significant wealth, just a clear plan for what happens if the unexpected occurs. Wills attorneys often meet first-time clients in their late twenties or early thirties, and a last will and testament lawyer can put the basic documents in place quickly. What Happens Without a Plan Dying without a will means state intestacy laws decide who inherits, which may not match a person's actual wishes. The Texas State Law Library explains that in Texas, a surviving spouse and children typically inherit probate assets, but the exact division depends on family structure and whether property is separate or community. A probate and estate lawyer often sees families su...