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Trusts

Mansfield Trusts Attorneys

Protect Your Wealth & Assets with Our Legal Guidance

Trusts are the most comprehensive of all estate planning options because they can help you simplify estate settlement during the probate process. If your goal is to avoid the hassle of probate and reduce family disputes over your assets after you pass away, then you need to reach out to our legal team at Crain & Wooley to discuss which type of trust you need to include in your estate plan. 

Explore the Different Types of Trusts Available

We help clients of all backgrounds throughout the greater Mansfield area utilize a variety of trusts to pursue their planning goals. 

We can determine which type of trust will provide the strongest legal protection for you and your loved ones, so please get in touch if you need help establishing or administering the following types of trusts:

  • Living Trust
  • Special Needs Trust
  • Revocable Trust
  • Irrevocable Trust
  • Minor Trust
  • Educational Trust
  • Life Insurance Trust

Benefits of Including a Trust in Your Estate Plan

Clients turn to us for legal guidance with trusts because they can gain the following benefits:

  • Avoid In-State and Out-of-State Probate: Unlike a will, trusts are portable. So if you have real estate in several states, a trust would allow your beneficiaries to avoid the probate process in the states where the property is owned. 
  • Prepare for Nursing Home Expenses: Our firm helps senior clients prepare for the possibility of living in a nursing home. With the average monthly costs of nursing home care in Texas being $6,000 or more, people use irrevocable trusts to protect their assets from being spent on nursing home costs.
  • Protect A Loved One with Special Needs: With a special needs trust, your loved one won't have to worry about losing any type of public assistance they already receive due to income requirements.
  • Protect Assets from Heirs: We know that some people struggle with harmful behaviors. That is why we help clients create trusts with special instructions to protect both their assets and loved ones who are known to take financial risks.
  • Provide for Minor Children or Grandchildren: Trusts can be used to safeguard a minor’s inheritance until you believe they are mature enough to receive it.
  • Avoid Estate Taxes: Taxes play an important part in civil discourse, but creating a trust can prevent the government from taking more than its fair share.

Your Local Trusts Attorneys in Mansfield: A Community Resource

At Crain & Wooley, we understand the unique needs of Mansfield residents regarding estate planning and trusts. Our community is growing, and with it, the need for comprehensive estate planning solutions. We are here to help you navigate the complexities of trusts, ensuring your assets are protected and your wishes are honored.

Living in Mansfield, you may know local government entities such as the Mansfield City Council and the Tarrant County Clerk's Office. These institutions play a crucial role in the probate process and estate planning. While we do not partner directly with these entities, we are well-versed in the local regulations and procedures that can impact your estate plan. 

One of the common concerns for Mansfield residents is the rising cost of living, particularly when it comes to healthcare and nursing home expenses. With the average monthly cost of nursing home care in Texas exceeding $6,000, planning is essential. Our team can help you establish irrevocable trusts to protect your assets from being depleted by these expenses. 

Another significant concern is ensuring that your loved ones, especially those with special needs, are taken care of without jeopardizing their eligibility for public assistance. We can help you set up special needs trusts to provide for their future while maintaining their benefits.

For families with minor children or grandchildren, trusts can effectively manage and protect their inheritance until they are mature enough to handle it responsibly. We understand the importance of safeguarding your family's future and can guide you through setting up minor or educational trusts.

Crain & Wooley is committed to serving the Mansfield community with personalized and effective estate planning solutions. We know the area, understand your concerns, and are here to help you achieve peace of mind.

Contact Our Legal Team to Choose the Right Trust for You

With so many options for creating a trust to protect your valuable assets, it is in your best interest to speak with a knowledgeable estate planning attorney at Crain & Wooley to determine which type of trust you need to achieve your planning goals. We proudly offer effective legal services and customized legal strategies that clients can rely on.

To request a free consultation with a Mansfield trust lawyer, give us a call today at (972) 945-1610 or fill out our online form.

Commonly Asked Questions

How can a special needs trust benefit my loved ones?

A special needs trust is designed to provide financial support for individuals with disabilities without jeopardizing their eligibility for government assistance programs. This type of trust can be particularly beneficial for families who want to ensure their loved ones have access to additional resources for their care and well-being. By establishing a special needs trust, you can provide funds for medical expenses, education, and other necessities while allowing your loved one to continue receiving public benefits.

How do trusts help in avoiding estate taxes?

Trusts can be an effective tool for minimizing estate taxes. By placing your assets in a trust, you can potentially reduce the taxable value of your estate, which may help your beneficiaries retain more of their inheritance. Certain types of trusts, such as irrevocable trusts, remove assets from your taxable estate, thereby lowering the overall estate tax burden. This strategic planning is essential for individuals with significant assets who want to ensure that their loved ones receive the maximum benefit from their estate.

Satisfied Clients Tell Their Stories

  • "Thank you and God Bless you"

    Thank you for being my Living Trust and other Estate documents attorney. Due to our move and storage of business and personal documents, we had trouble locating & we took a lot longer to respond to your drafts, etc. You were very patient with me and my needing lots of explaining of legal terms and meanings. At my age, I was concerned about getting things done but wanting it all done right. You were very prompt in responding to my questions and I think by time of signing I felt confident we had things just the way we wanted to protect my heirs. Thank you and God Bless you.

    - Donna V.
  • "Very much appreciated"
    I am very much appreciated your service If anyone like me needed your service I will introduce about you. Everything you did with in a week. Very much satisfied all your service.
    - Sarah P.
  • "Smooth and easy"
    Learning about trusts at the meal was easy and educational. The set down at the office was where the finer points of trusts was explained. That is where and when we decided to make it safe and easy for our heirs. Our final meeting where we signed everything and an explanation of each item was given went smooth and easy. All in all I would say the investment in the trust was worth it.
    Thank you to Crain & Wooley office and staff
    - Anonymous
  • "Professional and knowledgeable"

    My husband and I recently had our living trust completed through the help of Crain and Wooley. Justin and his staffs are professional and knowledgeable. A special thanks to client education specialist Stephen. He is such a nice gentleman and always answers our questions clearly and right to the point, and always ready to help by answering your concerns promptly. We will certainly refer the law firm to our families and friends!

    - Susan X.
  • "Excellent, Highly recommend"

    We went to seminar to just find out what we needed to do for a will, They gave us all the info we needed right then there. Offered a really good price if we signed up to get one that day. A few weeks later after our appointment we have a Living trust. They were helpful with all our questions and were very thorough with these explaining the whole process. They stuck with the price that we paid + let us call anytime if we had any questions. Excellent, Highly recommend this company.

    - Linda B.
  • "So good to finally have a plan"

    After worrying about our lack of estate planning for years, it feels so good to finally have a plan in place. Thank you for making the process relativity painless and offering the educational support we needed.

    - Leslie W.
  • "5 Stars"
    Me and my appreciate Mr. Crosby we think that he was very professional in doing his job and we give him 5 stars when it come to him doing his Job.
    - James A.
  • "Overall experience was seamless"

    We recently had the opportunity to attend a workshop hosted by Crain & Wooley regarding wills and estate planning. Based on the information provided we decided to proceed with our estate planning with Justin and his team.  The overall experience was seamless and the process was clearly communicated. We had our homework and once that was completed, several iterations later we had our final walk-through and signed estate plan. We would recommend Justin to our family and friends.

    - Earl B.

Designed for Your Comfort & Convenience

Estate Planning With Us Means:
  • Flat-Rate Pricing*

    Finally, you won’t need a lawyer to understand your legal fees. We clearly communicate our pricing structure upfront, so you can feel comfortable with our service from start to finish. No surprises, no hidden fees. *Our flat rate fees apply only to proactive planning services.

  • Optional Lifetime Guarantee
    With our optional lifetime guarantee, your will and trust will be automatically updated over the years to ensure it stays current with best practices, reflects your current wishes and minimizes future confusion for your family.
  • Knowledgeable Service
    Laws change all the time. We stay up to date with all the latest information so that you’re covered. No one else in the region is as dedicated or educated in this area of law. We’re the experts so you don’t have to be.