What happens if I die or become incapacitated without an estate plan?
Without an estate plan, the Texas court system will decide how to manage your affairs. If you become disabled, the court appoints a guardian of the estate, who manages your finances, and a guardian of the “person,” who makes your medical decisions. The court may or may not appoint a family member to be a guardian. This process is costly, time-consuming, and open to the public.
If you pass away without an estate plan, your estate is distributed according to Texas’ intestacy laws. The court will determine who becomes guardian of any minor children or children with disabilities upon your death or disability. This process is long, expensive and frustrating, but you can avoid it all by speaking with Alison Packard at the Packard Law Firm Packard Law Firm and creating an estate plan.