The Denton estate planning attorneys with Christman Ramsey & Foster, PC have helped a lot of people over the years. Since we have so much experience, we get a lot of questions on a regular basis. Our estate planning attorneys in Denton TX routinely provide answers regarding setting up a trust. Many of them involve people who have property outside the state of Texas, and want to know whether or not a trust is needed. Here’s some information that will help if you have the same question.
Is a Trust Recommended for Out-of-State Property?
As our Denton estate planning attorneys will tell you, the answer to that is an emphatic, “yes.” If you want your heirs to avoid the hassles and frustration of going through probate, you should definitely let the estate planning attorneys in Denton TX with Christman Ramsey & Foster, PC help you set up a Revocable Living Trust (RLT). Here’s why.
If you’re a resident of the state of Texas when you pass away, any property you have outside of the state will have to go to probate if you don’t have an RLT. If you have multiple properties in several states, you heirs will have to go through the process in each state.
That not only means they’ll have to go through a bunch of hassle, it could very well mean they’ll have to hire several attorneys – one in each state where your property sits.
This is the biggest reason you’ll need to speak with our estate planning attorneys to establish an RLT. There are a few states where the probate process is relatively easy – unfortunately, there are many others that are anything but. Your loved ones could have to go through a lot of expense and a lot of confusion. They’ll also have to waste an incredible amount of time.
Let Us Help Your Loved Ones Avoid These Problems
Our Denton estate planning attorneys will work with you to set up a strong RLT that will deliver many advantages. Learn more by calling Christman Ramsey & Foster, PC at 972.445.9907 or by contacting us online.