Legal Question in Wills and Trusts in Texas
Living Estate
Will you please let me know the definition of a living estate.
Thankk you.
Asked on 10/01/03, 9:57 am
1 Answer from Attorneys
Cheryl Rivera Smith
The Smith Law Firm
Re: Living Estate
You are probably asking about a living trust -- which sometimes is a part of an estate plan and used to bypass the probate process. There are only a few circumstances where living trusts are useful in Texas. The probate process is so quick and simple here, for most people, a simple will is more practical and less expensive to create and administer.
Answered on 10/01/03, 3:09 pm