Due to the Coronavirus, all Wills, Trusts, and Estate Planning can be done remotely. The initial consultation, review and signing can be done from your home.
McKinney Estate Planning Attorney
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Drafting Your Trust in McKinney

Estate Planning Lawyers Help Create a Plan for Your Assets

Creating a trust can be critical part of the estate planning process, and can help save your family time, frustration, hassle, and confusion in the event of your death. By having a trust in place, you can have control over how your assets are distributed when you die rather than having the State of Texas decide how your property will be divided.

At The Willingham Law Firm, PC, our estate planning attorneys understand how important it is to have a comprehensive and legally sound trust in place. We work with clients in the McKinney area to help them achieve their unique estate planning objectives in a fast, affordable, and effective manner.

Advantages of a Trust

Some of the advantages of having a trust in place include:

  • Having control over how and when your assets will be distributed after death
  • Reducing the amount of gift and estate taxes
  • Avoiding the time, cost, and hassle associated with probate
  • Being able to name a successor to manage your trust after you die
  • Ensuring security for your loved ones
  • Protecting the privacy of your personal financial affairs
  • Avoiding disputes over your assets after death

Trusts vs. Wills

Some of the most common questions about trusts revolve around their cost and the benefits that they provide in comparison to a will. The simple answer is that, because they are more complex, trusts do require more legal sophistication and typically cost more. However, trusts offer numerous advantages that wills do not.

With a will in place, you only have the power to transfer property to another individual. This means that designated recipients who are minors receive property, but, because they do not have the same rights as an adult, they will have a court-appointed guardian over the estate. This guardian has access to the child's finances, can make determinations on what is in the best interests of the child, and potentially take advantage of the situation.

With a trust in place you can designate how, when, and why someone receives your property, and even designate a trustee over the finances, giving you a higher degree of control and more peace of mind.

Schedule a free consultation with our McKinney estate planning lawyers by calling us today at (214) 499-9647 in McKinney

Recent Reviews
From Satisfied Clients

  • Me and my husband went to Willingham Law Firm to have wills done in our new home state of Texas.

    “Me and my husband went to Willingham Law Firm to have wills done in our new home state of Texas. Taylor and his staff exhibited extreme knowledge and skill with regard to estate law, which, in turn, put us at ease with the decisions we had to make. They guided us through each step and we couldn't be more pleased with the outcome. This place is top-notch! Thank you for all your help.”

    Stacy Rollans

  • Taylor's expertise along with the firms very knowledgeable and professional staff are something every family should experience when it comes to estate planning.

    “My wife and I have a blended family and were blind to what we needed to have established in order to protect our legacy in the event something devastating happened to one or both of us. Taylor made this easy, simple to understand, and also guided us through some of the tough decisions that we could make ahead of time instead of putting our family through turmoil later. Taylor's expertise along with the firms very knowledgeable and professional staff are something every family should experience when it comes to estate planning. A process that can be frightening and uncomfortable to discuss was turned into a great experience and provide valuable protection for our family within a very short period of time.”

    Terrence Thomas

  • Taylor and the fine folks in his office are always there for us. Its always a pleasure dealing with the efficient processes delivered by this team of fine professionals.

    “The Willingham Law Firm team comes through once again! Whether it be long-distance scheduling, remote consultation or explanation of complex agreements, Taylor and the fine folks in his office are always there for us. Its always a pleasure dealing with the efficient processes delivered by this team of fine professionals.”

    Michael Frank

  • Taylor Willingham actually helps set up estate planning and wills so there will not be any legal wrangling over estates when the time comes.

    “Was surprised (in a good way) to see how Taylor Willingham actually helps set up estate planning and wills so there will not be any legal wrangling over estates when the time comes. Too many lawyers want to to set up wills so there is still plenty of billable hours for them at probate. A very refreshing change!”

    David Quisenberry

  • Taylor and his office are exceptional

    “Taylor and his office are exceptional. I am always treated like family. I know the advice is coming from an expert in the field. I have referred all of my friends and family here and they've all had the same experience. Planning is something everyone needs to be prepared for and they make it painless.”

    Elizabeth Hardwick