Creating a will is one of the most critical steps in protecting your legacy. Unfortunately, many individuals make costly errors that could leave their loved ones facing legal complications, delays, or unintended outcomes. If you’re preparing a will that McAllen residents trust, it’s essential to understand what to avoid and how to get professional guidance.
Let’s look at some of the most common mistakes—and what you can do instead.
Mistake #1: Leaving Out Key Assets
It’s surprisingly easy to forget certain assets when drafting a will. People often focus on big-ticket items like homes or bank accounts, but personal belongings, digital assets, and sentimental items can create conflict if left out.
Assets Commonly Overlooked:
- Digital accounts and passwords
- Family heirlooms and keepsakes
- Retirement or investment accounts not covered by beneficiary designations
- Vehicles and recreational equipment
Take the time to list everything you own and update that list regularly. A comprehensive inventory makes your will more effective.
Mistake #2: Failing to Update the Will
A will is not a one-time document. Life changes—like marriages, births, deaths, or divorces—should trigger a will review. Outdated documents may not reflect your current wishes or legal responsibilities.
Update Your Will After:
- Getting married or divorced
- The birth or adoption of a child
- Buying or selling major assets
- Moving to a new state
- Changes in tax or estate law
Without regular updates, your will may be wholly or partially invalid, resulting in court intervention.
Mistake #3: Using Generic Online Templates
While online forms seem convenient, they rarely comply with Texas-specific estate laws and may lack the flexibility to cover your unique situation. Templates often miss key elements like proper execution, witness requirements, and clarity in asset distribution.
Risks of DIY Wills:
- Incorrect legal language or structure
- Lack of necessary signatures or witness validation
- Inability to account for complex family dynamics or assets
- Increased likelihood of probate disputes
For peace of mind, consult with a legal professional to ensure your will is valid and enforceable.
Mistake #4: Not Naming the Right Executor
Your executor manages your estate when you pass. Naming someone without the right qualifications—or failing to name a backup—can delay probate and create confusion.
Choose an Executor Who Is:
- Responsible and detail-oriented
- Familiar with your wishes and estate
- Willing and able to serve in the role
- Supported by legal counsel if needed
An attorney can guide you in choosing and preparing your executor for this important responsibility.
Wills McAllen & Legal Support From Fryer & Hansen
When preparing wills McAllen families can rely on, professional support is crucial. Fryer & Hansen helps individuals create clear, legally valid wills that reflect their goals and protect their loved ones.
Contact their team today to schedule a consultation and avoid these common mistakes before it’s too late.