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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 have been invaluable assets to me.

    “Taylor and his team have been invaluable assets to me. Taylor has a way of taking complicated subjects and breaking them down to something tangible and simple to work through. Rachelle might be the most helpful person ever! She has been great in explaining and teaching. Highly recommend the firm!”

    Brad Barton

  • 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

  • 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 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