Considerations for a Living Trust

A living trust is a contract that designates a trustee to oversee your assets while you are alive, and distribute them to your beneficiaries according to your wishes upon your passing. A living trust has many benefits. One of the most common reasons people create them is to avoid the lengthy and costly process of probate, which their estate would have to go through without one.

It is important that you take all suitable precautions when establishing a living trust and it is generally advisable to work closely with an experienced estate planning attorney. If you are considering making a living trust, contact the Houston estate planning attorneys of Garg & Associates, P.C., at 281-362-2865.

Elements to Account for in a Living Trust

Choosing to make a living trust comes with some important decisions, but a compassionate and capable attorney can help you throughout the process. The following are some of the elements to account for when establishing a living trust:

  • Choose which important items to leave in your trust, and what you wish to leave out
  • Designate your beneficiaries
  • Designate someone to be your trustee once you pass on
  • Choose someone, either the trustee or another trusted family member or friend, who will manage the assets that will go to minors or children
  • Document your choices in writing
  • Have the document signed at a notary public
  • Have your property titles designated to you as the trustee of your living trust

Contact Us

When it comes to distributing your assets to your loved ones, you want to make sure all your affairs are in order. The Houston estate planning attorneys of Garg & Associates, P.C., are dedicated to helping all of our clients to accomplish their estate related goals. Contact us by calling 281-362-2865 today.

 

firm info  |  practice areas  |  articles  |  faqs  |  blog  |  contact us  |  Site Map  |  resources  |   Find us on Google+   |   Log in

Garg & Associates, PC | 21 Waterway Avenue, Suite 300 | The Woodlands, Texas 77380 Please call 281-362-2865 | Fax: 866-743-4506
Serving The Woodlands, Spring, Houston, Conroe, Kingwood, Tomball, Cypress, Huntsville, Cleveland, Stafford, Montgomery County, Harris County, West Oaks, Memorial, Sugar
Land, River Oaks, Alief, Stafford, Missouri City, and Southwest Houston Texas.