Legal Question in Wills and Trusts in Texas
What is the difference between a trust and a will
1 Answer from Attorneys
A Trust protects assets and can distribute assets to yourself while you are alive, and then, to other individuals, after you pass away, if the Trust is properly set up and funded with your property. A Trust can avoid the litigation Probate process, which is a costly process.
A Will only states what you want certain individuals to inherit and includes schedules of property and then, if that property still exists when you pass away, it is distributed by the Executor or Representative appointed by the court and usually named in the Will.
Upon your passing, the heirs in your Will, will need to go through Probate litigation process in order to transfer your property.
Goldstein & Scopellite, PC has qualified Trust attorneys, Probate lawyers and Estate Planning attorneys available to represent you at either one of their law offices located in Dallas, Texas and Tucson, Arizona.
- Please visit their websites at www.LawyersDallas.com and www.Lawyers-Tucson.com for more information or to contact them. Thank you.