Some Texas residents live by the adage that the only things certain in life are death and taxes. When it comes to probate administration, these two certainties definitely play an important role. Proper estate planning can make this process smoother, prevent problems and misunderstanding and insure that the wishes of the deceased are adhered to.
One problem that some Texas families face with probate administration is the fact that the deceased failed to update his or her will. In fact, this can result in several different problems. For example, after the death of a spouse, it is often common for the individual to remarry. In this case, there may be children from the first marriage along with a new spouse and maybe even children from this newer marriage. If the deceased's will is not updated, it is likely that his or her wishes will come into question during the probate administration process.
Many individuals go to great lengths to protect their families and their wealth. Along with the emotional turmoil that an out-of-date will and estate plan can create, it can also create unnecessary financial problems. Tax laws are constantly changing, and what was once an advisable avenue to protect assets upon death may no longer be the best option.
There are a number of elements that must be taken into consideration throughout the probate administration process. By making sure that the Texas resident's will and estate plan, along with other relevant documents and tools are kept current, the individual is able to make sure that his or her family is taken care of and that his or her wishes are adhered to. Experienced legal counsel can assist with this matter.