Planning for the future can feel overwhelming, but taking steps to organize your estate can provide peace of mind and clarity for your loved ones. Setting clear resolutions this year can help safeguard your family and make sure your wishes are honored.
For guidance on creating a secure estate plan, contact us via our online contact form or call (940) 293-2313.
Review Your Current Estate Plan
Life changes can affect the effectiveness of an estate plan. Marriages, divorces, births, or deaths may require updates to existing documents. Ensure beneficiaries, executors, and guardians reflect your current circumstances.
Update Beneficiary Designations
Accounts such as retirement plans, insurance policies, and bank accounts often have designated beneficiaries. Confirm that these designations align with your current intentions to prevent conflicts or unintended outcomes.
- Verify each account’s current beneficiary
- Adjust designations as necessary after major life events
Updating these details ensures assets are distributed according to your wishes.
Establish a Power of Attorney
A power of attorney designates a trusted person to handle financial or medical decisions on your behalf if you are unable to do so. Consider creating or revising these documents to ensure someone you trust can act on your behalf.
- Durable power of attorney for financial decisions
- Healthcare power of attorney for medical decisions
This preparation helps avoid legal complications and ensures your interests are protected.
Consider a Living Will
A living will, or advance healthcare directive, outlines your preferences for medical treatment if you cannot communicate them yourself. Updating this document provides clarity to family members and healthcare providers during critical times.
Plan for Digital Assets
Digital assets like online accounts, social media, and digital files are increasingly important. Designate who can access these accounts and include instructions for handling digital property to avoid complications after death.
Work With a Texas Estate Plan Attorney
An experienced estate plan attorney can help review documents, suggest updates, and ensure compliance with Texas law. Working with a qualified attorney provides confidence that your estate plan will be executed according to your intentions.
Estate Planning with Coker, Robb & Cannon, Family Lawyers
Creating or updating an estate plan is an important step in protecting family, assets, and your legacy. Coker, Robb & Cannon, Family Lawyers can guide individuals through the process, helping to clarify decisions, prepare necessary documents, and provide peace of mind. Contact us through our online contact form or call (940) 293-2313 to take the next step toward a well-structured Texas estate plan.