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Estate planning protects your loved ones and peace of mind

Considering your own death can feel a little morbid. However, avoiding it can lead to a number of issues. For example, if you aren't married, your estate and assets will pass to other family members. If you have minor children, they could inherit your estate. If you haven't taken the time to create an estate plan or last will with guardians for your children, however, your children may not ever see those assets.

Instead of leaving your estate to pass through probate, it makes much more sense to create a detailed and legally sound estate plan and a last will that complies with Texas standards. Doing so protects the people you love and helps ensure that your assets get distributed the way you'd like to them to be.

Waiting can end up being a big mistake

You may be young and in excellent health, but if you have a home or children, you should create an estate plan now. You never know when something could happen that will result in your death or incapacitation. Motor vehicle accidents happen every day, as do sudden medical events like strokes or heart attacks. You don't want your loved ones and family to be left unprotected in that situation.

There will always be another reason to put off creating an estate plan, but the peace of mind it provides is the best reason to stop procrastinating. Once you've sat down and created an estate plan, you will know that no matter what happens to you, the people you love will be protected and provided for financially.

Estate planning makes your medical and funeral preferences clear

An estate plan doesn't just have to do with creating a last will or a special trust for your children if you die before they become adults. You can include instructions about the memorial service you'd like and how you'd like your body to get interred.

Your estate plan can also address who will become the guardians for your minor children or even your pets in the event that something happens to you. Without written instructions, your companion animals could end up homeless. You can earmark funds to provide for your children and any animals to ensure they receive proper care and support for as long as is needed.

Medical decisions can get outlined in an estate plan, in case you aren't able to voice your opinion. If you want to donate your organs, include that in your estate plan. You should also include your preferences about life support, resuscitation and other end-of-life care decisions so that your family won't have to worry about what you would have wanted.

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