Find an Arlington Lawyer to Help With Wills & Trusts

Ultimately, taking the time to prepare with a thought-out estate plan that consists of a will or a living trust is one of the best things you can do for your family. Professional Texas attorneys such as John Hixson have been helping families do that for years in Arlington and the surrounding community. This helps your loved ones to grieve without having to make important decisions or deal with lengthy paperwork at a difficult time.

Understanding The Differences Between Wills & Trusts

One main difference between wills and trusts in Texas is that one goes into effect after someone dies and the other takes effects as soon as it is created (a trust). A will is a legal document that directs who will receive property at someone’s death. It also appoints a legal representative to carry out the wishes of the will. While a trust is used to begin distributing property before death, at death or even after. A trust is a legal arrangement through which one person or institution such as a bank or law firm, known as a trustee, holds the legal title to property for someone else known as a beneficiary. A trust typically has two beneficiary types: one that receives income from the trust throughout their life or another that receives whatever is left after the first set of beneficiaries pass on.

A will covers any property that is only in the beneficiary’s name when they die. It doesn’t cover anything in a trust or in joint tenancy. A trust, however, covers only property that has been transferred directly to the trust itself. Also, a will passes through probate. That means that a court oversees that the will is valid and the property is distributed accordingly. A trust passes outside of probate, so a court isn’t required. This saves both time and money for living family members.

If you or a loved one need help with wills & trusts in Arlington or the surrounding communities, call 817-261-5000 today to speak to a professional estate planning attorney.

johnlaw_admin Sep 13, 2018 Comments (0)

Everything You Need to Know About Will Preparation in Arlington, Texas

A will, also known as a last will and testament, helps to protect both your family and your property. A will can be used to:

  • Name an executor, the person who is responsible for carrying out your wishes
  • Name a trusted person to manage property that you leave to minor children
  • Name a personal guardian to care for your minor children
  • Leave property to people/organizations

Will preparation by a professional wills & probate Texas attorney helps to ensure that you and your family are prepared for the worst. It is one of the most selfless decisions you can make for your family as they are given time to grieve when it is needed and not to resolve your loose ends.

What happens if I die without will preparation in Texas?

In the state of Texas, if you die without a will, your property is distributed according to state intestacy laws. This means your belongings go to your closest relatives starting with your spouse or children (if applicable). If you have neither, then your grandchildren or parents get your property. The list continues until the court is able to find living relatives to give your things to.

A professional wills preparation lawyer will work with you to prepare your will perfectly. They will ensure that everything is thought of when it’s most important. You will be protected when you need it most. Professional will preparation is more than just paperwork, it is years of experience analyzing situations to advise you on the best way to accomplish your wishes.

If you or a loved one need help with will preparation from a professional attorney in Texas, call 817-261-5000 today.

johnlaw_admin Sep 06, 2018 Comments (0)

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