Wills and Trusts Law Firm Midland TX
Wills and Trusts Attorneys Representing Clients in Midland, Andrews, Crane, Ector, Glasscock, Howard, Martin, Reagan, Upton, Ward, and Winkler Counties in Texas
At Pinson Law Firm, we understand the importance of having your estate planning documents, including wills and trusts, in order and that your wishes are carried out by your representative or agent. Even though surviving family members are grief-stricken and feel their lives are changed forever, disputes between those left behind can arise. Our Midland County wills and trusts lawyer is skilled, capable, and dedicated to meeting clients’ needs.
The prospect of death is something that most people understandably do not want to dwell on. However, it is critical to think about the future of loved ones now and how they will be provided for in the event of your death. Just as we all buy insurance coverage to protect our health and assets, it is important to consider a will or trust to ensure family members are provided for and that assets are property distributed. The fact is, not preparing a will could result in discord between family members upon your death – something you want to avoid at all costs.
Brief Explanation of Wills and Trusts
In Texas, there are two primary vehicles that allow you to provide for your family members following your death: wills and trusts.
Wills are legal documents in which you name an executor and designate those beneficiaries who will inherit your property or assets upon your death. Basically, a will outlines your wishes for your property so that, even after you are gone, you effectively have control over how your property is distributed. An experienced attorney can guide you regarding legal requirements, probate laws, and other aspects of preparing a will.
Trusts may either be set forth in your will and enforced upon your death, or established while you are still living. Trusts make it possible for you to protect assets and property from public scrutiny, probate, and possibly certain taxes by creating a separate legal entity. There are various types of trusts. The type of trust you choose will be determined, in large part, by how much control you want to have over the assets/property you place in the trust. Essentially, the title to personal or real property is held by the trustee until the time the beneficiary receives the benefits. Some of the types of trusts include testamentary trusts, living trusts, revocable living trusts, irrevocable trusts, pet trusts, and gun trusts.
Why do you need a Midland County wills and trusts lawyer? Documents which are not properly prepared may delay the disbursement of your property upon your death, or even be deemed invalid. In addition, a skilled and knowledgeable attorney can help you make vital decisions that will affect the future of your loved ones.
At Pinson Law Firm, we provide compassionate guidance and support to clients across a large portion of West Texas including Midland, Andrews, Crane, Ector, Glasscock, Howard, Martin, Reagan, Upton, Ward, and Winkler Counties. Contact Pinson Law Firm today for all issues involving wills and trusts, 432-617-3021.