Austin Trusts Lawyers

Austin Trusts Lawyers Providing Options

When it comes to dealing with probate issues, one of the more complicated when planning ahead is the issue surrounding any trust. A trust is an instrument that many times serves the same basic function as a will, but there are several important differences. Not to mention, there are several different types of trusts that can appear before a probate court, so if you're thinking of how to handle your affairs properly, contact an Austin trusts lawyer at Slater Kennon & Jameson to schedule an initial consultation.

Below are a few examples of the types of trusts that can be used for different situations. To find out what would work best for you, schedule an appointment with an Austin trusts lawyer at Slater Kennon & Jameson.

Testamentary Trusts

A testamentary trust is an instrument that most closely acts like a will. A testamentary trust is created under a will and manages the distribution of your assets after your death. These are most often used for children who have not yet reached adult age at the time of death.

Revocable Living Trusts

Generally, revocable living trusts are not as advantageous in Texas in regards to estate planning as they are in other states. This is because of the straightforward nature of probate in Texas and the fact that all of the assets in an estate need to fall under this instrument. Those assets that do not will fall under the probate court's jurisdiction.

Spendthrift Trusts

These trusts are generally just what their title says - trusts that control how a trust's assets are spent and also instruments that offer a degree of protection from the estate's creditors and those with other interests.

Of course, there are many other types of trusts in existence. If you'd like to see how or even if a trust would be advisable for your situation, contact an Austin trusts lawyer at Slater Kennon & Jameson today to schedule a consultation.