Many people delay estate planning. However, the process is not complicated. It only becomes difficult if you wait until it is too late. Another way to complicate your estate plan is relying too much on yourself.
According to caring.com, two-thirds of adults do not have a will. The reasons cited include a lack of assets, costing too much or simply not putting in the time. If you find the right attorney, your finances and time will not be an issue.
Hire an attorney
Though creating an estate plan may be easier than you realize, this does not mean you should attempt the process independently. There are several benefits to hiring a lawyer. For one, the probate process will be much faster. Texas requires probate whether a will exists or not. An experienced estate planning attorney who works with you before you pass away can navigate the process much faster than a court-appointed attorney.
Do not draft a will on your own
Trying to create a will on your own might lead to mistakes because you do not have the experience to recognize them. You might not meet Texas requirements or draft an unclear will. Trying to save money by creating your own will might cost your family more money in the long run. Consider this before you try to draft your own will.
Estate planning does not have to be a complex process. However, this does not mean you should try to save money by doing it yourself. Consult with an estate planning attorney and decide what is suitable for your financial situation.