• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Our Promise to You During COVID-19/Coronavirus
    • Home
    • Our Firm
      • About Our Firm
      • Attorney and Staff Profiles
      • Speaker Connection
    • Services
      • Asset Protection & Business Planning
      • Elder Law & Medicaid Services
      • Estate Planning Services
      • Financial Planning Assistance
      • Incapacity Planning
      • IRA & Retirement Planning
      • Legacy Planning
      • LGBTQ Estate Planning
      • Probate
      • SECURE Act
      • Special Needs Planning
      • Wills & Trusts
    • Elder Law
      • Coping with Alzheimer’s
      • Guardianship and Conservatorship
      • Medicaid Crisis Planning
      • Medicaid Planning
    • Seminars
    • Webinars
    • Resources
      • Elder Law Resources
        • Elder Law & Medicaid Definitions
        • Elder Law Reports
      • Estate Planning Resources
        • Estate and Gift Tax Figures
        • Estate Planning Articles
        • Estate Planning Definitions
        • Estate Planning Reports
          • Advanced Estate Planning
          • Basic Estate Planning
          • Estate Planning for Niches
          • Trust Administration
        • Estate Planning Worksheet
        • Is Your Estate Plan Outdated?
      • Free Consultation
      • Free Estate Planning Seminars
      • Frequently Asked Questions
        • Estate Planning FAQs
        • Trust Administration & Probate FAQs
      • Newsletters
      • Our Client Care Program
      • Pre Consultation Form
      • Professional Resources
        • Educational Alerts
    • Reviews
      • Our Reviews
      • Review Us
    • Contact Us
    • Blog

    McGee Law Firm

    Your Resource for Estate Planning, Elder Law and Medicaid / VA Planning

    Call Us Today 817-899-3286
    • Facebook
    • Instagram
    • LinkedIn
    • YouTube
    Attend a Free Seminar
    Attend a Free Webinar
    Estate Planning Webinar
    Nursing Home Webinar
    Home / Trusts / Is a Living Trust a Good Idea?

    Is a Living Trust a Good Idea?

    February 26, 2020 by Brandon McGee

    It’s critical to take all the estate planning steps necessary to ensure that your final wishes are met upon your death. And for that reason, the creation of a living trust may be the right idea.

    The-question-of-estate-planning

    There are a variety of benefits associated with this estate planning tool, including but not limited to:

    • No probate: If you rely solely on a will, your assets will go through the probate process upon your death. This court proceeding can drag on for longer than expected, especially in the event of a will contest. However, with a living trust, this isn’t a concern. Any assets that you house in the trust are not required by law to go through probate, thus making for a faster and more efficient distribution to your heirs.
    • Privacy: Many people create a trust because of the privacy protection it provides while they’re living. Just the same, this holds true after death. A will is a public document, which allows anyone and everyone to see what you’ve done with your assets (and how much you had). A trust is never made public.
    • It works in the event of incapacity: If you’re incapacitated as the result of an injury or illness, your trustee can take action to manage your estate while you’re unable to do so. Without this, you’re taking a major risk as the court may have to appoint someone to manage your financial affairs until you’re able to step back in. And if they don’t name the right person, it could result in tension between your loved ones and poor decisions that don’t benefit you.

    These benefits should provide you a clear idea as to what a living trust can do for you. It’s not necessarily the right choice for everyone, but it should at least be taken into consideration.

    Once you learn more about a living trust, you can decide how to work it into your estate plan. Some people move most or all of their assets into a trust, while others only rely on it for some of their assets. You have the flexibility to make decisions that will benefit you, your estate, and your loved ones.

    With so much to think about and so many questions to answer, you may require professional guidance when creating a living trust. That’s where we can help. Over the years, we have assisted hundreds of people – just like you – with the creation of a living trust.

    Once you contact us, it won’t be long before you’re making a final decision for or against this estate planning tool.

    • Author
    • Recent Posts
    Brandon McGee
    Brandon McGee
    Brandon McGee enjoys a successful law practice focusing on estate planning, elder law, Medicaid preplanning and crisis planning, and probate. Brandon and his team combine legal skills with compassion and understanding to develop estate plans that are personalized to the needs of each of their clients.
    Brandon McGee
    Latest posts by Brandon McGee (see all)
    • Estate Planning and Protecting Against a Family Dispute - February 24, 2021
    • Tax Planning for 2021 - February 23, 2021
    • Concerns to Discuss With Your Estate Planning Attorney - February 17, 2021

    Filed Under: Trusts

    About Brandon McGee

    Brandon McGee enjoys a successful law practice focusing on estate planning, elder law, Medicaid preplanning and crisis planning, and probate. Brandon and his team combine legal skills with compassion and understanding to develop estate plans that are personalized to the needs of each of their clients.

    Primary Sidebar

    Blog Subscriptions

    • This field is for validation purposes and should be left unchanged.

    Follow us

    • Facebook
    • LinkedIn
    • YouTube

    TESTIMONIALS

    -Rebecca Javins
    Client Review
    September 2, 2020
        

    I am so glad I was fortunate enough to be referred to Brandon McGee. He listened to my needs and developed an estate plan that is comprehensive and addresses all my needs and concerns. I highly recommend him and his firm. I sleep much better now knowing everything is in place.

    default image
    -Rebecca Javins

    Fort Worth Address

    Fort Worth
    810 W. 10th Street
    Fort Worth, TX 76102
    United States (US)
    Phone: (817) 899-3286
    See Larger mapGet Directions

    Fort Worth Map

    map

    Southlake Address

    Southlake
    101 River Oaks Dr., Ste. 110
    Southlake, Texas 76092
    United States (US)
    Phone: (817) 899-3286
    See Larger mapGet Directions

    Footer

    • Advantages of Working With our Firm
    • About the American Academy
    • Disclaimer
    • Sitemap
    • Contact Us

    Connect to Us

    • Facebook
    • Instagram
    • LinkedIn
    • YouTube
    footer logo

    © 2021 McGee Law Firm
    All Rights Reserved