USING LIVING TRUSTS EFFECTIVELY

A living trust (also known as a revocable trust) is an estate planning tool that helps individuals avoid the probate process after death . A living trust removes the individual’s assets from his or her name into the trust. A trustee, which can be the individual, has a fiduciary duty to manage the trust for the beneficiaries of the trust. Once the individual passes away, a successor trustee then takes over.

There can be advantages to creating a living trust, including:

Avoiding probate
Reducing cost and time in distributing an estate
Estate tax exemptions can apply
Assets can remain private and not part of public record
Trust is revocable and amendable during the individual’s lifetime

Contact our San Antonio living trusts attorneys . At Law Offices of Daniel J. MacNeil, PLLC., we provide exceptional estate planning services, including planning, drafting and funding living trusts and irrevocable trusts.

Law Offices of Daniel J. MacNeil, PLLC

Revocable Trusts

USING LIVING TRUSTS EFFECTIVELY

Call or Contact Our San Antonio and Hill Country Revocable Trust Lawyers