Houston Wills and Trusts Attorney
Learn the Difference Between a Will & Trust in Texas
Many estate plans have both a will and a trust, laying out what will happen to the estate once you, the creator, pass. That said, you do not necessarily need to have both of these documents. Depending on your needs, one or the other may be adequate enough for you and your family. At The Pollard Firm, PLLC in Houston, our estate planning attorney will help you understand your options, determine the best choice, and help you create an effective will or trust.
What is Included in a Will?
A will is a legal document in which you may state how you would like your assets and property to be distributed after you pass. If you have minor children, a will also allows you to appoint a guardian for them. Otherwise, in the absence of a will, the court will appoint a guardian for you and, unfortunately, it may not be a person you would have approved of.
In addition to distributing your assets and property, a will can also state how you wish for them to be handled. You may also disinherit individuals who will otherwise inherit without these specific stipulations.
What Are the Advantages of Having a Trust?
Much like a will, a trust allows individuals to specify how they would like their assets and property to be distributed in the aftermath of their death. Unlike a will, your trust will pass property outside of probate court, which will save your beneficiaries time and money. Moreover, the details of a trust can remain private, whereas a will is part of public record. If privacy is important for you, a trust may be a better option for you to pursue.
Whether you choose to create a will, a trust, it is crucial to hire an attorney to guide you through the process. The more effectively you plan for the future, the better off your loved ones will be, which can give you peace of mind.
Schedule a Phone Consultation with Our Houston Attorney Today.
Planning for your family’s future is an important step no one should neglect. Many often believe estate planning is strictly for the wealthy, but creating a will or a trust can benefit most individuals. At The Pollard Firm, PLLC in Houston, our knowledgeable estate planning attorney will discuss your legal options with you and help you create an effective trust or will. With our help, you can rest easy knowing that, no matter what the future holds, your loved ones will be cared for.
Do not hesitate to get started on creating a will or trust. Call our law office today at (832) 864-9296 to request a initial phone consultation with our experienced estate planning attorney.