ESTATE PLANNING & TRUSTS
Too often, the majority of people spend most of their lives working hard to earn money. But, only to have their retirement years spent living on a fixed income.
Planning Wills is the first step necessary to protect your property and especially your family. Nevertheless, if you have dependents or family members who might need more money or property, often, a will is not enough.
When you want to avoid probate, or provide seamless access to inherited cash and real estate, living trusts can be invaluable tools for Houston estate planning. A living trust is an instrument in estate planning that ensures asset protection from forfeiture to the state and allows for your children or beneficiaries to avoid the whole probate process in Court.
Trusts are powerful tools for estate planning businesses that provide people with further options that they might not be able to achieve by any other means. Trust offers a variety of incentives as part of a comprehensive estate plan.
A trust may be revocable or irrevocable trust. It is possible to revoke or change a revocable trust. But an irrevocable trust, on the other hand, can’t be withdrawn and can only be amended through the provisions of the trust. Creating a living trust can be a complicated process with serious tax implications. But, working with an experienced estate planning lawyer who can guide you throughout the whole process can advise you on various obstacles and contingencies.
If you suspect fraudulent trust-related activity or financial mismanagement, immediate legal action might be necessary. When it comes to protecting and defending the financial future of your family, it’s time to reach out to The Law Office of Troy M. Moore, PLLC, for an experienced estate planning lawyer.
Our utmost priority is to provide assurance and peace of mind for you and your family so that your estate plan and family wealth are safely protected. Our law firm, PLLC, wants you to know that we will distribute all your assets, real estate, and possessions to your rightful heirs precisely the way you planned.
Troy M. Moore understands that every family is different, and every heir has his or her own needs. At The Law Office of Troy M. Moore, PLLC, our law attorney will explain to you the options available to protect your property. We represent trustees, settlers, and beneficiaries involved in trust-related disputes in Texas. Our living trust attorney in Houston, Texas, has extensive experience in resolving different types of trust cases for 19 years. We deeply understand how crucial it is to secure your interests as well as the directives set out in your loved one’s will or trust. Let us help you get the answers you need for you to move forward.
Revocable Trust Lawyer Serving Northwest Houston, Tomball, and Cypress TX
Our law firm provides legal representation and advice to our clients across Texas with guidance on issues involving types of trusts, including:
- Revocable living trusts
- Marital trusts
- Grandparents’ trusts
- Miller Trusts
- Testamentary trusts
- Special needs trusts
- Bypass trusts
- Charitable trusts
What To Do Before Preparing A Living Trust
Here are the things that you need to do before we can help you create a living trust:
- Write down a list of all your properties, real estate, bank accounts, savings, investments, and significant valuables.
- The list should include everything you own.
- Locate the records of your assets.
- Choose the beneficiaries.
- Choose a successor trustee.
- Appoint a guardian for your minor children.
Use Living Trusts Efficiently
A living trust is an estate planning tool that helps people avoid the probate process upon death. This type of trust is also called a revocable trust. In transferring the owner’s properties from his or her name into the trust, a living trust may be able to avoid probate. A trustee, who can be the same person, has a fiduciary duty to manage and handle the beneficiaries’ trust. And then a successor trustee eventually takes over when the person passes away.
Benefits of having a Trust include:
- Avoids probate – Probate can be a costly and lengthy process. Trusts that don’t need to go through the probate process to ensure that assets and inheritance are transferred faster and with fewer potential problems such as disputes. Avoiding probate also reduces financial drains on the property.
- Reduces time and cost in estate administration
- Exemptions from estate taxes can apply
- Assets can maintain privacy – The records of probate are available when a Will goes through the probate process. Most people want to protect their private affairs from the risk that someone will take advantage of such records and pry into their affairs.
- Trust is revocable and manageable during the individual’s lifetime.
If you are willing to learn more about living trusts, talk to our board-certified Houston trusts attorney. We offer outstanding probate and estate planning services, which includes the preparation, drafting, and managing of living trusts and irrevocable trusts. Speak with our Texas board-certified attorney at law so we can discuss and explore how we can help you with your estate planning needs.
With a wide variety of Trusts, our law firm guarantees that we can satisfy all your needs. Speak with us so we can help you through special needs trusts, trusts of guardianship management, ARC trusts, revocable trusts, or charitable trusts.
Most often, trusts are used to restrict the beneficiary’s access, especially in the case of minor children. A trustee may serve as an individual’s check valve with his or her assets. You may wish to determine the age at which the trust should terminate, have the trust end in stages, or the trust continue in perpetuity. At the Law Office of Troy M. Moore, PLLC, we will provide you with options and help you develop an estate plan that will give you peace of mind that you deserve.
We Protect Your Rights and Interests
It can be hard for trustees as well as successor trustees to fully understand and meet all their duties and roles under the Houston trusts law. Responsibilities in asset protection and accounting are often tricky and can create a lot of pressure. Nonetheless, as your legal representative, we will work hard to make sure that you understand your position and legal duties. We are fervent to help you avoid legal disputes and potential liabilities. Conversely, you may be able to bring your claim to trial, if you are an heir and feel that the benefits you are entitled to are neglected or misappropriated.
Trust litigation is inevitable at times. There are circumstances where there may be a need for trust litigation. Our law attorney represents clients involved in the following conflicts relating to trust:
- Interpretation of Trust
- Funding of Trust
- Trust modifications
- Mental capacity
- Trust termination
- Distribution of Trust
- Undue influence
- Successor trustees
- Trustee suitability
- Breach of fiduciary duty
Whether you are a trustee or a beneficiary, we, at The Law Office of Troy M. Moore, PLLC, aim to address and resolve the conflicts you face. We work to protect and restore your trust at hand. We will work diligently for you from restoring losses due to mismanagement and dishonesty to safeguarding people from allegations of fraud or liability. We’re going to discuss and work with you to achieve your goals.
We Protect Your Vulnerable Dependents
You must appoint a beneficiary who will obtain your assets and a trustee who will handle the distribution of the assets if you create a trust in Texas. This is particularly useful when:
- Minor children are the beneficiaries
- Disabled adults or recipients of special needs trust benefits are the heirs
- You own complex property that needs to be handled in a particular way. Still, for the benefit of your family, you would like some profits from that asset.
- You want to use the estate for a particular purpose.
- You want to donate funds to an organization like a charity.
A trust can also help your family avoid the expensive probate process and unnecessary taxes. Our outstanding trust lawyer knows that each trust is unique and that each beneficiary needs an individual plan. We are willing to sit down with you and listen to your needs and goals and use our over 19 years of extensive experience to help you make those goals a reality.
We offer a wide range of trusts, including:
- Revocable or irrevocable trusts
- Spendthrift trusts
- Special needs trusts
- Living trusts
- Charitable trusts
Over 19 Years of Experience Crafting Effective Estate Plans
At The Law Office of Troy M. Moore, PLLC, we give our clients the estate planning representation they need, that is attentive to their unique circumstances. Trusts are flexible tools that meet a variety of requirements, from supporting a minor child or elderly individual to maximizing the value of the property passed on to your loved ones. With more than 19 years of experience in estate planning, we will evaluate your situation and assist you in crafting the estate plan and trust to achieve your goals.
Take Care of Your Family and Contact Our Texas Revocable Trust Lawyer
Serving Houston, TX Clients With Trust Needs
Let our experienced estate planning lawyer in Northwest Houston, Cypress, Tomball, and Spring, Texas, support your family, and avoid uncertainty with the help of our living trust services. If you do this following an estate plan, you can decide how your properties are allocated, set up health care plans, and more. Our law attorney will develop a comprehensive plan and will take into account all the particular requirements and needs of your family. Turn to an exceptional trust attorney at The Law Office of Troy M. Moore, PLLC, if your estate plan requires a trust that is as beneficial as possible.
We invite you to download and complete our Estate Planning Questionnaire included on this website.
To learn more about how we can best represent you in heirship matters and lawsuits, please contact our Cypress / Tomball Location today at 281-970-8039. We provide a free phone consultation to all prospective clients.
How Can I Help
If you need any helps, please feel free to contact us.