Trusts Attorney in San Antonio
Invest in Your Loved Ones’ Futures with our Assistance
Are you looking for a way to ensure your estate can be settled more quickly and securely for your loved ones? A trust might be right for you. A trust is an important legal document you can use to make various determinations for your estate, such as property division, guardianship of minor children, charitable giving, and estate tax planning. Most people choose to hold their estate in a trust because it avoids probate.
If you’ve been considering a trust to protect your family, Aria Law PLLC can help. We’ve facilitated this process for many clients before, helping each make the individual choices they needed to feel confident about the future. A trust can play a central role in your estate plan, often making your will a backup plan more than anything. With guidance from our trusts attorney in San Antonio, however, we can help you prepare a trust that accounts for all of the decisions that are important to you.
Learn more about how we can help you with your trust by scheduling a wealth counsel session. Get in touch with our San Antonio trust attorneys today by calling (210) 960-9996 or submitting an online contact form.
How Does a Trust Avoid Probate?
Probate is the legal process of validating someone’s will and administering their estate in court. It occurs whether or not the deceased actually left a will, and because court records are public, everything that happens during probate can be researched by anyone.
Add court and attorney’s fees to privacy concerns – as well as the time it takes to deal with an overburdened legal system – and it becomes clear why so many people want to avoid probate in the first place.
What is a Trust?
Trusts are special documents that avoid this process by removing the grantor’s (trust maker’s) personal ownership of their property and place it the control of the trust.
In an ideal scenario, the trust will be funded such that the grantor will pass away with nothing of significance in their personal estate. This means there is nothing left to probate, so probate is not necessary.
What types of Trusts Exists?
There are many different types of trusts that have niche purposes, but all trusts are either revocable or irrevocable. Understanding the difference is important because there are consequences for how much control you have over property once you fund it into a trust, as well as tax and asset protection considerations.
What Are Revocable Trusts?
A revocable trust is one whose terms can be modified by the grantor once created. Perhaps the most common of these types of trusts is a revocable living trust, which many people use to live off of during their lifetime. When they pass away, the succeeding beneficiaries named to the trust inherit their remaining property without probate.
What Are Irrevocable Trusts?
Irrevocable trusts are important tools to use when your primary concern is asset protection for your family’s future. While the grantor cannot change how this trust is structured or funded once created, the property within an irrevocable trust is protected against the grantor’s creditors. In addition to avoiding probate, irrevocable trusts can also bypass certain estate taxation when property is disbursed to its beneficiaries upon the grantor’s death.
If you require further assistance in understanding which kind of trust can help you accomplish your estate planning goals, schedule a free consultation with our trusts attorney in San Antonio at Aria Law PLLC.
When it's time to think about your future, Aria Law is prepared to help navigate you through the estate planning process. Get in touch with our team today to discuss your options.