Law Office of Randy Michel
College Station, TX
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Heirs & Beneficiaries Archives

Caution advised for those planning to leave handwritten wills

There was a time when all wills were handwritten or at least dictated to another party. Now, everything is neat and orderly, formalized as appropriate and witnessed to support authenticity. However, handwritten or holographic wills are still used and are quite legal in Texas. With that said, testators who have created a handwritten will should take care to use clear language that leaves no room for doubt.

Is life insurance part of your estate plan?

As you create or review your estate plan in Texas, it is important to pay close attention to your life insurance coverage. If you have a policy in place, you may find yourself in good position as far as this detail is concerned. Conversely, if you have yet to buy coverage, now may be the best time to do so.

Your heirs may fight over the small things

Fights between heirs and beneficiaries are unfortunately common, and many of them do involve big items: who gets to own the family home, who gets to run the family business, or how the investments should be divided up. However, it's important to remember that the small things can also cause issues.

Should you change your designated beneficiaries?

During the estate planning process, you will make a variety of decisions in regards to the future. This includes naming beneficiaries. While this may be cut and dry when creating an estate plan, things can change in the future. If this happens, it is your responsibility to review your situation and ensure that everything is in order.

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Law Office of Randy Michel
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College Station, TX 77840

Phone: 979-314-2965
Phone: 979-764-2435
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