Estate planning is not something people like to think about but this is still something you need to take care of. You can make plans for your estate by meeting with a estate planning attorney Austin.
If you do not have a will, you should make one. However, you should know that a will is not enough since the purpose of this document is to leave some instructions. A will is not legally binding, which means your heirs might choose not to follow your instructions.
If you want to have more control over what your heirs decide to do with what you leave them, your best option is to set up a trust. You can have more control over how the money in the trust will be distributed or invested.
It is important to set up a will and a trust if you want to leave anything to someone who is not a spouse or a child. If you do not make any plans for your estate, state laws will apply. This means your assets will be distributed between a surviving spouse and children.
You should contact estate planning professionals in your area to learn more about your options and start making some plans.