If the Trust is created by me for my assets now, do the successor trustees have to come down to Texas to sign it now?
Given only your two options, I would choose the trust and a Will. This would give you the possibility of avoiding probate, upon your death. Normally, the successor trustees would not be required to sign the trust agreement. Your trust and the accompanying documents should be prepared by an attorney. The attorney will not only prepare all necessary documents correctly, but will also assist you with funding the trust and answering any ongoing questions that may crop up.
You are very wise to be taking care of this. Your beneficiaries will thank you.
***Please be sure to mark if you find the answer "helpful" or a "best" answer. Thank you! I hope this helps. ***************************************** LEGAL DISCLAIMER I am licensed to practice law in the State of Michigan and have offices in Wayne and Ingham Counties. My practice is focused in the areas of estate planning and probate administration. I am ethically required to state that the above answer does not create an attorney/client relationship. These responses should be considered general legal education and are intended to provide general information about the question asked. Frequently, the question does not include important facts that, if known, could significantly change the answer. Information provided on this site should not be used as a substitute for competent legal advice from a licensed attorney that practices in your state. The law changes frequently and varies from state to state. If I refer to your state's laws, you should not rely on what I say; I just did a quick Internet search and found something that looked relevant that I hoped you would find helpful. You should verify and confirm any information provided with an attorney licensed in your state. I hope you our answer helpful!
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Estate Planning Attorney
Whether a will with a testamentary trust at the "end" is better or a revocable living trust (with a "pour over" will) is best is really dependent on the situation so you need to visit with an attorney to determine your needs and options. In many cases the living trust is best or makes the most sense with all things considered. Speak to an attorney please.
This is not legal advice nor intended to create an attorney-client relationship. The information provided here is informational in nature only. This attorney may not be licensed in the jurisdiction which you have a question about so the answer could be only general in nature. Visit Steve Zelinger's website: http://www.stevenzelinger.com/
8 lawyers agree
Estate Planning Attorney
Which option is better depends on your circumstances. The most important item, as I see it, is that you need to consult with a local estate planning attorney, and not take this on as a do-it-yourself project. By reviewing your circumstances with local counsel, you will be able to make an informed decision on which avenue is best under your particular facts. I applaud you for taking the initiative to ask the question.
** LEGAL DISCLAIMER ** My response above is not legal advice and it does not establish an attoreny-client relationship. When responding to questions posted on Avvo, I provide a general purpose response based on California law as I am licensed in California. In reviewing my response, you are specifically advised that your use of, or reliance upon any response I provide is not advisable. I do not have all relevant background details or facts related to your issue / matter, thus I am not in a position to give you legal advice. Further, your review, use of, or reliance upon my response does not establish an attorney-client relationship between us nor does it qualify as a legal consultation for any purpose. For specific advice regarding your particular circumstances, you should consult and retain local counsel. For more information, you can reach my office at: ww.EGoldLaw.com or by calling: 818-279-2737.
6 lawyers agree