Estate Planning in Katy: Wills, Trusts, and the Basics Every Family Needs
Wills, revocable trusts, healthcare directives — what every Katy family should have in place by 40.
By Experts of Katy Editorial
Most Katy adults don't have a will, much less a full estate plan. Here's the basics.
Minimum: pour-over will + healthcare directive
A simple will and a healthcare directive (medical power of attorney + living will) covers most adults. A Katy estate attorney can draft both for $500-1,500.
Add: revocable living trust
If you own a home, have minor children, or have significant assets, a revocable trust avoids probate, keeps your affairs private, and simplifies estate transfer.
Don't forget: beneficiary designations
401(k), IRA, life insurance pass by beneficiary designation, NOT will. Update after marriage, divorce, kids.