Lubbock Living Trust Attorneys

Consider using a living trust when planning what happens to your assets after you pass away in Texas. It's a unique way to handle your belongings and money that differs from a standard will.

If you don't plan carefully, you might cost your family a lot of money.

A living trust can be helpful because it has some good points. But it's not a perfect solution for everyone. Whether it's right for you depends on what you want to do with your things, how much you have, and seeking advice from a Lubbock Living Trust lawyer for personalized guidance.

Why Pick Our Lubbock Living Trust Attorneys?

Why Pick Our Lubbock Living Trust Attorneys?

Living in Lubbock offers a unique experience, from classic cowboy culture to the bustling business district, and we understand the importance of having a legal team that truly gets what you need during life's essential moments here.

Let us introduce you to our team:

Sam Hawthorne

Sam Hawthorne earned the prestigious Board Certification in tax law and estate planning & probate law from the Texas Legal Specialization Board.

He’s good to have on your side when ciphering Texas living trust rules. With his extensive experience, he'll make sure your final wishes are crystal clear.

Beyond his estate experience, Sam is also a Certified Public Accountant (CPA) accredited by the Texas Board of Public Accountancy. His practice areas span business and tax law, estate planning, wills, probate, trusts, and estate laws.

Andrew Beck

Andrew Beck is an experienced attorney who graduated magna cum laude from Texas Tech University School of Law. He's ready to help with business law, estate planning, health law, and commercial transactions.

Andrew's deep knowledge of healthcare laws and regulations provides peace of mind, knowing you're in capable hands regarding your living trust.

Kristen Beck-Perez

Kristen Beck-Perez is a highly accomplished Texas attorney, and her unique background as a licensed Certified Public Accountant (CPA) gives her a remarkable advantage in handling complex financial matters related to end-of-life issues.

Kristen excels in estate planning and trust and estate administration. She's exceptionally skilled at crafting personalized solutions for comprehensive estate planning and guiding you through the intricacies of living trusts, wills, and probate administration.

You're gaining access to a team of highly qualified legal professionals who are exceptionally talented and deeply committed to your success when you choose us.

We provide comprehensive solutions and invaluable guidance for estate planning, living wills, and trusts. Your legal needs are our top priority, and we're here to serve you with excellence and honesty.

Our conveniently located Lubbock office at 4910 Lakeridge Drive, nestled between TruFit Athletic and LA Wellness, ensures that we're easily accessible whenever you need us.

Living Trust vs Living Will

Living Trust vs Living Will

Wills and living trusts are the most common estate planning tools, each with distinct advantages and considerations, all influenced by Texas-specific regulations.

Wills: A will is a legal document outlining how your loved ones will divide your assets upon death. It names an executor to oversee the asset distribution and allows you to appoint guardians for minor children.

One drawback is that a will must go through probate court after your death, a potentially lengthy and costly process.

Living trusts: A living trust also dictates asset distribution but while you're alive. A trustee manages these assets for eventual beneficiaries. The significant benefit of living trusts is they skip the probate process. Living trusts can be revocable (allowing changes) or irrevocable (with tax advantages but no alterations).

Texas has unique estate laws distinguishing it from other states:

Uniform Probate Code: Texas does not follow this code, making probate proceedings more complex and expensive. However, it has incorporated it in some aspects of probate law, so consulting a lawyer is the best way to understand the implications.

Community property: Texas recognizes community property, meaning assets acquired during a marriage are co-owned by both spouses.

Wills may raise legal concerns when distributing community property to someone other than the spouse. Living trusts are valuable for sidestepping this issue, as spouses jointly transfer community property into the trust.

Important considerations:

Cost: Establishing a living trust can cost $1,500 to $5,000 for drafting terms and transferring assets.

Asset transfer: Transferring assets into the trust requires retitling, which can be time-consuming.

Taxes: Income and estate taxes still apply, necessitating state-specific planning.

Regular review: Circumstances change, so regularly review your estate plan, particularly after significant life events.

In Lubbock, living trusts offer substantial benefits for avoiding probate and addressing community property laws. Simple wills can fill any gaps left by a trust.

Professional legal assistance and periodically reassessing your plan ensures your estate plan aligns with your evolving needs. Estate planning is vital for safeguarding your assets and ensuring they benefit your loved ones as intended.

How Can a Lawyer Help With My Living Trust?

How Can a Lawyer Help With My Living Trust?

Lawyers ensure your trust complies with state laws, minimizing the risk of disputes or challenges.

  • Clear language: Lawyers make the complicated legal language easy to understand so you can make intelligent choices.
  • Choosing the right people: They help you pick the right people to manage your trust and receive your assets, ensuring your wishes are safe.
  • Keeping up with the law: Lawyers know the latest rules and regulations, so you won't miss important updates that could cost you.
  • Smooth process: If you can't manage your trust, lawyers ensure everything runs smoothly in your place.
  • Peace of mind: With a lawyer's help, you'll know your trust is set up correctly, protecting your assets and your loved ones' interests.

We're Here to Support You

We're Here to Support You

We're here to help you understand your living trust and guide you through the legal process.

Don't delay – ensure your future with Beck Law Firm. Your compassionate partner for living will matters. You can reach us at (806) 702-7909.

Your well-being is our top priority, and we're committed to offering unwavering support with excellence and integrity.

Contact us today to take the crucial first step toward peace of mind and protection for you and your loved ones.

Contact Us to Schedule Your Consultation

Contact Us to Schedule Your Consultation

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