Houston Spendthrift Trust Attorneys

In the course of drafting a trust for the future of an estate, some people may recognize that their beneficiaries are not financially savvy. In fact, it may be common knowledge among the family that certain people who should be included in a trust are simply bad with money. For this reason, those planning for the future of their estate have the option to include spendthrift clauses or provisions in their trusts.

If you are considering how to protect your estate while planning for the future, contact the experienced Houston spendthrift trust lawyers of Garg & Associates, P.C. at 281-362-2865 to learn more about your options.

Reasons for Spendthrift Trusts

The concept of a conditional trust may seem odd to some. It may seem that if someone cared enough to leave behind property, they would do it with good faith in the beneficiary. However, drafting a spendthrift agreement can be a wise decision that actually shows that a benefactor truly does want the best for his or her beneficiaries. Consider the following individuals who could benefit from a spendthrift agreement:

  • Children
  • Those with problematic addictions like gambling or drugs
  • Those with underdeveloped fiscal knowledge
  • Those who have yet to prove their abilities

Remembering that trusts can include major responsibilities upon property transfer, a spendthrift agreement, in conjunction with a third-party manager to award property when the beneficiary meets the proper requirements, can protect both property and the beneficiary.

Contact Us

The process of putting together a spendthrift trust can be a complex series of legal procedures. In establishing the specific terms of these trusts, dividing an estate can easily grow confusing. Allow an experienced legal advisor help you today. Contact the Houston spendthrift trust attorneys of Garg & Associates, P.C. by calling 281-362-2865.

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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.