Revocable Living Trust Services in Central Texas
Trusted Guidance for Revocable Living Trusts
When it comes to protecting your legacy, the estate planning lawyers at the Law Offices Of Vic Feazell, P.C. provide clear, honest guidance. A revocable living trust is one of the most powerful tools available to manage your assets and outline your wishes in your estate plan. Our attorneys don’t take a one-size-fits-all approach, of course; we can draft and update trusts to meet your specific goals, whether that means providing for loved ones, keeping assets out of probate, or preparing for the possibility of incapacity. With decades of experience, a results-driven approach, and strong litigation skills if disputes arise, we are prepared to safeguard your future with confidence.
Want to discuss how to make a revocable living trust with a lawyer’s help? Just call (254) 938-6885 and request an initial consultation today.
What is a Revocable Living Trust?
A revocable living trust is a legal document that allows you to transfer ownership of your assets into a trust during your lifetime while maintaining control of them. As the name suggests, it is revocable, meaning you can make changes or even dissolve it at any time as long as you are living and competent.
This flexibility sets revocable trusts apart from irrevocable trusts, which generally cannot be modified once created. Because of this, many Texans choose revocable trusts to maintain control of their assets while creating a clear plan for what should happen if they pass away or become incapacitated.
Key Advantages of a Revocable Living Trust
Creating a revocable living trust offers several practical benefits for individuals and families:
- Avoiding probate – Assets in a trust typically bypass probate, saving time, money, and stress for your loved ones.
- Privacy – Unlike wills, trusts are not public records, keeping family and financial matters private.
- Asset management – If you become incapacitated, your chosen trustee can step in to manage affairs seamlessly.
- Efficiency – Trusts can help families distribute assets quickly, avoiding lengthy court processes.
- Flexibility – You can amend or revoke the trust to reflect changes in your circumstances or wishes.
For many people, the advantages make revocable living trusts one of the most important estate planning tools available. If you are considering making one, get to know more about its benefits by talking with our team.
How a Lawyer Can Help with a Revocable Living Trust
Although some people attempt to set up trusts on their own, a trust that isn’t properly drafted or funded may not achieve its intended purpose. For that reason, it is highly recommended that you only make a revocable living trust with the help of attorneys, like ours at Law Offices Of Vic Feazell, P.C.. We’re always standing by to hear from new and returning clients, so it is never the wrong time to ask us for help.
Our attorneys guide clients through every step of the process, including:
- Drafting trust documents that comply with Texas law and reflect your wishes.
- Transferring assets into the trust so that it functions as intended.
- Coordinating the trust with other estate planning documents, such as wills, powers of attorney, and healthcare directives.
- Advising on tax implications to minimize unnecessary burdens.
- Enforcing trust terms in court and representing clients in disputes if a trust is contested.
By working with an experienced attorney, you can have confidence that your trust is not only legally sound but also strategically structured to serve your long-term goals.
Trust Administration & Ongoing Support
Creating a revocable living trust is only the beginning. Trusts must also be properly administered after they are established. Trustees have important responsibilities, including accounting, distributing assets, and complying with legal requirements. Our firm can advise trustees to help them carry out their duties correctly and without unnecessary personal risk.
If disputes arise, whether over the validity of the trust, the actions of a trustee, or claims by beneficiaries, our trial-tested attorneys are prepared to represent your interests in court. This balanced approach uses both proactive planning and strong legal counsel to protect your interests if challenges occur.
Frequently Asked Questions About Revocable Living Trusts
What is the difference between a revocable living trust and a will?
A will only takes effect after your death and must go through probate, while a revocable trust takes effect immediately and helps avoid probate.
Does a revocable trust avoid probate in Texas?
Yes. Assets properly placed in a revocable living trust generally pass to beneficiaries without going through the probate process once the grantor (the person who created the trust) passes away.
Can I change or revoke my trust after I create it?
You can amend or revoke a revocable living trust at any time as long as you are alive and mentally competent. If the trust is an irrevocable living trust, then amending or revoking it may be impossible.
Do I still need a will if I have a trust?
A “pour-over will” can help keep any assets not titled in your trust in order and allow them to be more simply transferred into it after death. For this reason, even if you have a revocable living trust, you might also want a will.
What happens if someone challenges my trust in court?
If a dispute arises, the court will review the trust’s validity and administration, and our attorneys can represent you to defend your wishes.
Talk to Our Attorneys About Your Trust Today
A revocable living trust can provide peace of mind, protect your loved ones, and respect your wishes. At the Law Offices Of Vic Feazell, P.C., we are committed to helping people in our communities create strong estate plans and addressing disputes if they arise. For any questions about revocable living trusts, talk to our attorneys, who serve clients throughout central Texas.
Contact us today by using an online contact form or by dialing (254) 938-6885. Thank you.