Ultimately, it’s a privilege to be able to plan for what will happen to your retirement accounts, investments, cars, and real estate when you pass away. Without delegation in writing, it’s often the case that your belongings and property will be distributed according to what the probate court sees fit.
Our Katy, TX trust lawyer has seen the harm in these situations. When your assets are given away to your relatives based on state law, issues among family members may arise and it may create a longer legal process for everyone. Getting in touch with our legal team at Stuart Green Law, PLLC will help secure your final wishes.
Why Our Trust Lawyer Can Prove To Be Beneficial
Creating a trust ultimately gives you more deciding power in where your assets and property go when you’re no longer able to enjoy their benefits. There are numerous rules and laws that need to be considered when putting this together. Additionally, there are several types of trusts to choose from that can be adjusted throughout your lifetime.
With this in mind, collaborating with our Katy trust lawyer will open up doors you may not have even thought existed. We have attuned experience that can help you discern what routes may be best for you to take depending on your individual goals and situation.
What Makes Creating A Trust Worth It
No single decision comes without risk or potential downsides—that’s a reality many of us have had to accept. We strive to be upfront about the limitations of creating a trust and any issues that may come up. Still, there are a few important reasons our clients have found trusts to be beneficial:
- Overall Simplicity. There are multiple areas that are made easier when you put a trust together. It provides a tangible document that you can later amend, depending on any life changes that occur. It also eliminates the need for you to enter a conservatorship if you ever become severely cognitively impaired.
- Increased Privacy. In the final moments of our life, it’s likely we will be drawn to thinking about our loved ones and how they will live the rest of their life. If we can ensure they are taken care of after we’re gone, we will likely feel a greater sense of peace. Getting the court involved in your financial situation and familial relationships when you are thinking about your passing can feel insensitive to your circumstances.
- Further Independence. Extending distributions to your beneficiaries for a set period of time and minimizing the amount of tax liability you will face are a couple aspects you may feel more in control of when compiling a trust. It can help to provide a sense of knowing in a time of uncertainty.
Our Katy trust lawyer has been devoted to sitting down with clients to brainstorm the most effective and personalized trust packages for years. Please reach out to our legal staff at Stuart Green Law, PLLC to learn more about the services we offer and how they might benefit you.