When couples begin to plan for the future, they imagine the surviving spouse making the important decisions if one were to become incapacitated. Assets would go to the spouse and then onto the children.
Sounds easy enough, right?
In state departments all across the country, there is nearly $58,000,000,000 ($58 BILLION) worth of unclaimed property due to estates getting dragged into probate court… That’s A LOT of families left waiting for their assets.
Even if you are married with children — probate requires careful estate planning to avoid.
Hire an experienced estate planner that can help you begin your estate planning. They will run through different scenarios in the future to make sure you’ve planned for anything the future holds and keep your assets from being lost to the state department of unclaimed property.
You want to ensure your best wishes are carried out, and the distribution of assets happens as quickly as possible. It’s not uncommon for family members to end up in conflict, especially if you’re from a blended family or have children from a previous marriage. This is why it’s so important to plan.
If you’re reading this now, you should be interested in helping your family handle matters outside of court should anything happen to you. Create peace of mind, not just for you but for your family.
We want to make this process as fulfilling as possible.
For many reasons, you may want to leave a spouse out of your will and pass your wealth onto someone else, perhaps children. Although you cannot typically wholly disinherit a spouse in Texas, there are steps you can take to ensure your property ends up where you want it.
It can happen. If you are getting remarried and have assets you would like passed on to your children, you should seriously consider re-evaluating your estate plan. Without a proper estate plan, if you remarry, your children can become inadvertently disinherited.
For the most part, yes. If there are was no will drafted, and there are no other interested parties, the surviving spouse typically inherits the property. However, there may be assets not adequately titled that are overlooked in the probate process.
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Stafford Law Firm has helped me with several items over the years. Prompt and efficient. Can handle a wide variety of matters, both commercial and personal.
I couldn't more highly recommend Will Stafford, after working with him on my estate planning. Will took the time to genuinely understand my personal goals and values, and helped design a plan that was a perfect fit for me, rather than just using a cut-and-paste template.
Will Stafford is an incredibly bright and knowledgeable attorney who I have worked with for many years. He has an encyclopedic knowledge of the estate and wealth planning strategies relevant to professionals with families.