Regardless of age or stage of life, it is important to consider the last opportunity that you will have to communicate your wishes to both family and friends. You should have a will if you own any property, whether a home, retirement benefits, real or personal property and so on. Having a will ensures that your property is distributed according to your wishes as opposed to direction of the State of Texas. If you don't have a will, you will be giving up your right to decide who inherits your property. Further the absence of a will articulating your intentions results in the court resorting to a “one-size-fits-all” approach. If you die without a will and not survived by relatives you property will go to the State when you might have preferred to leave it to a friend or charity. Lastly, without a will you cannot disinherit any heirs.
It is also an opportunity to choose an executor of your estate, as well as, appoint a guardian for your minor children. If a parent of minor children dies without a will, the court will be forced to decide without awareness of your wishes for the long-term care of your kids. The court-appointed administrators and guardians may not be the family member or friend that you would have chosen. Due to the risks and laws involved, the legacy that you choose to leave by executing your Last Will and Testament will be reassuring.