Creating a trust is one of the most effective estate-planning tools available for safeguarding your hard-earned assets and ensuring your loved ones are provided for. At Barrera Sanchez & Associates, our dedicated McAllen probate lawyers have helped countless adults protect and preserve their estates through customized trusts designed to meet their unique needs.
What Is a Trust?
A trust is a legal arrangement in which one party (the trustee) holds and manages assets for the benefit of another (the beneficiary). By transferring ownership of property into a trust, you can:
- Avoid probate delays and minimize court involvement
- Control asset distribution according to your wishes
- Reduce estate-tax exposure for your heirs
- Safeguard assets from creditors and disputes
Trustees have a fiduciary duty to act in the best interests of beneficiaries. Without proper legal guidance, trustees may inadvertently commit self-dealing or mismanage trust assets—risks our McAllen probate lawyers help you eliminate.
Why Choose Barrera Sanchez & Associates for Trusts in McAllen
- Local Expertise
Based in McAllen, we understand Texas probate law and the specific legal requirements for setting up and administering trusts in our community. - Personalized Service
Every client’s circumstances are different. We take the time to learn about your family, goals, and concerns so your trust is tailored precisely to your wishes. - Transparent Fees
No hidden costs—our flat-fee structure for trust formation means you know exactly what you’ll pay from the start. - Responsive Communication
When questions arise, you’ll speak directly with an attorney, not a paralegal. We pride ourselves on clear, prompt updates.
Benefits of Establishing a Trust in McAllen
- Speed and Privacy: Trusts avoid the public and often lengthy probate process.
- Flexibility: Choose the timing and conditions for distributions to beneficiaries.
- Asset Protection: Shield assets from lawsuits, divorces, and creditors.
- Capacity Planning: Include provisions for managing your affairs if you become incapacitated.
- Tax Planning: Potentially lower estate taxes and gift-tax liabilities.
How Our McAllen Probate Lawyers Can Help
- Initial Consultation
We assess your assets, family structure, and goals to determine the best trust solution. - Trust Drafting & Funding
From revocable living trusts to irrevocable trusts, we draft precise documents and guide you through transferring your property into trust. - Trustee Guidance
We coach trustees on their fiduciary duties, record-keeping, and distribution requirements to avoid legal pitfalls. - Ongoing Administration
Need help with amendments, beneficiary changes, or accountings? We provide continuous support to keep your trust current and effective.
Frequently Asked Questions
Q: What’s the difference between a will and a trust?
A will only takes effect after your death and must pass through probate. A trust becomes effective immediately upon funding and generally avoids probate.
Q: Can I serve as my own trustee?
Yes. Many clients name themselves as initial trustee, then appoint a successor trustee to step in if they become incapacitated or pass away.
Q: How much does it cost to set up a trust?
Our flat fees depend on complexity, but we provide an upfront estimate—no surprises.
Ready to Protect Your Legacy?
Don’t leave your assets and loved ones to chance. Our experienced McAllen probate lawyers specialize in trusts in McAllen and is here to make the process simple and secure. Call us at 956-287-7555