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Trusts Lawyers in Katy

Protect Your Estate with Experienced Legal Advice

Theander & Grimes provides our clients with helpful counsel about how to protect their assets. Trusts offer a great, legal way to ensure your estate remains protected from probate and creditors following your passing. With a well-constructed trust, you increase your family’s chances at a stable and prosperous future. Call our Katy attorneys today to schedule your initial consultation with our team and get started planning how to give your family a lasting estate.

Call (281) 968-9965 now or contact us online to schedule a consultation with Theander & Grimes.

What Is a Trust?

In general, trusts serve one of two purposes, if not both: fund special care and protect family assets from being liquidated by creditors or in probate. For example, you might create a trust in order to limit the number of assets you have available in order to qualify for Medicaid. If you have a child with special needs, you can set up a trust to ensure their needs are met even after you are gone.

Depending on your needs, you may wish to establish a:

  • Living trust: Also known as a revocable trust, you can use these to transfer property and other assets so they fall under the ownership of the trust rather than your family. Putting assets in a living trust prevents them from being subject to probate, ensuring your family will have access to what they need following your passing. While creditors can still access the trust’s assets, they must first obtain court permission to do so.
  • Irrevocable trust: These trusts cannot be changed once they are formed, making them useful for protecting assets. For example, some people put some of their assets into an irrevocable trust in order to lower the assets they have available when applying for Medicaid. It is important to form one of these trusts with care, as they cannot be accessed in any way following their creation.
  • Special needs trust: If you have a child or other loved one with special needs, you know how expensive it can be to provide them with the right care. While gifting the person money may disqualify them for important SSI benefits, establishing a special needs trust can provide them with care along with government benefits for years to come. The laws surrounding these trusts are complicated, so it is important to work with an experienced legal team to do it right.

Setting Up a Trust in Fort Bend or Harris County

There are a few requirements in Texas when it comes to creating your trust. For example, there must be a stated purpose for the trust to prevent people from sheltering money indefinitely. There are also limits to how long a trust can last.

Before setting up a trust, you should consider:

  • Why the trust will be established
  • What exactly will go into the trust
  • Who will be the trustee/hold the title for the property
  • Who the beneficiaries will be

Theander & Grimes has experience helping clients establish effective trusts. Let us help you plan your family’s estate and keep your property in your own hands as much as possible. Call today and schedule your initial consultation with our firm.

Ready to begin planning your family’s trust? Call (281) 968-9965 now to schedule your consultation with Theander & Grimes.

HELPING YOU GIVE YOUR FAMILY

THE SECURE FUTURE THEY DESERVE