Trusts Attorney in Austin, Texas
What is a trust and how are they used in estate planning?
What is a trust and how are they used in estate planning?
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00:04
so a trust is really a tool that estate
00:07
planners use to accomplish a lot of
00:09
different things the most common that i
00:12
see is to avoid probate i think of a
00:15
trust like a little box that you can
00:16
title your assets in and when you pass
00:19
away
00:20
your spouse your surviving spouse or
00:22
your family don’t have to go
00:25
re-title those assets so you don’t have
00:26
to get your partner’s name off the deed
00:29
to your house it just stays titled in
00:31
the name of the trust and then the
00:33
surviving spouse could sell it the next
00:35
day if they needed to it’s that easy
00:38
there’s nothing to do if you’ve utilized
00:40
a trust-based estate plan other goals
00:42
that we can accomplish with trust
00:44
planning are asset protection
00:46
remarriage protection divorce protection
00:49
tax protection there’s all kinds of
00:51
different goals that you can use when
00:54
you’re putting a trust-based estate plan
00:56
in place but the most common one is
00:58
avoiding probate and not having to
01:00
re-title everything and go through the
01:02
probate process when it comes time to
01:04
transfer the assets to your family
Austin, TX estates planning & probate attorney Kyle Robbins explains what a trust is and how are they used in estate planning.
