Why all adults will benefit from an estate plan

Planning for the future can be difficult as many Texas adults do not want to consider their own mortality or what will happen after they pass. As a result, it is common for people to delay the estate planning process because they assume they are too young or too healthy to require even the most basic estate planning documents. However, most adults will benefit from the protections provided by having, at minimum, a basic will.  

Creating a basic will 

Estate planning is not something reserved only for the rich and famous, or those who earn a significant amount of money or have large estates. Planning for the future is a beneficial process for all adults, providing the ability to have the final say over important matters, such as the distribution of wealth and property after passing. Other benefits of estate planning include: 

• It can make things easier for loved ones after the death of a family member or in the event of their incapacitation. 
• By utilizing certain estate planning tools, it is possible to minimize tax penalties. 
• It offers peace of mind for the entire family and can promote unity. 

Through estate planning, one can create documents that will allow him or her to have the final say over sensitive medical issues in the event of incapacitation. 

Where to start 

All Texas adults could benefit from an estate plan, but many may not know where to begin. In order to start this process, it may be helpful to have the help and guidance of an experienced attorney. This support can be invaluable when making important decisions about the future.