Texas has certainly become a prime destination for Americans. For many older adults, it holds some of the same draws that individuals benefit from when they move to a state like Florida.
For instance, like Florida, Texas has no income tax and relatively warm weather. Those who have spent their lives living in colder regions may decide to retire to Texas. They may be seeking a lower cost of living and more pleasant weather so that they don’t have to deal with snow storms and things of that nature.
Cheaper homes and land
Additionally, Texas simply has cheaper homes and cheaper land than you’re going to find in many other places. People who are retiring often live on a fixed income. They need to ensure that their lifestyle is going to be affordable. It’s easier to do this in Texas than it may be in a place like San Francisco or New York City.
A variety of options
Finally, Texas is an attractive place for people to move because it is a dynamic place to be. There are many outdoor activities and recreational options for those who want to live in rural areas. But there are also major cities, like Austin, for those who are looking for more of an urban experience. This diversity means that everyone can find something that they enjoy in Texas.
What will this mean for the rest of your family?
Do you have parents who have moved to Texas? While there are many reasons to move, this can make things complex for your family. The rest of you may not live in Texas or anywhere near it. When your parents eventually pass away, what is this distance going to mean for the probate and estate administration process? Is it going to be more difficult to inventory assets? Are you and your siblings going to have to come to Texas to sort things out in person?
These are all important questions to ask, and it is certainly to your benefit to know as much as you can about out-of-state probate. The more you know about the options you have, the smoother the process will go.