Trusts
There are many types of trusts — ranging from simple to complex — each designed to serve different purposes depending on your goals and circumstances.
A trust generally involves three roles: the settlor (also known as the trust maker or grantor), the trustee (who manages the trust), and the beneficiary (who receives the benefit of the trust assets). In some cases, one person may serve in more than one role. In others, each role may be filled by a different individual.
Wills & Probates
Wills
Planning for the future is never easy to discuss, but it is one of the most meaningful steps you can take for your loved ones. Thoughtful estate planning can spare your family unnecessary stress, confusion, and uncertainty during an already difficult time. Preparing a will now helps ensure your wishes are honored and your family is protected. The best time to plan for the future is today.
If a person passes away without a valid will, they are said to have died intestate. In that situation, Texas law determines how the individual’s assets are distributed. Instead of your wishes guiding the process, the court applies statutory rules to decide who inherits your estate.
A will also allows you to name a legal guardian for any minor children in your care. Without this designation, the court must decide who will assume that responsibility. Making that decision in advance helps ensure your children are placed with someone you trust.