Cibolo Trust Attorney

Let Our Firm Protect Your Assets

If you're considering setting up a trust to protect your assets and provide for your loved ones, the experienced team at Weisinger Law Firm is here to help. As a leading Cibolo trust lawyer, we assist individuals and families in Cibolo, TX, with all aspects of trust creation and estate planning. Whether you want to avoid probate, reduce tax burdens, or ensure a smooth transfer of wealth, a well-drafted trust can help you meet your goals with confidence.

Contact us today at (210) 985-9224 to begin your trust planning journey.

What is a Trust?

A trust is a legal arrangement that allows a person (the “grantor” or “settlor”) to place assets under the management of a third party (the “trustee”) for the benefit of another person or group (the “beneficiaries”). Trusts can be customized to meet a variety of personal, financial, and estate planning goals. Unlike a will, a trust can take effect during your lifetime and continue after your death.

Common Types of Trusts

There are several different types of trusts, each with its own benefits and purpose. Here are the most commonly used trusts in Cibolo, TX:

Revocable Living Trust

This is the most popular type of trust for estate planning. It allows you to retain control over your assets during your lifetime, with the flexibility to modify or revoke the trust at any time. Upon your death, the trust becomes irrevocable, and assets are distributed according to your instructions—without going through probate.

Irrevocable Trust

Once created, this type of trust cannot be changed or revoked (with very limited exceptions). It is often used to reduce estate taxes, protect assets from creditors, or qualify for Medicaid and other benefits.

Testamentary Trust

Created through a will, this trust only goes into effect upon your death. It’s frequently used to manage assets for minor children or beneficiaries who are not ready to receive a lump-sum inheritance.

Special Needs Trust

This trust is designed for beneficiaries with physical or mental disabilities. It allows you to provide for their future without disqualifying them from government assistance programs like Medicaid or Supplemental Security Income (SSI).

Charitable Trust

If you want to support a charitable cause, a charitable trust allows you to donate assets while potentially reducing estate and income taxes. These trusts can be structured to benefit both a charitable organization and your heirs.

Asset Protection Trust

Used for shielding assets from lawsuits and creditors, this type of trust is more complex and typically requires careful planning. It’s often utilized by professionals, business owners, and those in high-risk occupations.

At Weisinger Law Firm, we can help you understand which trust structure aligns with your long-term goals and how to maximize its benefits.

Benefits of Trusts

Creating a trust can offer numerous advantages for individuals and families in Cibolo, TX. Some of the most significant benefits include:

• Avoiding Probate: Probate is a public legal process that can be costly, time-consuming, and emotionally draining for your loved ones. Trusts allow your assets to bypass probate entirely, enabling faster and more private distribution.
• Preserving Privacy: Unlike wills, which become public record during probate, trusts remain private. This means your financial affairs and the details of your beneficiaries stay confidential.
• Providing Ongoing Support: Trusts are especially helpful for managing assets over time. If you have minor children, a loved one with special needs, or beneficiaries who may not be financially responsible, a trust provides the legal framework to ensure they’re cared for.
• Reducing Taxes: Certain types of trusts can help minimize estate, gift, and income taxes, which can preserve more of your wealth for future generations.
• Protecting Assets: Trusts can be structured to protect your assets from creditors, lawsuits, or even divorce settlements. This is particularly valuable for individuals with significant personal or business liabilities.

FAQs About Trusts in Cibolo, TX

Do I need a lawyer to create a trust in Cibolo, TX?

While you can find DIY trust templates online, they often lack the detail and customization required for effective estate planning. Hiring a knowledgeable Cibolo Lake trust lawyer ensures your trust complies with Texas law and truly reflects your wishes.

Can I change or cancel a trust once it’s been created?

If you’ve created a revocable living trust, you can modify or revoke it at any time during your lifetime. Irrevocable trusts, on the other hand, are generally permanent and cannot be altered without a court order or the consent of all beneficiaries.

Will a trust protect my assets from nursing home costs?

An irrevocable Medicaid trust can help protect your assets from being counted when determining Medicaid eligibility for long-term care. However, these trusts must be created at least five years before applying for Medicaid to avoid penalties.

How much does it cost to create a trust?

The cost of setting up a trust depends on the complexity of your estate, the type of trust, and your specific goals. At Weisinger Law Firm, we provide transparent, competitive pricing and can discuss a fee structure during your initial consultation.

Can a trust help with blended family planning?

Absolutely. Trusts are a highly effective way to ensure your assets are distributed fairly among children from previous marriages, stepchildren, and a current spouse. We can design a trust that reflects your unique family dynamics.

Speak With a Cibolo Trust Lawyer Today

Trusts are powerful tools for securing your legacy and providing peace of mind for your loved ones. Whether you’re planning for the future, protecting your family, or looking to avoid probate, Weisinger Law Firm is here to guide you every step of the way. As your trusted Cibolo trust attorney, we are committed to providing personalized estate planning solutions tailored to your life and goals. 

Call (210) 985-9224 or contact us online today to schedule a consultation and start protecting what matters most.