Your Katy, TX revocable living trust lawyer can help you protect your assets, and provide a better future for your loved ones. At Stuart Green Law, PLLC, we provide boutique service for clients looking for personal wealth solutions – ranging from estate planning to domestic asset protection trusts. With our history and familiarity with the ins and outs of tax compliance, we can provide an inside look at how you can keep everything safe and secure.
What To Know About Wills
A will is an important tool for estate planning, and for most people, it’s the first thing they think of when they consider estate planning. They’re easy to draft, and they’re pretty much set in stone until your death. Wills need minimal maintenance during your lifetime, and an estate planning lawyer can easily help you create a will that covers all your assets. But, after your death, your beneficiaries will have to deal with probate…
What To Know About Probate
Probate is the process by which all of your assets are divided up and distributed amongst your beneficiaries. Translated from legalese, it’s how your belongings are transferred to your loved ones after your death.
Probate takes several steps. Your beneficiaries will need to be tracked down and informed of your death, and everything contained in your will needs to be valued and appraised. Your final taxes will need to be paid, and there are also lots of legal fees your loved ones will have to pay before they see a single cent of whatever’s left over for them. Unfortunately, there are many opportunities for dispute during the probate process, and it can be a stressful time for your family.
What To Know About Trusts
A will and a trust perform many of the same functions: They both contain a list of your assets, and they both contain instructions to be followed by your loved ones after your death. But, unlike a will, a trust needs regular maintenance and management during your lifetime. This may seem like a lot of work, but there’s a tradeoff: by establishing a trust, you’re cutting the entire probate process out of the equation.
Do I Need A Will Or A Trust?
A will is easy to create and relatively straightforward in terms of maintenance. On the other hand, a trust takes a little bit more involvement during your lifetime. The key difference is how each estate planning method will affect your loved ones after your death. With just a will, you’re leaving your family to deal with probate. But if you create a trust, your loved ones will have a much easier time distributing and receiving what you’ve left behind. Your Katy, TX revocable living trust lawyer can walk you through your next steps.
Let’s Get Started Today
Whether it’s to protect your family from the probate process, or just protect your assets from unwanted interference, Stuart Green Law, PLLC is here to help. It’s never too late to start planning your future. Get in touch with us today, and see how a Katy revocable living trust lawyer from our office can help.