Why To Update Your Will in Texas: Top 4 Reasons

 

When Should I Update My Will?

You’ve made great strides in getting yourself and your estate prepared for the future; but don’t let time make you forget about all the hard work you’ve done! Periodically revisiting your legal documents helps them effectively reflect your wishes. Over time, it is possible that some of these wishes have changed.

Top 4 Reasons To Update Your Will in Texas:

  • ·       Family changes:  If your family has changed, it’s best to update your Will.  Have you gotten married?  Have you divorced?  Have you had more children since your last Will?  Do you have grandchildren now?  You may want to change your primary beneficiary or add another. You might also want to remove someone as your beneficiary as dynamics within the family change.
  • ·       Life changes:  Sometimes clients’ wishes change for personal reasons.  Our relationships with friends and family change over time.  After forgetting to update a Will for years, a client is often surprised at who would be inheriting under her Will…  “My Will says she gets half of my property?  I haven’t even talked with her in years!”
  • ·       Assets change:  You may have started with a basic Will when you were just getting started in life.  Now, years later, you have retirement savings, a larger house, larger bank accounts, and so forth.  That old, basic Will may fail to take advantage of provisions your attorney can add to your Will to save your family both money and hassle.
  • ·       Laws change– probate Texas lawmakers and the federal government constantly change the laws dealing with probate, Texas inheritance, and federal estate tax (“death tax”).  Sometimes, changes in the law could actually benefit your family after your passing… if your wills attorney takes advantage of these legal changes in your Will.

Free Consultation And FREE Will Review

Texas Wills Attorney Isaac Shutt offers free Will reviews to Texas residents, even if they’re not his previous clients.  There’s no obligation.  Just provide Mr. Shutt with a copy of the existing Texas Will, he will review the Will for free, and then get back with you if he has any suggestions.

To ask a legal question or get legal help from a wills attorney in the Dallas, Texas area, use the online contact form to the right or call (214) 302-8197. If you prefer to meet at the office in person in Richardson, TX– the will attorney gladly offers a free consultation.

Visit www.ShuttLawFirm.com for more information about Texas Wills, what happens if you die without a Will in Texas, how to change your will in Texas legally, or any other Texas Estate Planning question, contact Richardson, Texas Wills & Probate Attorney Isaac Shutt at ishutt@shuttlawfirm.com.

Shutt Law Firm’s office is conveniently located just north of Dallas, TX and just South of Plano, TX. The law office is near the intersection of highway 75 and Campbell Road in Richardson, TX.

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You can also call Mr. Shutt at (214) 302-8197 for more information on the topic discussed in this article or to discuss a different legal matter. For existing clients, quick phone-calls and brief e-mails are always free at Shutt Law Firm PLLC. Please consider the Shutt Law Firm if you need letters testamentary, how to serve as executor in Texas, how to probate in Dallas County Probate Courts or the Collin County Probate Court, a Texas Last Will and Testament, or you need Dallas Probate Attorneys serving Richardson, Plano, Allen, McKinney, Frisco, Mesquite, Garland, Addison, Collin County, TX, or surrounding North Texas area.

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DISCLAIMER: Nothing in this brief article constitutes legal advice. The information provided herein is merely provided in the spirit of education. If you have a legal question, you should consult an attorney for your specific legal situation. Further, nothing in this article shall be construed to have started an attorney-client relationship. No such relationship exists until both you and attorney Isaac Shutt sign an engagement letter with the Shutt Law Firm, PLLC.

Probate Attorney, Wills Lawyer, and Guardianship Attorney

By Isaac Shutt

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http://www.ShuttLawFirm.com