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Is there anything that I do not need to include in my will?

Making sure one's estate is in order in the event of one's death is something that everyone should take the time to do. It certainly does not hurt to be prepared. When writing one's will, there is a lot to consider. A question some Texas residents may have when going through this process is whether there's anything that does not need to be included in a will?

A will covers a lot of ground. It is in this document that one can list beneficiaries and provide information about how assets are to be distributed to loved ones, friends and charities. As wills are not generally looked at until after a funeral takes place, it is not the place to give information about end-of-life care or funeral wishes.

There are certain types of property that also do not need to be included in a will. That is generally because they are accounts that already have beneficiaries designated or are jointly owned. These include:

  • Joint tenancy property
  • Life Insurance
  • Retirement accounts
  • Stocks
  • Bonds

In some cases, a will is not what is needed in order to get all the protections one desires. Trusts are available to handle a number of issues such as avoiding certain estate taxes and providing instruction for the care of a special needs child -- among others. Texas residents can seek legal counsel when ready to go through the estate planning process. With help, it is possible to make sure one's will contains all the information it should, nothing it should not and that any other protections needed are put in place.

Source: FindLaw, "What Not To Include When Making a Will", Accessed on March 22, 2017

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