In our increasingly digital world, the convenience and accessibility of online tools
have extended to the realm of estate planning. Creating a Will is a vital step in ensuring
that your assets are distributed according to your wishes after your passing. While many
people turn to attorneys for this task, some may prefer the convenience and cost-
effectiveness of drafting an online Will. If you're a Texan considering this option, here
are some valuable tips to help you navigate the process and create a legally sound
online will.
Research Texas-Specific Laws
Estate laws can vary significantly from one state to another, and Texas is no exception. It's crucial to understand the specific legal requirements and regulations that apply to wills in the Lone Star State. Research Texas probate laws, property ownership rules, and other relevant statutes to ensure your online will complies with the law. FastWill has a library of articles with specific links to Texas estate planning and probate laws.
Choose a Reputable Online Will Provider
Not all online Will services are created equal. Look for reputable online platforms that
specialize in Texas-specific wills. These services typically provide templates and guidance that are tailored to the state's laws, making the process smoother and more reliable. FastWill's platform was designed by Texas attorneys and is informed by AI, all with the goal of providing you with the most accurate and up-to-date information.
Gather Essential Information
Before you start drafting your online Will, gather all the necessary information and documents. This includes a list of your assets and their approximate values, details about beneficiaries, and the contact information of your chosen executor. Having these details on hand will streamline the process and help ensure that your Will accurately reflects your wishes.
Select Your Beneficiaries and Executor
Choosing your beneficiaries and executor is one of the most critical aspects of creating a Will. Take the time to carefully consider who you want to inherit your assets and who you trust to carry out your wishes. Ensure you have their full names, addresses, and any pertinent information to include in your Will.
Follow the Platform's Instructions
Online Will providers offer step-by-step instructions to guide you through the drafting process. Follow these instructions closely, as they are designed to help you create a legally valid document. Pay special attention to any prompts related to Texas-specific legal requirements.
Review and Edit Your Will
Once you've completed your online Will, review it carefully for accuracy and clarity. Ensure that all your assets are accounted for, your beneficiaries are correctly listed, and your wishes are clearly expressed. If necessary, make revisions until you are satisfied with the document.
Execute the Will Properly
To make your online Will legally valid in Texas, you must follow the state's rules for execution. Typically, this involves signing the will in the presence of two disinterested witnesses and having them sign it as well. Consult the Texas Estates Code to ensure you comply with all legal requirements.
Update Your Will
Life changes, and so should your Will. As your circumstances evolve, review and update your Will as needed. Major life events such as marriage, divorce, births, deaths, and significant changes in your assets should prompt a review of your Will to ensure it accurately reflects your wishes.
Store the Will Securely
After creating your online Will, store it in a safe and easily accessible place. Inform your executor and trusted family members or friends about its location. Consider keeping a copy in a fireproof safe, a bank safety deposit box, or with your attorney to prevent loss or damage. FastWil provides a safe and secure way to store and access your important documents whenever you need them. Drafting an online Will in Texas can be a convenient and cost-effective way to ensure your assets are distributed as you wish. By following these tips and staying informed about Texas-specific estate laws, you can create a legally sound Will that provides peace of mind for you and your loved ones.
