Probate and Trust

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Clausen & Centrich, PLLC offers estate and trust administration services to executors, personal representatives, trustees, beneficiaries, and creditors of estates. Our lawyers are experienced in the complexities of federal estate taxes, Texas inheritance taxes, probate laws, and other issues that often arise during estate and trust administration. Our probate lawyers advise fiduciaries charged with the administration of estates and trusts. The estates we administer include decedents’ estates as well as guardianship estates for minors and disabled adults. We ordinarily prepare required state and federal estate and inheritance tax returns and work in partnership with the estate’s accountants to ensure that fiduciary income tax matters are handled in the most advantageous manner.

Our lawyers handle the administration of probate and non probate estates, as well as assets held in trusts. We also represent and advise individuals who have been named executors or trustees. Fiduciaries have many obligations to fulfill, including distributing assets to beneficiaries, maintaining accurate accounting records, and investing assets.

Clausen & Centrich also represents clients in any litigation that may arise during the course of estate and trust administration, including will contests, creditor claims, and breach of duty actions against executors, administrators, personal representatives, trustees, and other fiduciaries.

 

Estate and Trust Administration, Probate Litigation, and Related Services

  • Representation of Executors, Administrators, and Trustees
  • Will Contests
  • Breach of Fiduciary Duty Suits
  • Will and Trust Interpretation Suits
  • Representation of Beneficiaries of Trusts and Estates
  • Service as Executor, Administrator or Trustee
  • Expert Witness
  • Creditors’ Claims
  • Determination of Heirship Proceeding

 

Revocable Trusts

At Clausen & Centrich, we advise many of our clients to establish a revocable trust. Sometimes referred to a "living trust," it is often the best vehicle to ensure your wishes are followed, minimize estate taxes and avoid costly probate.

A revocable trust is called a living trust because you control the assets while you are alive. You can buy and sell assets as circumstances change. You can make amendments to the trust while you are living. The revocable trust contains instructions about distribution of assets upon death, but because the trust holds your assets outside of your probate estate, distributions are made directly to beneficiaries without the need for probate proceedings. Our attorneys will prepare a companion "pour-over will" that places assets that may have been missed during planning into the trust for comprehensive and consolidated administration purposes.
In the case of a married couple, our estate planning and trust attorneys recommend that each spouse has his or her own pour-over will and also either a joint revocable trust or separate revocable trusts. When a married couple has properly drafted revocable trusts, up to $10 million of wealth can be protected from the federal estate tax under the current form of the law.

Texas Revocable Trust Attorneys

Our familiarity with the estate tax considerations and structuring revocable trusts enables our clients to take full advantage of benefits such as:
    •    Disposing assets according to your wishes;
    •    The flexibility to change provisions and beneficiaries as you choose;
    •    Minimizing federal estate taxes; and
    •    Avoiding the inconvenience, cost and publicity of the probate process.

A revocable trust is a basic tool that every person can use. We serve many clients with moderate to substantial estates who will need additional advanced strategies such as irrevocable trusts to protect wealth from transfer taxes, creditors and probate.

We provide sophisticated estate planning services, with an emphasis on tax planning, to individuals and families in The Woodlands, Houston, Austin and San Antonio, Texas, and many areas in between. Contact us today to learn more about protecting your wealth and assets through the use of revocable trusts.
Call 281-210-0140 or contact us online to arrange a free consultation with a knowledgeable lawyer about customized asset protection and estate planning.

Contact us to arrange a consultation and learn more about Clausen & Centrich’s unique approach to meeting the legal needs of your growing business.