3 Risks of Not Creating an Estate plan with our McAllen Attorneys

Many people consider estate planning a complex and time-consuming task of massive proportions. Yet it doesn’t have to be, especially if you count on the guidance of our McAllen Attorneys. We want you to consider the alternative scenario in which you choose to forgo estate planning. The repercussions can leave a chaotic aftermath for your loved ones upon your passing. Read how below on creating an estate plan with our McAllen attorneys.

Your Children’s Future

An estate plan serves as a vital tool for outlining instructions regarding the care of your children. By appointing a legal guardian in your plan, you can ensure their well-being, especially if they are still minors. If you don’t have an estate plan, the court may decide what happens to your children.

Preserving and Distributing Your Assets

The absence of a will leaves your assets vulnerable to probate court proceedings. When this occurs, the court determines the classification of your possessions as separate or community property. Separate property typically refers to assets acquired before marriage, which may not be subject to distribution.

On the other hand, community property earned during marriage can be divided among family members at the court’s discretion. It is crucial to note that probate courts prioritize spouses, ex-spouses, and children, often giving little consideration to others who may have been significant in your life.

Ensuring Your Preferred Medical Care

In the absence of a will, and if you are incapacitated, a probate court will appoint a healthcare guardian on your behalf. This individual would be able to make significant choices, such as engaging legal representation for managing your estate or advocating for your best interests if disagreements arise among your family members. However, having a will in place, you can preemptively address potential issues by designating your guardian and outlining the steps for your medical care and future.

Provide Protection for Every Scenario

You can create various documents with our McAllen attorneys that can protect you and your family’s best interest. Ask us how to draft:

  • Wills
  • Trusts
  • Power of Attorneys
  • Advanced Directives
  • Special Deeds for Real Estate
  • Do-Not-Resuscitate (DNR) Orders

Read More from our McAllen Attorneys

3 Probate Mistake our Lawyers Wan You to Avoid

3 Not-So-Common Facts From our Estate Planning Lawyers in McAllen

What to Consider When Creating a Will or Trust for your Estate Plan

Estate plan with our McAllen Attorneys

Estate plans are the most important items in the lives of your loved ones, capable of dictating so much in their presence or complete absence. Contact our McAllen estate planning lawyers at Fryer and Hansen today to discover the numerous benefits and gain peace of mind with a well-crafted estate plan.

Leave a Reply

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>