When planning for the future, many Texans think of a will as their main estate planning tool. But for some, a revocable living trust offers greater control, privacy, and ease — especially for those managing disability benefits or planning for long-term care.
For a free legal consultation, call (800) 562-9830
Call or text (800) 562-9830 or complete a Free Case Evaluation form
A revocable living trust is a legal arrangement that allows you to transfer ownership of your assets into a trust while you’re alive. You serve as the trustee, keeping full control of your property, and you can change or cancel the trust at any time. When you pass away or become incapacitated, a successor trustee you’ve chosen steps in to manage or distribute your assets according to your wishes — without going through probate court.
Benefits of a Revocable Living Trust
- Avoids Probate: Assets in the trust don’t have to go through the time and expense of probate.
- Ensures Continuity: If you become ill or disabled, your successor trustee can manage your affairs immediately.
- Maintains Privacy: Trusts aren’t public record like wills.
- Flexible and Updatable: You can amend or revoke it at any time while you’re alive.
Important Considerations
A revocable trust does not protect assets from creditors or Medicaid eligibility rules because you still control the assets. It also requires careful setup and “funding,” meaning you must retitle assets (like your home or bank accounts) into the trust’s name for it to work properly.
How to Set One Up in Texas
- List your assets and decide which belong in the trust.
- Choose a trustee and successor trustee.
- Work with an estate planning or elder law attorney to draft and sign your trust.
- Transfer your chosen assets into the trust’s name.
- Keep your trust updated as your circumstances change.
Is It Right for You?
A revocable living trust can be a smart tool for avoiding probate and maintaining control, but it isn’t ideal for everyone. If you’re planning for retirement, disability, or long-term care, talk with an experienced Texas estate planning attorney to see what best fits your goals.
At Marc Whitehead & Associates, we help Texans protect their assets, plan for the future, and make sure their wishes are honored. Contact us today to learn whether a revocable living trust is right for you.
Call us today at 800-562-9830
Or contact us online: DisabilityDenials.com
