- Will Drafting
- HIPAA Authorization Forms
- Medical Power of Attorney
- Power of Attorney for Assets
Will Drafting Services in Texas
A will that is enforceable is the cornerstone of any estate plan. At Daic Law, our will drafting services provide a simple and affordable means of drafting a legally enforceable will that protects you and your loved ones, your rights, and your wishes.
No matter how simple or complex, and despite any other estate planning needs, your will is what ties together your estate plan. Your will is the document that states your wishes and distributes your assets in a way that provides for your family.
Many people believe that they do not need a will, or that they do not have enough assets to warrant drafting one. That is not the case. Wealth is never a determining factor for whether or not you need a will. No matter how young you are, or what type of assets you have, a will is a great idea for anyone. Life is unpredictable, and it is wise to be prepared so that your wishes and assets are managed properly after your death.
Why Draft a Will?
If you pass away and do not have a will, any of your property, accounts, or assets will enter the probate process. If this happens, you and your loved ones will have absolutely no control over how the property and assets are divided or disbursed. The probate process can be lengthy and expensive, as legal fees and courts costs may accrue and be deducted from the estate.
Having a Last Will and Testament allows you to establish your wishes, including:
- Who is authorized to administer your estate
- How the estate should be distributed
- Who your beneficiaries are
- Who has Power of Attorney over finances
- If you are incapacitated, who has Power of Attorney over medical decisions
Will drafting may seem like an unpleasant experience, but it is incredibly beneficial. A well-drafted will can alleviate a great deal of stress and potential complications during probate. It gives you peace of mind now, and protects your assets and loved ones after your death.
A will is also a beneficial estate planning tool if you have business interests. A will addresses important factors like investments, accounting, real estate holdings, and more. It can be amended during your life to reflect any changes in the business or your situation.
Why Hire an Attorney to Draft a Will?
Having an attorney assist in drafting your will is beneficial for numerous reasons. The foremost reason is that your will needs to be legally enforceable. If it is not, then your family could face a difficult and lengthy probate process. Other reasons hiring an attorney for will drafting services is beneficial include:
- Taking Control: An attorney works with you one-on-one to decide where your assets will go after your death. Without a will, your assets will be distributed by the court system.
- Saving Money: Hiring an attorney does cost money upfront, but it can save your loved ones thousands of dollars in the future. Without a will, the probate process could incur thousands of dollars in legal fees and court costs.
- Helping Your Children: If you have children who are minors or are disabled, your will can give you peace of mind that they will be cared for after your death. In your will, you can identify a guardian and/or trustee to care for your children and/or manage their inheritance.
- Reducing Stress: You have no direct control over what happens to your assets and property after death. Having an enforceable will drafted can give you peace of mind that, in the event of your death, your wishes and assets will be properly managed.
FAQs About Wills
What happens if I die and don't have a will?
If you pass away and don’t have a will, your assets enter the probate process through the court. The court then has the power to distribute your assets based on state laws. Your wishes, and that of your loved ones, will carry no weight during this process. In most cases, assets pass to a living spouse. If there is no living spouse, assets may be distributed to living children.
What is the difference between a living will and a last will and testament?
A last will and testament is a legal document that distributes assets after death. A living will establishes your wishes for healthcare instructions in the event that you are incapacitated.
How old do I have to be to draft a will?
In order to draft a legally binding will, you must be 18 years old and of sound mind.
What are the requirements for drafting a will?
In order for your will to be legally binding, you must:
- Be 18 years old
- Be of sound mind
- Sign your will, or have an authorized party sign in your presence
- Execute (sign) your will in the presence of two adult witnesses.
Do I need a lawyer to draft a will?
You are not legally required to have a lawyer assist you with drafting a will. However, hiring a lawyer to assist you can avoid costly and lengthy problems for your loved ones if there are disputes or probate problems after your death. A lawyer will help you reduce the risk of challenges and ensure that your wishes and rights are protected.
Our Will Drafting Services
At Daic Law, we believe that everyone deserves effective and affordable assistance with important matters like estate planning. That’s why we offer a simple and affordable will drafting service that includes everything you need. Our will drafting service includes:
- Last Will & Testament: The formal legal document that directs asset distribution, names guardians, and establishes who will manage your estate.
- Power of Attorney for Assets: A “durable financial power of attorney” allows you to name an individual who will handle your finances in the event that you are unable to do so due to incapacity or death.
- Medical Power of Attorney: A medical power of attorney is also called an “advance directive” or “healthcare directive”. This power of attorney allows you to appoint an individual who can make healthcare-related decisions for you if you are unable to do so. It also establishes your wishes for medical care and life support.
- HIPAA Authorizations: The Health Insurance Portability and Accountability Act (HIPAA) establishes medical data privacy. HIPAA authorizations should be a part of your medical power of attorney, because this allows you to authorize an individual to access your private medical information.
Get Started With Estate Planning at Daic Law
At Daic Law, we work with clients all across Texas in matters involving estate planning, business law, debt defense, and other consumer issues. We believe that a well-drafted and legally enforceable will is one of the best tools that consumers can use to protect their assets and wishes. Our will drafting services are designed to be simple, affordable, and tailored to the needs of you and your family.
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