Here’s the Deal With NO Will

This is a question we receive all the time:  What happens if I die without a Will?

Here is the Texas money/asset plan for those who have no Will:

• Married Person with No Children:  
• Community Property – all to surviving spouse 
• Separate Real Estate – 
• ½ to surviving spouse;
• ½ to deceased’s parents/siblings
• Separate Personal Property – all to surviving spouse

• Married with Children
• Community Property – 
• all to surviving spouse if none of children are stepchildren.  If there are any stepchildren, then all kids will receive ½ of community property.
• Separate Personal Property – 
• 1/3^rd of personal property to surviving spouse;
• 2/3rds to children.
• Separate Real Estate – 
• 1/3^rd life interest to surviving spouse;
• 2/3rds to children with remaining 1/3^rd to children upon surviving spouse death.

• Unmarried with Children
• All to children

• Unmarried with No Children:
• All to deceased’s parents.
• If only one parent is alive then ½ to the surviving parent and ½ to brothers/sisters of deceased.

Call us today to get a good Will in place and be at peace.