Preparing a last will and testament can be a daunting experience because creating such an important document gives people an overwhelming number of things to consider. But this is where Fryer and Hansen can help. Our McAllen estate planning attorneys want to make things easier for you, so consider these five helpful questions to ask yourself as you prepare your documents.
Who Will Be in Charge of My Estate?
The primary goal of estate planning is ensuring that your legacy and belongings are carried out how you want. This means someone you trust must be able to oversee and execute your estate plan in the manner you created. It’s incredibly important to choose an executor you can count on. This can be anyone, it doesn’t have to be a lawyer, but we are here to provide assistance if you need it.
What Should My Funeral Arrangements Be?
Some people wish to be buried in a place special to them. Others prefer cremation and no funeral services. Whatever you prefer, it’s important to specify how you wish for things to go after you pass.
Who Will Care for My Children?
As you can imagine, your children are of extreme importance when it comes to your last will. As a parent, you must determine who will care for your children (if their other parent isn’t in the picture) in the event of your death. This includes deciding who will be their guardian, where you wish for them to go, and the financial backing you wish to leave for them.
When Should I Change My Plan?
Life can be full of surprises, and many of them can cause you to reevaluate your previously laid-out plans. As the years go by and changes come your way, you may choose to amend your will to best adjust to said changes. It’s up to you to decide which life events call for changes in your plan.
What If My Beneficiary Passes Before I Do?
There’s a chance that whoever you choose as your beneficiary will pass before you do. It’s why it’s so important to create backup plans in your last will and testament if this ever happens. You need to decide who else is eligible for your distributions, if your initial beneficiary’s next of kin will receive anything, etc.
Draft Your Will in McAllen
At Fryer and Hansen, we know just how overwhelming estate planning can be. With so many decisions to take and steps to follow, it can be easy to overlook some aspects. Contact us today in McAllen for more information about how we can help.