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Top El Paso, TX Trusts Lawyers Near You

Trusts Lawyers | El Paso Office

221 North Kansas Street, Suite 2000, El Paso, TX 79901

Trusts Lawyers | El Paso Office

10514 Montwood Drive, El Paso, TX 79935

Trusts Lawyers | El Paso Office

3609 Montana Avenue, El Paso, TX 79903-4322

Trusts Lawyers | El Paso Office

501 Executive Center, Suite 200, El Paso, TX 79902

Trusts Lawyers | El Paso Office

13310 Tobacco Rd, El Paso, TX 79938

Trusts Lawyers | El Paso Office

7300 Viscount Blvd Ste 101, El Paso, TX 79925

Trusts Lawyers | El Paso Office

11170 La Quinta Place, Suite C, El Paso, TX 79936

Trusts Lawyers | El Paso Office

4110 Rio Bravo, Suite 220, El Paso, TX 79902

Trusts Lawyers | El Paso Office

909 E Rio Grande Ave, El Paso, TX 79902

Trusts Lawyers | El Paso Office

1017 Montana, El Paso, TX 79902

Trusts Lawyers | El Paso Office

221 N. Kansas, Suite 1700, El Paso, TX 79901

Trusts Lawyers | El Paso Office

311 Montana Ave, Law Center, El Paso, TX 79902

Trusts Lawyers | El Paso Office

201 East Main Drive, Suite 1100, El Paso, TX 79901

Trusts Lawyers | El Paso Office

501 Executive Center Boulevard, Suite 200, El Paso, TX 79902

Trusts Lawyers | El Paso Office

309 E Robinson Ave, El Paso, TX 79902

El Paso Trusts Information

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Lead Counsel independently verifies Trusts attorneys in El Paso and checks their standing with Texas bar associations.

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Find a Trusts Attorney near El Paso

Visit our free Trusts Resource Center.

What Is a Trust?

A trust is an estate planning tool that allows you to determine which beneficiaries will get your property and assets when you pass away. A valid trust can allow you to avoid probate, which can be costly and slow, so your beneficiaries can receive your real estate, accounts, and personal property more quickly. A trust can also allow you to use and access your property while you are living while still providing for your loved ones after you die. An estate planning attorney can give you more information about trusts and estate planning.

What Are Different Types of Trusts?

There are different kinds of trusts that can be used to accomplish your estate planning goals. Common types of trusts include:

  • Living trusts
  • Irrevocable trusts
  • Charitable trusts
  • Special needs trusts

The most common type of trust is a living trust, also known as a revocable trust. A revocable trust provides more flexibility for the person who created the trust to use the property and modify the trust at any time. An irrevocable trust is much more restrictive and cannot be canceled. However, an irrevocable trust can reduce estate taxes and may allow the property to be protected from creditors. Talk to Texas estate planning lawyers for legal advice about what type of trust is best to give you peace of mind.

How Do I Establish a Trust?

The person who creates the trust is known as the settlor. The settlor names a beneficiary or beneficiaries who will receive the assets under the terms of the trust, usually upon the death of the settlor. The settlor also designates a trustee to manage the assets of the trust for the benefit of the beneficiaries. There may be other requirements for a trust in your state, so contact a Texas trust lawyer or elder law firm about your legal matters.

How Can I Change a Trust?

A revocable will can be changed anytime during the lifetime of the settlor. You may want to review your trust every few years or anytime there is a significant life change. When there is a major life change, like a marriage, divorce, or death of a loved one, you may want to update your trust to make sure your wishes are still reflected in your estate plans.

How Much Does It Cost to Make a Trust in an El Paso?

The cost of a trust will depend on several factors, including the number of assets and properties, trust administration, and the terms of the trust. An average trust can cost about $2,000 to $5,000 or more. However, a trust can save you money by avoiding the costs, delays, and court process of going through probate. A trust can also include special provisions for your loved ones so they can have long-term protection and financial support. To get an estimate for how much it will cost to prepare a trust for your situation, contact an El Paso trust attorney for a quote.

What sort of issues can I seek legal help with?

Specialized legal help is available for most legal issues. Each case is unique; seeking legal help is a smart first step toward understanding your legal situation and seeking the best path toward resolution for your case. An experienced lawyer understands the local laws surrounding your case and what your best legal options might be. More importantly, there are certain situations and circumstances – such as being charged with a crime – where you should always seek experienced legal help.

Top Questions to Ask a Lawyer

  • What is the usual process to resolve my case? How long will it take to resolve this?
  • What are likely outcomes of a case like mine? What should I expect?

An experienced lawyer should be able to communicate a basic “road map” on how to proceed. The lawyer should be able to walk you through the anticipated process, key considerations, and potential pitfalls to avoid. Once you’ve laid out the facts of your situation to the lawyer, he/she should be able to frame expectations and likely scenarios to help you understand your legal issue.

Types of legal fees:

Bill by the hour: Many attorneys bill by the hour. How much an attorney bills you per hour will vary based on a number of factors. For instance, an attorney’s hourly fee may fluctuate based on whether that hour is spent representing you in court or doing research on your case. Attorneys in one practice area may bill you more than attorneys in a different practice area.

Contingent fee: Some lawyers will accept payment via contingent fee. In this arrangement, the lawyer receives a percentage of the total monetary recovery if you win your lawsuit. In sum, the lawyer only gets paid if you win. Contingent fee agreements are limited to specific practice areas in civil law.

Flat fee: For “routine” legal work where the attorney generally knows the amount of time and resources necessary to complete the task, he/she may be willing to bill you a flat fee for services performed.

Common legal terms explained

Plaintiff – a person or party who brings a lawsuit against another person(s) or party/parties in a court of law. Private persons or parties can only file suit in civil court.

Judgment – A decision of the court. Also known as a decree or order. Judgments handed down by the court are usually binding on the parties before the court.

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