
Do you have a will? If not, you should. Without a will, your assets are distributed according to the Texas Estates Code, which is a detailed and complicated set of laws. A well-drafted will can help you avoid court interference by providing clear instructions on how you want your estate to be handled. In addition, the will can name an executor who would take care of your estate administration and distribute your assets according to your wishes.
If you have minor children, you may also want to consider a trust attorney for them. A trust allows the inheritance received by your children to be managed under the supervision of a trustee until they reach adulthood. This involves setting up a trust document for each child and an agreement between yourself and the trustee regarding how much control is given over the property during the term of their life (this should be limited to emergencies only). It's important to note that there is no age requirement for establishing these trusts – from infancy through adulthood – trusts can be used in various capacities. Gottfried Alexander Law Firm - Austin, TX in Austin has been offering reliable legal services for years.
We look forward to serving you too. Call us today.
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