When it comes to wills and estate planning, many have the misconception that this is something reserved for the elderly or wealthy. This couldn’t be further from the truth. At Fryer and Hansen, we want to set the record straight with valuable and dependable information that our McAllen estate planning lawyers can provide.
When You’re Single
The great thing about an estate plan is that, as your life changes, you’re allowed to update its terms as you see fit. For instance, let’s say you prepare an estate plan while single but get married a few years later. You can update your estate plan to include more people and possessions as you see fit.
If You Have Low Income
Like we mentioned before, last wills and testaments aren’t only for the wealthy! In fact, all possessions may have value. The best thing is that your plan is much more than a way to pass down your assets – you can use it to prioritize your finances as well!
Not Just a Will
Most people are familiar with wills, but estate plans include much more. Depending on your assets, yours can include:
- Wills and trusts to allocate belongings
- Deeds that let you designate your home or land to someone else
- Powers of attorney and directive roles to allow someone to make medical and financial decisions on your behalf
McAllen Estate Planning Lawyers You Can Trust
At Fryer and Hansen, we’re determined to do what we can to provide the peace of mind you need. It’s never too late or early to draft an estate plan, so get in touch with our lawyers in McAllen to learn more!