Texas Living Trust With Pour-over Will
Description
How to fill out Texas Living Trust For Husband And Wife With No Children?
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FAQ
EXAMPLE: Joy transfers her valuable property to her living trust. She also makes a pour-over will, which states that any property she owns at death not specifically left to someone in the will goes to the living trust.
To create a living trust in Texas, you must find a licensed attorney familiar with the laws of trusts in Texas. The attorney will advise you on how best to manage your property through the trust and help you develop a document that outlines your wishes.
To make a living trust in Texas, you: Choose between establishing an individual or shared trust. Determine which assets will be included in the trust. Select a successor trustee. Determine the trust's beneficiaries or those who will receive the trust's assets. Create the trust document.
Once assets are within a trust, they can be managed appropriately for the decedent's heirs. Pour-over wills follow the same rules as any other wills in Texas and must go through the Texas probate process. Working with an Austin estate planning attorney is critical to creating a valid and enforceable pour-over will.
over will is a legal document that ensures an individual's remaining assets will automatically transfer to a previously established trust upon their death.