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Trusts Lawyer in Austin

Comprehensive Estate Planning Services

Trusts are used in estate planning for a variety of purposes. The type of trust you create depends on several factors, such as the age of your beneficiaries, size of your estate, and more.

At the Schwab Law Firm, we offer advice and guidance from an experienced trusts attorney in Austin.

Types of Trusts

A properly drafted trust can be utilized effectively for accomplishing specific goals. Each type of trust has specific benefits and is most useful in certain situations. Understanding your options can help you determine which trust or trusts are best for reaching your estate planning goals.

The commonly used trusts in Texas include:

  • Testamentary Trusts – These trusts are created under a will and designed to control the management of assets and property after death. These trusts are often used to manage assets for children before they are able to legally receive property.

  • Revocable Living Trusts – These trusts are sometimes used in the place of traditional estate planning and can be modified during your lifetime as circumstances change

  • Educational Trusts – If you want to make sure money is set aside for higher education, this trust can ensure the money is used as intended.

  • Crummey Trusts – When an individual wants to make a gift into a trust without paying gift taxes, this type of trust makes it possible to exclude some or all of the gift from tax complications.

  • Spendthrift Trusts – This trust protects the assets in the trust from potential creditor attacks.

Attorney Schwab is knowledgeable about each type of trust and how to best use specific trusts to accomplish estate planning goals. He can provide the information you need to understand your options and make the best decision for your estate.

Schedule a Free Consultation

At the Schwab Law Firm, we offer a free 30-minute consultation. Our Austin estate planning lawyer can evaluate your situation, explain how specific trusts can offer advantages for you and your beneficiaries, and answer your questions.

Ready to learn more about how trusts can be used to achieve your estate planning goals? Call (512) 359-3391 for a consultation.

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Why We're the Firm to Trust?
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