WILLS, TRUSTS, & PROBATE
Estate Planning is Essential for Everyone.
Setting up an estate plan ensures that your wishes are carried out in the event of your incapacity or death. While it may not be something you want to think about, incapacity and death can happen in the blink of an eye. Ensuring that you have a plan in place is fundamental when you want to protect yourself and your family. Common elements of estate planning include wills and trusts. Probate occurs after a person has passed away and ensures that a person’s will is upheld in a court of law.
If you need assistance with estate planning, contact an Austin estate lawyer at the Law Office of Brandon Bledsoe. We can assist you in setting up an estate plan in accordance with your wishes.
What Is a Will Designed to Address?
A will outlines who you want to oversee your estate and who you want your property to go to in the event of your death. It typically indicates who is to receive specific items of your estate.
Common components of a will include:
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A list of assets and debts
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Family heirlooms
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Contents of safe deposit boxes
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Property
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Vehicles
These items may be left to heirs, friends, or charities. A will is effective for estate transfers or other legal proceedings after death. However, items are not distributed until after they have gone through probate court.
A will must include specific items to be considered valid in Texas. To ensure that your will is compliant with the law, contact an Austin wills, trusts, and probate lawyer at the Law Office of Brandon Bledsoe. We will work with you to make sure that your wishes are met and that your will is legally sound.
What Is a Trust?
A trust is another estate planning tool used to designate how property should be transferred in the event of your death. A trust can be advantageous because it avoids the probate process that a will requires.
Rather than waiting for a court to approve the transfer of assets, a trust allows a third party to distribute your assets to your beneficiaries immediately upon your death.
A trust can be created for many reasons, and there are a variety of different trusts you can create.
If you are in the process of setting up an estate plan and want to learn more about the value of trusts, contact an Austin estate attorney at the Law Office of Brandon Bledsoe. We can work with you to understand your intentions for the distribution of your assets upon your death and provide legal advice to ensure that your needs are met.
What Is Probate?
Probate occurs after a person’s death. It is the legal process that is used to manage the distribution of assets according to a will. If there is no will, assets will be distributed in accordance with a judge’s decisions during the probate process
Schedule a Consultation with a Skilled Wills, Trusts, & Probates Lawyer in August, TX
If you need assistance in setting up an estate plan, contact the Law Office of Brandon Bledsoe in Austin, Texas. We understand the importance of having a well-designed estate plan in place to protect you and your family in the event of your passing. Our attorneys will work with you to design a customized plan that meets your needs.