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Many people postpone writing a will. Maybe it’s because we don’t want such a tangible reminder of our mortality. Or perhaps we view the process as relinquishing the ownership of our property. Whatever the excuse may be for putting off the drafting of a will, many people do not realize that writing one actually prevents what is feared. In fact, a will may be the most important document that you ever write, because it allows you to select the persons who will receive what you own when you die. If you don’t have one in place, you cannot select the recipients of your property and the state you reside in will determine how your property is divided.
In simple terms, a will is a legal document that dictates how you want your assets to be distributed after you die. It’s a fluid document because it has no effect until you are gone — you can change it whenever you want. To be valid, however, the document must comply with several requirements under state law— the number of witnesses, whether it must be typed or handwritten, and others— all of which are fairly standard state to state and very easy to satisfy.
Source: What Is a Will & Why Do You Need One? Research and Insights | Wilmington Trust. (2018, October 4). Retrieved October 14, 2021, from https://library.wilmingtontrust.com/wealth-planning/the-importance-of-a-will.
Here are the requirements for a valid will in Texas:
Source: Write your legal will online, Free & Simple. FreeWill. (2021, May 7). Retrieved October 14, 2021, from https://www.freewill.com/learn/texas-last-will-and-testament.
Nationwide – in partnership with FreeWill – now offers an online will planning tool for our clients to use. FreeWill lets you make your last will and testament quick, easy, and completely free. It is a simple online legal will maker that helps you compile will forms to print and sign, or to take as a basic will template to an estate planning lawyer. FreeWill is built alongside will making experts.
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