What I’m trying to convey with the quote is that Texas does not have an estate tax and the probate courts, at least in my experience, have been accommodating. That said, for the sake of your loved ones, I believe it is important to organize your estate. It will not lessen the emotional turmoil, but the path will be easier to navigate in the fog of grief.
Why You Need a Will
To die without a will is known as dying intestate.
On average, people are reluctant to make these plans. Unless you are as righteous as Enoch (Genesis 5:24), the mortality rate has been found to be 100%. “According to research, 90 percent say talking with loved ones about end-of-life care is important, but just 27 percent have done so. Only 7 percent have had this conversation with their doctor and less than a quarter of us have put our wishes in writing, although 82 percent say it’s important.”
Organization can be as simple as a hand-written document outlining location of important documents (do not forget Internet password lists) or a more advanced form or online site. A will and health-care directive are essential. We can help with organization and attorney suggestions. The Internet contains articles, such as here or here, that outline alternative methods.
Though I guess it is natural that I hate to say it, you are going to die. For the sake of loved ones you leave behind, please do not put off this uncomfortable exercise. Have a will drafted, organize your estate, and rest better knowing you have done your part to make this time easier. And of course, let us know if we can help.
Still have questions about why you need a will? Click here for answers to these and other legal questions.
This material was prepared for informational and/or educational purposes only. We are not offering tax or legal advice. Be sure to consult with a qualified tax or legal professional regarding the best options for your particular circumstances.