Probate is the court-supervised process of distributing the estate of a deceased person, and Texas is known for having a relatively quick and simple probate process because of “independent administration,” which allows executors to ask the court to act as independent executors and wrap up estates with little court supervision and intervention.
DOES A WILL HAVE TO BE NOTARIZED IN TEXAS PLUS
Such a trust terminates upon the death of the animal to be cared for under the trust’s provisions.Īnother plus of having a valid will is that it can make Texas’s probate process go more smoothly. In addition to testamentary trusts (ii.e., trusts created through a last will and testament) that provide a benefit for people, Texas specifically allows the creation of a trust for the care of pets (commonly called a “pet trust”). You may also set up a trust through which property is held for the benefit of another. Because of this, creating a will often provides the testator with a great peace of mind, knowing that her wishes will be followed after her death.Ī Texas last will and testament also gives a testator the option of choosing a guardian for minor children. One of the biggest benefits of a last will and testament is that it allows the testator to select the executor of the estate - an important decision, as the executor will be in charge of carrying out the wishes contained in the will and deciding how assets should be divided. The outcome under intestacy rules may not coincide with the decedent's (the person who passed away) wishes, however, which means it is generally advisable to create a last will and testament. Instead, a living will provides instructions for others regarding your wishes should you become incapacitated and incapable of making decisions regarding your medical care.Īlthough a last will and testament is not legally required, without a will state laws (called laws of intestacy) will determine the distribution of an estate's assets. Texas wills offer the testator (the person making the will) the opportunity to provide for a spouse, children, other loved ones, and pets.Ī living will is sometimes confused with a last will and testament, but it does not provide for the distribution of assets upon death. Creating a last will and testament can lay out a plan for the desired distribution of assets including real and personal property upon your death.
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