Blended Texas families typically involve two individuals who already have an established financial history and children from previous relationships. It's not easy to join financial and legal lives, and it can take months or even longer for a couple to update accounts, change names and take other important legal steps. In the midst of all of this, it's smart not to overlook matters related to estate planning and probate.
Digital assets have quickly become an important part of the average Texas resident's life. Many people depend upon digital accounts for communication, social interaction, financial transactions as well as a number of other things. With this in mind, digital assets may need to be addressed throughout the estate planning and probate process.
People who are not married or those who do not have kids are significantly less likely to think about the legal steps they may need to take to protect their future interests. Texas singles can also benefit from careful planning, and they may also need to seek assistance with estate planning and probate matters. A few simple steps can help a person avoid complications in the future.
The process of planning for the future and putting legal and financial protections in place is not easy. There are often difficult emotions and complex legal or financial factors to consider as a person drafts these plans, and certain issues can make it even more difficult. Family fighting, changes in tax laws and the state of the market are the most common issues that can complicate estate planning and probate.