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Maybe! Trusts are useful and common tools for estate planning. Many times people think they need a trust because they fear the overburdening "probate" costs. In Texas, the cost of probate is rather modest--not at all like the myths you hear of losing 50 percent to attorneys and courts. The cost of the probate process in Texas is seldom a reason to use a trust rather than a will for estate planning for most middle class people. Individual reasons for placing property in trusts rather than disposing of it through a Will often include: the desire for privacy, the desire to have your property managed for you while alive, the need to avoid "contested will" litigation upon death, and many, many more. Only a consultation with an estate planning attorney will serve to determine if you personally need a trust.
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