New Video: “The Different Types of Trust in Texas: A Video Guide”
Check out the video below in which Texas trust attorney Isaac Shutt discusses the most common types of trust in Texas.
What are the main types of trusts in Texas?” Isaac expertly dissects the world of trusts into two primary branches: revocable trusts and irrevocable trusts.
KEY TAKEAWAYS:
Revocable Trusts: These are the go-to option for most individuals seeking estate planning solutions. Isaac highlights their popularity due to the privacy they offer, avoidance of will probate, and overall cost-effectiveness. A revocable trust essentially functions as an alternative to a last will and testament.
Irrevocable Trusts: While less common, these trusts serve specific purposes, particularly for wealthier clients with complex financial needs. They are ideal for scenarios involving special tax planning, providing for special needs beneficiaries, or optimizing charitable giving while gaining tax benefits.
Customization is Key: Isaac emphasizes that estate planning, much like medicine, isn’t one-size-fits-all.
Check out this informative video below!
To ask a legal question or get legal help from the Texas estate planning attorneys and probate attorneys at Shutt Law Firm, use the online contact form, schedule a Texas estate planning consultation, or call (214) 302-8197.
Visit www.ShuttLawFirm.com for more information on Revocable Trust, Irrevocable Trust, or other Texas estate planning documents, contact the Richardson, TX, Estate Planning Attorneys at office@shuttlawfirm.com.
Shutt Law Firm’s office is conveniently located just north of Dallas, Texas, and just South of Plano. The law office is near the intersection of highway 75 and Arapaho Road in Richardson, TX.
You can also call Shutt Law Firm at (214) 302-8197 for more information on the topic discussed in this article or to discuss a different legal matter.
Please consider the Shutt Law Firm if you want to know about how to get a trust in Texas, more about a Texas Last Will and Testament, or you need Dallas Estate Planning Attorneys serving Richardson, Plano, Allen, McKinney, Garland, Addison, Rockwall, TX, Collin County, Dallas County, or surrounding North Texas area.
DISCLAIMER: Nothing in this brief article constitutes legal advice. The information provided herein is merely provided in the spirit of education and is believed to be accurate as of the time it was originally prepared, and laws change. If you have a legal question, you should consult a lawyer for your specific legal situation. Further, nothing in this article shall be construed to have started an attorney-client relationship. No such relationship exists until both you and and an attorney at Shutt Law Firm sign an engagement letter.