The Woodlands Wills & Trusts Lawyer

Experienced Trust and Will Drafting Services in Texas

Wills and trusts are among the most foundational elements of any estate plan. Mr. Michels can help you draft a Will or Trust tailored to your needs. Our team can help you determine which solution meets your unique needs. 

Contact us online or call (281) 843-9723 to schedule a free initial consultation.

What Is a Last Will and Testament?

A last will and testament—or, simply, a will—is a legal document that states how you want your assets to be distributed after you pass away. It also appoints someone to manage your estate and directs how your debts should be paid. A will can also name a guardian for your children or appoint a conservator for your finances.

Why You Need a Will

Without a will, the state will decide how your assets should be distributed. This can result in your assets going to distant relatives instead of the people you care about. A will allows you to designate the people you want to receive your assets and to specify how they should be distributed.

Additionally, without a will, your assets may not be distributed in a way that meets your wishes or your goals for your assets. For example, if you have a child with special needs, you may want to ensure that your assets are distributed in a way that allows that child to receive the care they need. 

Types of Trusts in Texas 

Trusts are a common estate planning tool used to hold assets for the benefit of a beneficiary or multiple beneficiaries. The trust creator can designate himself or herself as the beneficiary of the trust while he or she is alive. The creator can also name a third-party beneficiary. 

There are different types of trusts, including: 

• Revocable Trusts: Also known as a living trust, a revocable trust is one in which the trust creator can make changes to the trust while they are still alive. 
• Irrevocable Trusts: An irrevocable trust cannot be changed or modified in any way once it has been made. 
• Special Needs Trusts: Special needs trusts can be used to provide ongoing care and financial support for individuals with special needs and allow them to receive state and federal benefits.
• Charitable Trusts: A charitable trust can be used to designate certain assets to specified charities and organizations. 

A trust can take many forms, and its purpose can be as simple or as complex as the trust creator wishes. Trusts have many advantages, including the ability to avoid probate, which can save time and money. 

When Is a Trust Beneficial?

A trust can be very beneficial in several situations. A trust can be used to hold assets for minor children or disabled adults. A trust can also be used to hold assets for any other beneficiary, such as a spouse, grandchild, or charity. A trust can also be used to hold assets for the benefit of the trust creator after they become disabled. Mr. Michels can help you determine if you would benefit from creating a trust. We encourage you to reach out to him today to learn more during a free initial consultation. 

You can reach us online using the secure contact form here on our website or by calling (281) 843-9723. There is no cost and no obligation in speaking to our attorney about your estate planning needs. 

Understanding Wills and Trusts in The Woodlands, Texas

In The Woodlands, navigating the complexities of wills and trusts can be daunting, especially with the unique needs of our community. Local resources, such as the Montgomery County Clerk's Office, provide essential information on estate planning and the legal requirements for drafting wills and trusts. Understanding these local regulations can help you make informed decisions about your estate.

Residents often face challenges when it comes to ensuring their loved ones are taken care of after they are gone. For instance, many families in The Woodlands are concerned about how to protect their assets while also providing for children with special needs. A well-structured trust can address these concerns, ensuring that your loved ones receive the support they need without jeopardizing their eligibility for government benefits.

Additionally, with the growth of The Woodlands and its vibrant community, many individuals are looking to secure their legacies through charitable trusts. This not only benefits local organizations but also allows you to leave a lasting impact on the community you cherish. Understanding the various types of trusts available can help you align your estate planning with your personal values and goals.

We recognize that each family in The Woodlands has its own unique circumstances and pain points. Whether you are a new parent wanting to ensure your children's future or a retiree looking to simplify your estate, we are here to guide you through the process. Our goal is to help you create a comprehensive estate plan that reflects your wishes and provides peace of mind for you and your family.

Contact us online or call (281) 843-9723 to discuss your estate planning needs today.