Understanding Trusts in Texas – A Practical Guide for Families
July 7, 2025
In Texas, creating a trust is one of the most effective ways to protect your assets and simplify the transfer of wealth to your loved ones. But many people still ask: “Do I really need a trust if I already have a will?”
🤝 Wills vs. Trusts: What’s the Difference?
While both tools allow you to pass down assets, they work differently:
- A will takes effect after your death and typically goes through probate—a court-supervised process.
- A trust becomes effective immediately and allows you to manage your assets during your lifetime and pass them on without probate.
💼 Common Types of Trusts We Use at The Barber Law Office:
- Revocable Living Trust
- Avoids probate
- Keeps your financial affairs private
- Can be amended or revoked during your lifetime
- Irrevocable Trust
- Cannot be changed after creation
- Often used for asset protection or Medicaid planning
- May reduce estate taxes and shield assets from creditors
- Special Needs Trust
- Helps families care for disabled loved ones without jeopardizing their eligibility for government benefits
🛠️ Who Benefits from a Trust in Texas?
You might benefit from a trust if:
- You own property in multiple states
- You want to minimize court involvement
- You have complex family dynamics (blended families, estranged relatives, etc.)
- You’re concerned about protecting assets from lawsuits or nursing home costs
✅ Bottom Line:
Trusts aren’t just for the ultra-wealthy. For many Texas families, they’re the smartest way to protect their future and ensure a smooth legacy transition.
📞 Want to know which trust is right for your family? Call The Barber Law Office at (281) 464‑5297.