12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
Edit & Print a Free Texas Last Will & Testament
  • Written by expert Attorneys
  • Guaranteed for your State
  • Personalized for your situation
  • Finish and print in minutes!

Limitations of a Last Will and Testament in Zip Code 78401

Limitations of a Last Will and Testament in Zip Code 78401


A hundred years from now it will not matter what my bank account was, the sort of house I lived in, or the kind of car I drove...but the world may be different because I was important in the life of a child.
 
- Forest E. Witcraft


Last Wills are a wonderful way of addressing the needs of loved ones in estate planning but not everything can be carried out by your Last Will.

What a will won't do includes the following:

Bequeath Certain Kinds of Assets or Property. You cannot use your will to leave:

• Property that is in the Living Trust

• Life insurance policy proceeds that has a beneficiary in it

• Money in the retirement plan that has beneficiary indicated in its forms.

• Stocks or bonds held in beneficiary and has transfer-on-death or TOD form. If you want to change the beneficiary, contact the brokerage company

• Money in a payable-on-death bank account.

• Joint tenancy. Leaving a property that is not entirely yours but is co-owned with someone else automatically transfers the entire property to the surviving co-owner. Your share that was indicated in your will can only go to it beneficiary if the all owners of the property dies simultaneously.

Direct Funeral Arrangements

It would be wise to make separate documents regarding your wishes and inform your executor its location when needed. It sometimes takes days or weeks for a will to surface after death and memorial services or wishes indicated may not be executed.

Reduce Estate Tax

Having a will won't help evade taxes. If you are expecting your estate to owe federal taxes, start taking steps to decrease your tax liability. In terms of tax bills, there are many trusts that can reduce or for postpone it.

Avoid Probate

Establishing the validity of a will can take months or years of being tied up in a probate court before final contribution of the property commences.

Apply Certain Conditions on Gifts

A gift that is awarded via a will should not contain condition attached like a contingent on marriage, divorce or change of religion of the receiver. You can only include lesser influences like leaving money for a certain person when he goes to college. Making conditional gifts can sometimes open a can of worms because questions will arise as to who will enforce the wills' condition and for how long.

Leave Money for Illegal Purpose

This is a rare situation, but you cannot allocate money for use on something illegal.

Arrange to Care for a Special Need Beneficiary

Long term care for someone with special needs will be better off in a trust that is tailored to the persons' needs. It will not jeopardize government benefits as well as it can provide extra income for the person and its family that can be use in his care.

Leave Money to Pets

Pets should be left to new owners who will take care of them. Leave the money to them to help with your pets' related expenses. Pets cannot own property so leaving property directly to them is not a good idea. Trust are allow in some other states but won't be necessary if you have confidence in the person whom you left your pet(s) with after you pass away.
 
Download & Print a Free TX Last Will Personalize This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
  Answer Easy
Questions
answer simple questions online step by step
Easy Questions, Instant Documents
  • Finish in Minutes
  • Download Immediately
  • Written by Attorneys
  • 100% Guaranteed
  Get Instant Legal
    Documents

Print, save or email your finished legal document immediately!
Last Will & Testament
Related Legal Services near Zip Code 78401
Flores Romeo M
555 N Carancahua St Ste 1200
Corpus Christi, TX 78401
(361) 881-9990
Arbitration Services,  Attorneys,  Mediation Services,  Legal Service Plans
Vincent Gonzalez
606 N Carancahua St Suite 506
Corpus Christi, TX 78401
(361) 883-9966
Attorneys,  Legal Service Plans,  Drug Charges Attorneys,  Criminal Law Attorneys,  Federal Law Atto
Schmidt Michael B
555 N Carancahua St # 1550
Corpus Christi, TX 78401
(361) 884-9949
Attorneys,  General Practice Attorneys,  Legal Service Plans,  Bankruptcy Law Attorneys
Dee Ann Torres
500 N Water St # 607
Corpus Christi, TX 78401
(361) 881-9500
General Practice Attorneys, Attorneys, Family Law Attorneys
Hoblit Ferguson Darling LLP
802 N Carancahua St
Corpus Christi, TX 78401
(361) 888-9392
Attorneys,  Civil Litigation & Trial Law Attorneys,  Business Law Attorneys,  Personal Injury Law At
DWI & Drug Cases -- Daniel Jones
418 Peoples St
Corpus Christi, TX 78401
(361) 658-9267
Barker & Fancher LLP
555 N Carancahua St Suite 1200
Corpus Christi, TX 78401
(361) 881-9217
Attorneys,  Business Law Attorneys,  Personal Injury Law Attorneys,  Civil Litigation & Trial Law At
Gonzalez Daniel O
615 N Upper Broadway St # 1100
Corpus Christi, TX 78401
(361) 888-9201
Banking & Mortgage Law Attorneys, Attorneys, Real Estate Attorneys
Mc Cutchon, Frederick J Wood Boykin & Wolter
615 N Upper Broadway St # 1100
Corpus Christi, TX 78401
(361) 888-9201
Mon. - Fri. 9am - 5pm, Sat. - Sun. CLOSED
Wood Boykin & Wolter
615 N Upper Broadway St # 1100
Corpus Christi, TX 78401
(361) 888-9201
Parish Gary Don
210 S Carancahua St
Corpus Christi, TX 78401
(361) 883-9115
Attorneys, General Practice Attorneys
Moore Pruett III
102 N Staples St
Corpus Christi, TX 78401
(361) 888-9100
Attorneys, Legal Service Plans
Esquire Deposition Service
500 N Water St
Corpus Christi, TX 78401
(361) 881-8909
Attorneys Support & Service Bureaus, Video Production Services
Allison Law Firm
500 N Water St Ste 1200
Corpus Christi, TX 78401
(361) 884-8900
Attorneys, Personal Injury Law Attorneys, Insurance Attorneys, Product Liability Law Attorneys
Garza Edward F
500 North Water Street-Ste.801
Corpus Christi, TX 78401
(361) 888-8877
Criminal Law Attorneys, Legal Service Plans, Attorneys
Burkett Law Firm
538 S Tancahua St
Corpus Christi, TX 78401
(361) 882-8822
Personal Injury Law Attorneys, Attorneys
Wallace Robert B
711 N Carancahua St # 800
Corpus Christi, TX 78401
(361) 884-8811
Attorneys, Tax Attorneys, General Practice Attorneys, Legal Service Plans
Adams Craig R
802 N Carancahua St Ste 1300
Corpus Christi, TX 78401
(361) 884-8808
Attorneys, Legal Service Plans
Brunkenhoefer Law Firm
520 Lawrence St
Corpus Christi, TX 78401
(361) 888-8808
Attorneys,  Social Security & Disability Law Attorneys,  Personal Injury Law Attorneys,  Environment
Dennis Ronald W
802 N Carancahua St # 1300
Corpus Christi, TX 78401
(361) 884-8808
Attorneys
Morris Myra K
802 N Carancahua St # 1300
Corpus Christi, TX 78401
(361) 884-8808
Corporation & Partnership Law Attorneys,  Attorneys,  Labor & Employment Law Attorneys,  Legal Servi
Pineda Isidoro Christian
802 N Carancahua St Ste 1300
Corpus Christi, TX 78401
(361) 884-8808
Corporation & Partnership Law Attorneys, Attorneys, Labor & Employment Law Attorneys
Hunter & Handel PC
555 N Carancahua St Ste 1600
Corpus Christi, TX 78401
(361) 884-8777
Davila David M
606 N Carancahua St # 1101
Corpus Christi, TX 78401
(361) 888-8584
Attorneys, Family Law Attorneys, Divorce Assistance, Legal Service Plans
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US