Four Important Reasons to Create a Will
- You have Minor Children
A will can be used to appoint guardians for your minor children and trustees to manage their estate. If you do not have a will, the court will select the guardian for your minor children.
- You have No Children but you own Real Estate or Property
If you and your spouse have no children, and one of you died without a will (called Intestate) then your spouse does not automatically inherit everything. In Texas, your parents or siblings might inherit part of your home and become co-owners with your spouse. All the co-owners would have to agree to the sale of the house or other property. In other words, your spouse would not be able to sell the house without the permission of all the co-owners.
- You have a Large Family
If you died without a will or intestate, all of your heirs will become co-owners of every asset you own, and will have to manage all the property together. This can lead to complications as all of your heirs may not reside in the same state, or they may disagree on how to dispose of your property. A will can help specify which heirs receive specific assets and help avoid legal complications.
- You own Real Estate
If you own real estate and died without a will, your real estate may be inherited by minors or numerous co-owners. The courts will have to go through a long and expensive process to divide your estate.
Why do you need a Power of Attorney, a Medical Directive or a HIPAA Authorization?
RPS Legal Group, PLLC can create powers of attorney for health care and financial matters. In case of illness or accident, a power of attorney is a legal document that allows a relative or friend to make decisions regarding your personal, legal and financial affairs. A Medical Directive appoints a person to make health care decisions on your behalf and a HIPAA Authorization lists the contact information of those individuals you want to have access to your medical information