Do I Have to Create a Will?

In short, no, you do not have to create a will. Texas law has default rules that govern how property will be distributed If someone dies intestate. That said, having a will is strongly recommended, as this can allow you to plan for the future and better ensure that your property will be properly managed and distributed to your loved ones after your death.

Is a Will the Only Type of Estate Planning Document Available?

No, while a last will and testament is a great estate planning tool, it is not the only option available. For example, many people use trusts, which allow you to continue managing your property during your lifetime and then seamlessly transfer that property to your desired beneficiaries after you have passed away. Other types of estate planning documents frequently include powers of attorney, healthcare directives, and HIPAA waivers, all of which can help you protect yourself and your legacy for years to come.

Do I Have to Hire an Attorney to Create a Will or Other Types of Estate Planning Document?

No, you do not have to hire an attorney to create a will or any other estate planning document. However, it’s important to note that most estate planning documents must meet certain formalities and other requirements to be valid and enforceable under Texas law. Thus, having an experienced estate planning attorney can provide valuable insight and legal expertise to help you meet your estate planning needs and goals.

Articles Archives - Page 6 of 16

Welcome to the Massingill blog. Here’ll you’ll find frequently published articles on important topics relating to business law, healthcare business law, and family estate planning. Not finding the information you need? Book a consultation. Our friendly and helpful legal staff will answers your questions and get you on the path to solutions.

Feb 6, 2024 | By Massingill Staff | Read Time: 4 minutes | Business Law

Understanding Texas Business Contracts: Comprehensive Guide to Key Definitions and Insights

The definition of a business contract is a legally binding agreement between two or more parties that governs transactions made in a commercial environment. While there isn’t a strict differentiation between “business contracts” and “regular contracts,” the distinction often lies in the purpose, parties involved, and the agreement’s specific terms or considerations. Because business contracts are often subject to...

Jan 8, 2024 | By Massingill Staff | Read Time: 5 minutes | Estate Planning

A Comprehensive Guide to Spousal Lifetime Access Trusts in Texas

It is natural to want to protect your hard-earned assets to ensure you and your loved ones can benefit from them for years to come. One way married couples can protect assets is by creating a spousal lifetime access trust (SLAT). These trusts allow one spouse to set aside assets for the benefit of the other spouse. In this...

Jan 4, 2024 | By Massingill Staff | Read Time: 4 minutes | Business Law

A Guide to Texas Non-Disclosure Agreements

Non-disclosure agreements (NDAs) have earned a controversial reputation in recent years, but they are a valuable tool to protect confidential business information. At its core, an NDA is a contract requiring a person not to disclose confidential information. NDAs allow businesses to hire talented employees and build interest in their operations without risking financial harm. If you need help...

Dec 8, 2023 | By Massingill Staff | Read Time: 3 minutes | Business Law

Understanding Non-Compete Agreements in Texas

When you start a new job or leave an old one, you may be presented with a non-compete agreement. What are non-compete agreements? Non-compete agreements are contracts between employers and employees that restrict an employee’s ability to work for a competitor or start a competing business for a certain period of time after leaving their current job. In Texas,...

Dec 8, 2023 | By Massingill Staff | Read Time: 5 minutes | Business Law

How to Dissolve an LLC in Texas

A good entrepreneur knows not only when to jump into a new business venture, but when to shut one down. A business owner might want to end things to pursue new opportunities or avoid legal and financial woes. Whatever the reason, owners of limited liability companies (LLCs) need to follow certain protocols before they can officially and properly dissolve...

Dec 8, 2023 | By Massingill Staff | Read Time: 5 minutes | Estate Planning

How to Revoke a Power of Attorney in Texas

A power of attorney is a legal document that grants decision-making authority to someone (the agent) on behalf of another person (the principal). Depending on the terms of the document, the agent has the ability to access information and accounts and make life-altering decisions for the principal. Unfortunately, there are situations when the agent fails to use their power...

Dec 6, 2023 | By Massingill Staff | Read Time: 4 minutes | Business Law

Demystifying the Corporate Transparency Act in Texas

The Corporate Transparency Act (CTA) takes effect on January 1, 2024. Within a year from that date, existing businesses will have to file either That’s a lot of acronyms. More simply, the CTA aims to combat illegal activities like money laundering by augmenting business transparency. Specifically, the CTA requires businesses to identify their true owners. The attorneys at Massingill know how...

Dec 1, 2023 | By Massingill Staff | Read Time: 5 minutes | Estate Planning

5 Clever Ways to Find the Best Probate Lawyer Near Me

Few people imagine they’ll ever need a probate attorney. However, the need for adequate representation throughout the probate process becomes obvious right after a loved one passes on. There are many reasons for this. First, probate is a long and complicated process. This fact is especially true now as probate cases have surged since 2020. Second, probate proceedings tend to...

Nov 29, 2023 | By Massingill Staff | Read Time: 4 minutes | Business Law

What Does the Corporate Transparency Act Mean for Small Business Owners in Texas?

In 2021, the federal government passed the Corporate Transparency Act (CTA), scheduled to take effect on January 1, 2024. The CTA requires many small businesses to file Beneficial Ownership Information (BOI). Although filing BOI does not involve extensive information, determining who and what to file is complicated. If you are a small business owner in Texas, contact Massingill to learn more about the...

Nov 8, 2023 | By Massingill Staff | Read Time: 5 minutes | Estate Planning

What Happens If You Die Without a Will in Texas

If you die without a will in Texas, any property you own at the time of your death will be distributed in accordance with Texas intestate succession laws. But, you may be wondering, What exactly does that mean? If you have questions about how to plan for your future and what happens if you die without a will in...