The Risks of Not Having an Estate Plan~2 min read
Without an estate plan, your assets may not go where you want, and the outcome may not reflect your true wishes. When you die, a clear plan helps protect your family and everything you leave behind.
You Lose the Chance to Decide
When there is no estate plan in place, Texas law determines how your estate is divided. You do not get to choose who receives what or when. If you have a partner you are not legally married to or close friends you want to provide for, they may receive nothing. An estate plan gives you the power to decide who benefits from your life’s work.
Probate Can Be Complicated and Costly
Without a will or trust, your estate will likely go through probate. This process often brings legal fees, court appearances, and long wait times. Your family may not be able to access funds they need right away, and the costs of probate can reduce the amount they ultimately receive.
Family Members May Disagree
Lack of planning often leads to confusion and arguments among surviving relatives. One person might believe you promised them a certain item or asset, while another remembers it differently. These disagreements can turn into legal disputes and may damage relationships for years to come.
Children May Be Placed with Someone You Would Not Choose
If you have children under 18, the court must appoint a guardian if you pass away without naming one. This decision may not reflect your values or your wishes. Planning ahead allows you to choose someone you trust to raise your children with the care and guidance you want for them.
It Is Never Too Early to Plan
Estate planning is not just for the wealthy or the elderly. It is about protecting the people you care about and making your wishes known.
IAt Springer & Lyle, we help families in Texas build estate plans that reflect their goals
and values. Whether you are starting from scratch or need to update an old will, we are
here to help. Contact Aubry Dameron at 940-387-0404 to schedule a consultation and
get the peace of mind you deserve.
Springer & Lyle is located at 1807 Westminster, Denton, TX 76205.
Aubry Dameron
Aubry Dameron is an experienced attorney who focuses on probate litigation, estate planning, business litigation, and criminal and civil appeals. She earned her Juris Doctor, cum laude, from SMU Dedman School of Law and has served as President of the Denton County Bar Association. Aubry is recognized as a Super Lawyers Rising Star and is Top Rated by Super Lawyers.
