El Paso, TX Wills Lawyer

It’s not uncommon for a person to put off making a will. After all, it’s only natural to want to avoid any thoughts of death at all. However, it’s important to remember that everyone dies, and creating a will can give you a modicum of control over the circumstances of your death and the legacy that you leave behind. There are multiple types of wills, and though most will only take effect after your death, some of them can be beneficial while you are still alive. By inscribing your wishes, you can help ensure a better quality of life for your loved ones when you’re gone.

Our El Paso wills lawyer & CPA at Villegas Law Firm can work with you to understand your goals and intentions for your will and overall estate plan. Reach out to schedule a free consultation and learn how we can help you establish a will that will give you and the members of your family peace of mind!

Why Do I Need A Will?

If you have thoughts or intentions for your assets after you die, you need a will. If you have family or other loved ones that you wish to support following your death, you need a will. If you have preferences for your medical care when you become too incapacitated to make decisions for yourself, you need a will. If you have minor children and have preferences for who should care for them should you die suddenly, you need a will.

If you die without a will, your estate – all your finances, properties, heirlooms, and other assets – will be distributed by the Texas government. After passing through a long and taxing process known as probate, your possessions will be distributed based on a formula that doesn’t take into account your desires or the needs of your loved ones.

Types Of Wills

There are many types of wills and you can have more than one based on the particular goals for your succession plan. Below is a short explanation of some common types of wills, but these are by no means the only ones available to you.

• Simple will: The most basic type of will, also called a last will and testament. With this will, you can distribute your assets and provide for guardianship of your children.

• Joint will: A will that is created by two people, usually a married couple. If you are married, this type of will can account for the wishes of both you and your spouse and provide for the distribution of your assets after both of you have passed.

• Living will: In the event that you are incapacitated, you want your medical decisions to be understood. This will provides for your preferences related to your medical and end-of-life care.

• Holographic will: A handwritten, unwitnessed will. Speak with your lawyer about this type of will because its legality is dependent largely on the state and the adherence of the will to local laws.

• Pour-over will: A pour-over will automatically transfers your assets to an already established trust upon your death in order to allow those assets to pass through probate and reach your beneficiaries quickly.

And more! There are many wills, and the specifics of your circumstances will dictate which one works for you. If you have specific goals for your will, speak with your El Paso wills lawyer to understand your relevant options.

Trust Our El Paso Wills Lawyer To Guide Your Estate Planning

Villages Law Firm has a long, dedicated history of helping clients craft wills that help secure a better future for themselves and their families. We work closely with you to understand your needs and offer advice to help you achieve the goals you have for your succession plan. Our lead attorney, Jorge Villegas, is an attorney as well as a Certified Public Accountant who can help you legally and financially. Reach out to schedule a free consultation and learn how we can help you take care of your will so you can live life with peace of mind.