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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'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

  • Their firm is knowledgeable and professional. It's always a pleasure working with them.

    “I work with the Willingham Law Firm exclusively for Estates and Elder law clients. As an Estate Planning attorney in Arizona it is important to have a network of trusted attorneys around the country to refer my clients to for their out-of-state legal needs. The Willingham Law Firm has stepped up many times and both myself and my clients have been very pleased. Their firm is knowledgeable and professional. It's always a pleasure working with them.”

    B Rodgers

  • 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 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 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