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.

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Answered on 10/01/03, 3:09 pm


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