Two Parallel Paths: Wills v. Revocable Trusts

A will is not effective until your death so it can be changed and revoked by you until your death, unless you lose the capacity to do so. On occasion, there are specific circumstances involved that make a revocable trust (also called a living trust or inter vivos trust) the better vehicle for articulating your wishes. A will and a revocable trust can be two parallel paths to disposing of your assets upon your death. The specific circumstances that often make a revocable trust a better vehicle can include: owning real property outside the state of Texas, impending capacity issues, or a need or desire for privacy. Deciding between using a will or a trust as the vehicle to memorialize your wishes should be done with careful thought and consideration. Neither will sacrifice effectiveness, though depending on your circumstances, one will likely be more efficient.

Scroll to Top