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

  • I am a former employee for the Willingham Law Firm and they are by far the best attorneys.

    “I am a former employee for the Willingham Law Firm and they are by far the best attorneys I have worked for, and I have worked for a few different ones in the past. They truly care about their clients and their staff. I highly recommend this firm if you are wanting to get any sort of Estate Planning done.”

    Rachelle Dytko

  • Taylor was wonderful and easy to work with.

    “Taylor was wonderful and easy to work with. He was very quick which was helpful since I brought my baby with me. He was also very straightforward which was appreciated! He gave some suggestions on changing up our life insurance policy while also getting all the information needed to write up our documents. When it comes to protecting my family in times of crisis and hard times, I trust we will be protected because of the work that he puts into helping us plan for the unexpected. He was personable and related to our circumstances because he’s been there. I highly recommend him to everyone!”

    Mariah Sutherland

  • Mr Willingham and his staff were more than competent, They were friendly and they treated us with a great deal of respect.

    “My wife and I went to discuss having wills drawn. Mr Willingham and his staff were more than competent, They were friendly and they treated us with a great deal of respect. We did not have a great deal of money or assets but they spent the time needed to make us feel comfortable. Besides that Mr. Willingham explained the 4 documents that were the most important to us in our situation, gave us very sound advice on protecting the assets we have. It was a great experience. They really understand Elder law and what is important to those of us getting on in years.”

    Ron Ramsey

  • This is the best Law Firm that I’ve known.

    “This is the best Law Firm that I’ve known. The staff is extremely friendly and knowledgeable. I don’t have any hesitation to recommend them to my friends, family or connections.”

    Trevor Budge

  • As a professional, working with the Willingham Law Firm, has been terrific.

    “As a professional, working with the Willingham Law Firm, has been terrific. They are attentive to client needs, and carefully customize each estate plan. Taylor takes time to answer questions and explain the law and concepts to clients in a simple understanding way. One thing I appreciate is that he never talks down to people, and his staff looks for opportunities to help their clients. A truly great law firm that goes the extra mile!”

    Wendell Brock