Proposed Pro Se Estate Planning Forms in Texas Supreme Court

If passed the bill would direct the Texas Supreme Court to create various forms to aid individuals in creating wills and navigating probate pro se.

Mac-glassesOne argument against estate planning are the fees involved in creating an estate plan. Many people cannot afford lawyers or they do not believe they need lawyers for their legal needs. This has spawned an industry that sells standardized legal forms for people to fill out and file with the courts. These forms are often cheaper than hiring an attorney on the front-end.

On the other hand, if the forms are inaccurate or filled out incorrectly, then hiring attorneys to fix any problems can get expensive. Not good!

One response from state courts is to create their own official forms and offer them for free. This is especially common in family law.

The Wills, Trust & Estates Prof Blog reports on a current debate in the Texas Senate to require the Supreme Court to create standardized forms in estate and probate law. The article is titled "Texas Senate Bill Proposes Pro Se Estate Planning Forms."

One potential downside to this proposal is that it might encourage even more people to think all they need to do estate planning is to fill out a form instead of hiring an attorney. The truth, however, is that the more complex your assets and your family situation is, the more you need an attorney.

If you have few assets and wish to leave them all to your spouse, then a form will might in fact be good enough. When things get just a little bit more complex than that, then you really need the advice of an estate planning attorney.

Contact one of our experienced estate planning attorneys because, when it comes to protecting your loved ones and your assets, do-it-yourself planning puts everything at risk.

Reference: Wills, Trusts & Estates Prof Blog (March 9, 2015) "Texas Senate Bill Proposes Pro Se Estate Planning Forms"

Category: Current Affairs, Estate Legislation, Estate Planning, Trust, Wills Tags: , No Comments

Manson Leaves Estate to Pen Pal

Charles Manson, who died in prison in November, knew he had an estate and he made plans for it to go to his pen pal, ac... Read More »

Problems Can Be Avoided by Informing Family of Plan

Surprise can sometimes be the biggest source of estate battles, so it is probably a good idea to talk to your family ab... Read More »

Insurance on Inheritance Tax May Be Helpful

Inheritance taxes have led families in the U.S. and the U.K. to figure out ways to avoid it.  However, insurance c... Read More »

Comments are closed.