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Livens & Reed, PLLC

Posts tagged "revocable trust"

Estate planning can benefit by the use of living trusts

There are many reasons why an estate plan in Texas might include the use of living revocable trusts. Such living trusts give the grantor the opportunity to distribute assets while alive and to fashion trusts in the shape and manner desired to provide for one's heirs. Because they are revocable, the grantor retains control over the assets should changes be desired.

Texas families benefit from estate planning instead of promises

Making verbal promises for asset transfers do not hold up once a person is deceased. Failure to do proper estate planning can result in the state of Texas stepping in to choose how assets will be distributed. Any person can create an estate plan regardless of how much or how little he or she has.

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