A credit shelter trust is a trust that allows married couples to only be taxed on six percent of their estate for estates totalling less than $500,000.

According to experts, assets that are set up in this kind of trust can be used by a surviving spouse during their lifetime and then passed on to children in the event of the spouse’s death.

Trusts are a great way to ensure that your loved ones receive the assets that you intended without having to go through costly and time-consuming probate litigation.

If you or someone you love would like more information on setting up a trust, please contact the Houston trust lawyers of Garg & Associates, P.C., at 877-780-8937.

When navigating through all the legal jargon of trusts and wills, it can be difficult to understand the differences between the two and decide which one is best for you.

Wills and trusts have a few important distinctions. The most important thing to know is that, while trusts are initially more expensive to create than wills, they could save your family huge amounts of money in probate litigation costs. This is because trusts cannot have probate proceedings that occur when a will is challenged. Trusts cannot be challenged, so you can be sure that your assets will go to the people you had intended.

Also, trusts can be put into effect while you are alive. If you wanted to allocate a specific amount of money to a loved one during your lifetime, that would be possible with a trust.

If you or someone you love would like more information on creating a trust, please contact the Houston trust lawyers of Garg & Associates, P.C. at 281-362-2865.