Legal Question in Wills and Trusts in Texas
In the state of Texas can an individual have a probatable will for their "worldy property" and a revocable living trust for protected assets? If so, is the will probated first?
Asked on 7/15/10, 9:52 am
1 Answer from Attorneys
Bob Leonard
Bob Leonard Law Group, PLLC
The individual's Will can only pass what he or she has. If assets have been put into a trust, then they are owned by the trustee and not the individual. If the trustee dies, there will be a successor trustee. The Will can be probated at any time (up to four years) regardless of the trust and will transfer only the property that is still owned by the deceased, not what is in the trust. There are exceptions, of course, so you should discuss this with a probate attorney.
Answered on 7/16/10, 6:18 am