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McKinney Estate Planning Lawyers for Living Trusts

What is a Living Trust?

When individuals with family and loved ones die, they want to be able to leave as many assets as possible to those they care about and avoid the costly fees associated with probate lawyers. If this is your goal, creating a living trust may be the perfect option.

A living trust is a legal document that you create during your lifetime naming your specific desires with regards to assets, dependents, and your heirs. Upon death, your trust may bypass the probate process completely and a successor trustee will be tasked with carrying out its instructions.

Some of the benefits of creating a living trust may include:

  • Ensuring that your final wishes will be carried out
  • Avoiding the time, cost, and hassle of the probate process
  • Saving money on estate taxes

Types of Living Trusts

There are two basic types of living trusts, which are basic living trusts and AB trusts. A basic living trust is used both for individuals and couples, and are used to avoid the probate process. An AB trust is intended solely for couples and to avoid the probate process while also helping you save on estate taxes.

Let Us Help You Find the Best Option for Your Unique Situation

At The Willingham Law Firm, PC, our McKinney estate planning attorneys can sit down with you during your free consultationto better understand your needs and concerns and recommend what type of living trust may be the best option for your situation.

Your goals are our goals, and we are committed to ensuring that your wishes are clearly expressed and your loved ones are well taken care of long after your death.

For more information on living trusts and how our team can assist with the creation process, contact any of our conveniently located offices today.

Recent Reviews
From Satisfied Clients

  • TAYLOR AND HIS TEAM GO THE EXTRA MILE

    “Taylor and his team did a great job with our families estate planning needs. He was very professional and made our experience a positive one. We would highly recommend him to anyone needing legal advise.”

    Michelle Hutchison

  • TAYLOR HAS DONE A FANTASTIC JOB!

    “As a Certified Financial Planner, I recommend the Willingham Law Firm for my client's estate planning needs. Taylor had done a fantastic job for my clients. ”

    Jeffrey Reddick, CFP

  • 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

  • Taylor Willingham is an excellent, knowledge attorney.

    “Taylor Willingham is an excellent, knowledge attorney. I've used Taylor for my business formation as well as my personal will and trust. I would use him again, have referred him to family and friends, and will continue to do so. Taylor is a trusted and valuable resource that I highly recommend.”

    Courtney Hugghins

  • 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