There Is A Trust For Your Unique Situation

Many clients ask us about alternatives to the delay and expense associated with probate. We recommend a variety of probate avoidance strategies. Some assets may qualify as non-probate property, such as back accounts where you can name a payable on death or transfer on death beneficiary. There are also a variety of trust options, revocable or irrevocable, where the trust property does not have to be probated.

We Can Set Up A Living Revocable Trust

One popular option is a living revocable trust. During your lifetime, you can set up this trust and name yourself as both the trustee and beneficiary. You may revise it at any time, or even revoke it. Upon your passing, your designated successor trustee assumes control, administering the trust assets for the benefit of your named successor beneficiaries. All of that happens without the need to go through probate.

We Will Advise You On The Trust That Is Right For You

There are many other types of trusts to choose from, including irrevocable trust options where you do not retain control over the transferred assets. Each trust offers unique benefits, such as insulation from creditors, or providing for the care of disabled or minor children.

We Help You Avoid Common Estate Planning Mistakes

Regardless of your choice of trust, it is important to consult with an attorney when setting up your trust. In addition to state-specific requirements, you want to avoid common mistakes. For example, many people don't realize that a trust document is ineffectual unless you have funded the trust. That means that you must change the title of specific assets from your name to the name of the trust. The new title will also name the trustee.

Contact An Experienced Trust Attorney

The San Antonio Law Office of Thomas G. Bassler can help you make sound financial decisions for your estate. To schedule your free initial consultation, contact us online or call 210-826-8885.