Texas Last Will & Testament Information
A Texas Last Will & Testament includes the following requirements:
The testator must be eighteen years old or older, unless they are serving in the armed forces, or have been married.
They must also be of ‘sound mind’.
The Will must be signed by the testator or by someone else in their name (provided it is done under the testator’s direction and in their presence).
The signing of the Will requires at least two witnesses over the age of 14 in order to make it valid.
Another requirement to make the Will valid is that it must be in written format. Handwritten wills may also be valid. They must be signed by the testator and written up by them. Witnesses are not required for handwritten wills, though an affidavit is required attesting that the document is the testator’s last will and testament. It must also be stated that they were 18 years or older, or a member of the armed forces, or lawfully married.
A Texas resident may bequeath their assets to any beneficiaries. In addition, a will has to be proved in probate within four years after the testator’s death. In the event that this doesn’t happen, the property is divided through the Texan laws of intestacy.
Click here if you have any questions about creating a last will in Texas.
Our study into how young Texans plan on giving away their estates in their wills was featured on Daily News & More's website. Below is the article text, and you can follow a link to the story below:
Generation Zen: Big-hearted Texans ranked among the most charitable in the nation, reveals survey
The financial challenges facing young people in America have been widely reported. Millennials and 'Gen Zers' continue to carry over $1 trillion in student loan debt, and are resigned to the prospect of renting long term rather than buying properties. Experts have observed that these age groups are even altering the way they define success – that is, less defined by the money they have, and more by the way they live. Success for them is doing meaningful work with a better work-life balance.
USAWillGuru.com, a provider of will & testament information – conducted a survey of 3,000 Gen Zers, revealing how they intend on distributing their estates when they are older.
Generation Zen? Encouragingly, when asked if they would donate part of their estates to charities, 77% of young Texans said they would - considerably above the national average of 65%.
And a reflection of the sign of the times, 1 in 3 (35%) of Gen Zers in The Lone Star State say they would indeed consider leaving some money to organizations that combat climate change. Considering there is no Planet B, donating funds to help fight the effects of global warming is a great way to ensure this planet is conserved for future generations.
In fact, it was found that the Generation Z in Texas are among the most philanthropic in the nation!
The study also revealed that, despite their good intentions, how little in the way of financial value they expect to pass on to future generations when they are their parents’ age. Almost half (49%) of Generation Zers in Texas do not believe they ever will own significant assets to include in their wills when they are older. On the flipside, 76% of those surveyed said that they doubt they will inherit assets of any 'significant value’ from their parents.
Respondents were also asked who they plan to include as main beneficiaries in their wills. It was found that close to 3/4 (74%) said they would pass their assets on to their family.
21% said they would gift proceeds to charity and just 2% said their assets would go to their friends.