SIMPLE LAW TX
Revocable Living Trusts
Irrevocable Living Trusts
Charitable Trusts
tOP ESTATE PLANNING LAWYER IN hOUSTON, TX
Plan your future with a dedicated living trust attorney in Houston, TX. Here at Simple Law TX, we know that thinking about estate planning can feel overwhelming and bring up complex emotions. We're here to offer exceptional support that makes establishing your estate plan a breeze.
Our living trust attorney in Houston offers comprehensive estate planning services designed to safeguard your assets, minimize taxes, and ensure your wishes are carried out exactly as you intend.
Ready to take control of your future and protect what matters most?
Don't wait – contact Simple Law TX today at 281-697-6678 or fill out our online form to schedule your free consultation.
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There are a variety of living trusts to choose from, each presenting their own benefits and drawbacks. Our living trust attorney can help you select the right type of trust to meet your estate planning needs and fulfill your long-term goals. Here are the 3 common living trust options:
Revocable Living Trusts
A revocable trust is the most common type of trust, and is a powerful option for those prioritizing flexibility.
As the name suggests, you can change or even cancel this trust during your lifetime. As the grantor, you keep complete control over the assets in the trust and can make adjustments as your circumstances or wishes change.
Here are some more benefits of a revocable living trust:
• You can modify or terminate the trust at any time if you need to
•You can serve as your own trustee
If you ever can't manage your affairs, there's a smooth way to transition control
•Assets held in the trust can avoid probate
Irrevocable Living Trusts
An irrevocable living trust is permanent. Once you create it, you generally can't change or revoke it without the beneficiaries' consent. If you have questions about possible exceptions to this rule, our living trust attorney could advise you on your options.
The permanence of these documents might sound limiting, but irrevocable trusts offer some unique benefits, especially for those with high net worth or specific estate planning needs.
Here's what an irrevocable living trust can do for you:
• Potentially lower your estate taxes
• Protect your assets from creditors
• Help with Medicaid planning
• Keep your assets safe for future
generations
Charitable Trusts
If you're passionate about giving back, a charitable trust can help you support causes you care about and possibly give you some tax benefits too.
There are two main types of charitable trusts:
• Charitable Remainder Trusts: These allow you to receive income from the trust for a specified period, with the remaining assets going to a charity when you pass away.
• Charitable Lead Trusts: These provide income to a charity for a set period, with the remaining assets eventually passing to your beneficiaries.
The cost of working with a living trust attorney in Houston varies based on the complexity of your estate and the type of trust you’re setting up.
Simple Law of Houston offers competitive, transparent pricing for our living trust services. Our Living Trust Package is priced at $3,200, which includes a comprehensive set of estate planning legal documents to ensure all your bases are covered.
Here's what you get with our Living Trust Package:
• Living Trust Documents
• Customized Will
• Financial Power of Attorney
• Medical Power of Attorney
• Living Will
• HIPAA Release
• Will Execution Ceremony
Our living trust attorney offers this all-inclusive package to cover not just your assets but also your medical and financial wishes if something happens to you.
Our founding attorney, Carey Worrell, brings 20 years of experience in estate planning and trust creation to the table. Our firm stays up-to-date with the latest changes in Texas estate law to ensure your living trust is legally sound.
It's right there in our name - we're all about keeping things simple.
The idea of setting up a living trust might sound complicated, but we make it straightforward and down-to-earth, keeping you informed every step of the way. We break down the legalese in a way that’s easy to understand, so you know exactly what’s happening and why.
You won’t be bogged down by legal jargon or complicated processes — we keep things straightforward from start to finish.
We know your time is valuable, and that’s why we’ve streamlined our process to have a quick timeline and affordable prices.
You don’t need to worry about weeks of back-and-forth or high legal fees, and you get dedicated legal service without the hefty price tag that comes with big law firms.
At Simple Law TX, we believe in being upfront about our fees. No surprises, no hidden costs. We mostly use a flat-rate pricing model, so you'll know exactly what to expect from the get-go.
When it comes to something as important as creating a living trust, you want to work with a team deeply experienced in a wide array of estate planning matters. That's where we come in.
Here's why Simple Law TX is a reliable choice for your living trust attorney in Houston.
We've fine-tuned our process for creating living trusts to make it as smooth as possible. Here's what you can expect when you work with us.
Initial Consultation
We start with a comprehensive consultation to understand your unique situation, what you're hoping to achieve, and any concerns you might have.
This is your chance to ask a living trust lawyer all your questions and get a clear picture of how a living trust can benefit you and your family. We'll talk about your assets, your family dynamics, and your long-term goals to figure out the best trust structure for you.
Drafting the Trust Document
Once we have all the information, our attorneys will draft your living trust document.
We pay attention to every little detail to make sure your trust aligns perfectly with your wishes and complies with Texas law.
We'll include provisions for managing your assets, guidelines for distributing them, and any specific instructions you want to include.
Transferring Assets Into the Trust
After we've drafted the trust document, we'll guide you through the process of transferring your assets into the trust.
This step is crucial - it's called "funding" the trust.
We'll help you change the ownership of your assets from your name to the name of the trust. This includes things like real estate, bank accounts, investments, and other significant assets. Our living trust lawyer makes sure nothing gets overlooked.
Designating Trustees and Beneficiaries
After we've drafted the trust document, we'll guide you through the process of transferring your assets into the trust.
This step is crucial - it's called "funding" the trust.
We'll help you change the ownership of your assets from your name to the name of the trust. This includes things like real estate, bank accounts, investments, and other significant assets. Our living trust lawyer makes sure nothing gets overlooked.
Review and Finalization
Before we dot the i's and cross the t's, Simple Law TX sits down with you to do a thorough review of all your documents.
This is your chance to ask any final questions and make any necessary changes.
Once you're completely happy with everything, we'll walk you through signing and notarizing your trust documents to make them legally binding.
Hear From Our Clients
Are you ready to take the next step in securing your family's future with a living trust?
Contact Simple Law TX today to schedule your free consultation. Our experienced Houston living trust attorney is ready to guide you through every step of the process and make sure your estate plan perfectly aligns with your goals and values.
Give us a call at 281-697-6678 or fill out our online contact form to get started.
Let's work together to create a living trust that gives you and your loved ones peace of mind.
Schedule a Consultation
Frequently Asked Questions
Still have more questions? Here are answers to some FAQs people in Houston often have about living trusts.
If you've set up a revocable living trust, you can generally make changes to it anytime during your lifetime. Irrevocable trusts, on the other hand, are more set in stone and typically need the beneficiaries' consent or court approval to change.
Yes, it’s a good idea to have both. We often call this a "pour-over will," and it acts like a safety net to catch any assets you might have forgotten to transfer into your trust.
It can also cover other important matters, like naming guardians for minor children.
If your living trust is properly drafted, it should remain valid if you move to another state.
But, it's a good idea to have an attorney in your new state take a look at it to make sure it complies with local laws.
A living trust helps you avoid the time-consuming and expensive probate process, keeps your estate matters private, and gives you flexibility to make changes as needed.
Plus, a living trust can include incapacity planning and potentially offer tax advantages.
Here are some of the most common mistakes:
• Not funding the trust properly
• Choosing a trust that doesn't fit your situation
• Forgetting to update the trust when your life circumstances change
• Picking trustees or beneficiaries who might not be the best fit
• Not making sure your trust works well with your other estate planning documents
Don't worry, though - our experienced living trust attorneys at Simple Law TX will guide you through the process to help you sidestep these and other potential issues.
Your trustee should be someone you trust to manage your assets responsibly.
Many people choose a family member or close friend, but you can also appoint a professional trustee, such as a bank or attorney if you prefer.
For a revocable living trust, you can name yourself as the initial trustee, but you'll need to name a successor trustee to manage the trust if you become incapacitated or pass away.
