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College Station, TX
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Trusts: From choosing the right type to creation

When it comes to estate planning, you have many options. Some people opt for nothing more than a will. Others, however, find that creating a trust would be in their best interest.

There are many benefits of a trust, including the fact that assets included in this are not subject to probate. Furthermore, it adds another layer of privacy to the estate administration process.

Of course, you need to choose the right type of trust for your situation. There are many options to choose from, including:

-- Revocable trusts

-- Irrevocable trusts

-- Family trusts

-- Charitable trusts

-- Insurance trusts

All of these come with a variety of benefits, with each type providing advantages both in the short and long term.

A revocable trust, for example, is among the most common types. With this, you can transfer assets as often as you like and even dissolve the trust if need be.

Once you know which type of trust is best, you can get started with creating this legal arrangement. This is a tedious process, as you need to decide which assets to add to the trust as well as who will receive the assets upon your death.

Our website and blog is full of information and advice associated with trusts. If you have any questions pertaining to your particular situation, don't hesitate to contact us online or via phone. From there, we can setup a consultation during which time we can discuss your wants and needs. In the end, the only thing that matters is that you have the right trust in place.

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Law Office of Randy Michel
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College Station, TX 77840

Phone: 979-314-2965
Phone: 979-764-2435
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