Mabank, TX Estate Planning Law Firms & Lawyers

If your seven grandchildren are over the age of 18, all you need to do is write a simple will leaving the lake house to each of them by name in equal shares. If they are minors, and you expect that may not all be of legal age to take possession of property, you can leave the lake house in your will to their parents for the use and benefit of your grandchildren. Both you and your spouse should make sure you have wills in place and consult a local estate planning attorney to draft these documents for you so that your family will have no complications wrapping up your affairs.

If the principle has passed away, your power of attorney is no longer in force. In order to deal with the decedent's bank accounts, you need to be appointed personal representative (executor is the old term) and present the bank with a death certificate and your Letters Testamentary (issued by the court).

With free will, you generally get what you pay for, often times errors in disposition of your estate. You can get will forms from stationary store, but my experience as a probate attorney, is the form is incorrectly prepared, or the document fails for the lack of legality of the prepared form provisions. Suggest you obtain the services of a probate attorney for the preparation of a will and be prepared to pay for the service; I don't think you would operate on yourself if you need a surgeon.