Determining how you would like your estate, assets, and property to be handled upon your death can save time, money, and stress for your loved ones. According to a 2021 Wills and Estate Planning Study by Caring.com, about one out of three American adults (32.9%) have a will or estate plan. Regardless of how large or small your estate may be, drafting a last will and testament allows you to provide detailed instructions about how your estate and assets should be handled when you become unavailable.
If you need detailed guidance creating your will or want to understand the estate planning process, it is important that you speak with a knowledgeable Texas estate planning attorney. Redding Law Office is committed to offering outstanding legal services and handling estate planning legal matters, including wills, trusts, probate, guardianships, and powers of attorney. Attorney Chelsea Redding is available to discuss your unique situation and explore your estate planning options. She can offer you the comprehensive legal counsel and reliable advocacy you need to draft or update your will and help you navigate crucial decisions.
Redding Law Office is proud to serve clients across Southlake, Tarrant County, and Denton County, as well as the surrounding cities of Flower Mound, Keller, and Colleyville, Texas.
Overview of Wills
A will, also referred to as last will and testament, is a legally binding document that provides specific instructions regarding how an individual wants their estate, including assets, property, business investments, and interests to be handled – distributed to beneficiaries or disposed of – upon their death. The person who makes a will is known as the testator.
Specifically, a last will and testament allow you to:
- Determine how your estate should be handled upon your death
- Provide detailed instructions about how your estate should be administered
- Decide who receives certain property or assets when you're gone
- Choose a personal representative who will administer your estate according to the provisions of your will
- Give assets to a spouse, heirs, family member, dependents, and other close relatives
- Leave an inheritance for minor children
- Name a trusted person (guardian) to help care for and manage assets left for minors
- Give gifts to schools, charity organizations, and non-profits
- Gift personal belongings for your family members and close relatives
- Choose a caretaker for your pets