Why Happens To Your Estate Plan If You Remarry?

An estate plan is not a static event. It must be continually updated to reflect your significant life events. If left unattended, you may be in for a nasty surprise because of how way Texas law defines community and separate property and the laws of intestacy.

You Need A Will To Avoid Intestate Succession

Texas law defines any assets acquired during your marriage as community property, of which you and your spouse each have a one-half interest. Separate property includes gifted, inherited, or previously owned property. If you remarry and have children from a previous marriage, your community property will not automatically go to your spouse after you pass. Under intestate succession, your spouse inherits only the right to use your real estate for life and one-third of your separate personal property. Your children, regardless of their ages, inherit everything else, including your one-half interest in the community property.

Contact An Experienced Real Estate Attorney

You must update your estate plan to reflect significant life transitions. recent life events. With a masters in taxation and a board certification in estate planning and probate law, you can trust our the Law Office of Thomas G. Bassler to keep your estate plan current. To schedule your free initial consultation, contact us online or call 210-826-8885.