San Antonio Revocable Living Trust Lawyer

Bexar County Trusts Attorney Helping Families Throughout the Estate Planning Process

There are multiple different types of estate planning tools that a family can use to make decisions about what will happen after a person's death, ensure that loved ones will have the necessary financial resources, and manage different types of assets throughout a person's life. Trusts are a powerful and flexible method of managing and distributing assets, and in many cases, it can be beneficial for a family to set up a revocable living trust. By working with a lawyer who has an understanding of the laws related to estate planning, a family can be sure they are fully prepared for the future.

The law firm of Geoff Mayfield, Attorney at Law provides families with legal help throughout the estate planning process. Geoff works closely with clients to make sure they understand the available options while advising them on the best steps they can take to protect their assets and provide for their loved ones while meeting their own needs. He provides invaluable advice and guidance to ensure that families are fully prepared to address the issues that may affect them in the years to come.

What Is a Revocable Living Trust?

When a person creates a trust, they will be taking certain assets, such as money, real estate, or other property, and transferring them into the control of a trustee. The person who creates a trust, known as the grantor, will provide instructions to the trustee for how the assets in a trust will be distributed to different beneficiaries.

In a revocable living trust, the grantor may also serve as the trustee, which will give them control over how the assets in the trust will be used. Since the trust is revocable, its terms may be changed at any time. In many cases, a grantor will use the assets in a trust to provide for their own needs throughout their lifetime. They will name a successor trustee who will take control of the trust's assets after their death or if they become incapacitated. Any assets that remain in the trust after the grantor's death will be distributed to other beneficiaries according to the terms of the trust.

A revocable living trust can offer a great deal of flexibility and provide a person with control of their assets, while also ensuring that these assets will be properly distributed to their beneficiaries. This can be a good way to make sure a person will have the necessary financial resources to cover living expenses, medical care, and other needs for the rest of their life. It will also allow a person to transfer assets to their children or other heirs while specifying how these assets will be used. A revocable living trust will provide a family with privacy, since the terms of a trust are confidential, and assets may be distributed without the need to go through the probate process. It can also help avoid the possibility of contested estates while also ensuring that a person can make changes to their decisions about the distribution of assets when necessary.

Contact a San Antonio Living Trust Attorney

If you have questions about which estate planning tools you should use to address your family's needs, Geoff Mayfield can advise you of your options and make sure you follow the correct steps to create and execute the necessary legal documents. He will work with you to create a comprehensive estate plan that will provide for your needs during your lifetime while ensuring that your wishes will be followed after your death. Contact us today by calling 210-535-0870 to set up a complimentary consultation. We provide legal help with living trusts and estate planning in Boerne, Frio County, Wilson County, Laredo, Blanco County, Seguin, Comal County, Atascosa County, Del Rio, San Antonio, San Marcos, Medina County, Hondo, New Braunfels, Kendall County, Kerrville, Bexar County, and Guadalupe County.