Estate planning can feel overwhelming—but it doesn’t have to be. The attorneys in McAllen TX at Fryer & Hansen are here to simplify the process and answer the questions they hear most often. Whether you’re starting from scratch or updating your existing plan, this guide can help you move forward with confidence.
Choose the Right Tools for Your Family’s Needs
One of the most frequent questions is whether a will or a trust is the better option. While both are useful estate planning tools, they serve different purposes.
Here’s a quick breakdown:
- Will: Goes into effect after your death; outlines how your assets are distributed and names guardians for minor children.
- Trust: Can take effect during your lifetime; allows assets to be transferred without going through probate and provides more control over how and when assets are used.
Many families use both to cover all bases. The right combination depends on your financial goals, family dynamics, and estate size.
When Should I Update My Estate Plan?
Your estate plan isn’t something to create and forget. It should evolve as your life does.
You should consider updating your documents when:
- You get married or divorced
- You have or adopt children
- You move to another state
- You acquire new property or assets
- A named executor or beneficiary passes away
- Laws change that may affect your plan
Our attorneys in McAllen, TX, regularly review estate plans to ensure they’re accurate and reflect our clients’ current wishes.
How Can I Avoid Probate?
Probate can be a long, expensive process. Fortunately, there are ways to avoid or minimize it.
Strategies may include:
- Creating a revocable living trust
- Naming beneficiaries on retirement accounts and life insurance
- Titling property jointly with rights of survivorship
- Adding transfer-on-death or payable-on-death designations
Taking these proactive steps now can spare your loved ones unnecessary hassle down the road.
Talk to Attorneys in McAllen TX
Estate planning isn’t just for the wealthy—it’s for anyone who wants peace of mind. Whether you have a simple estate or complex assets, the attorneys in McAllen, TX, at Fryer & Hansen can provide clear answers and trusted legal guidance.
Schedule a consultation today to get help crafting an estate plan that fits your life—and protects your future.