Midland Trust Attorneys Protecting Your Assets And Legacy

Last updated on March 24, 2025

Trusts offer powerful tools for managing and protecting your assets during your lifetime and beyond. Unlike wills, which take effect only after death, trusts can provide immediate benefits and avoid the public probate process. Understanding your trust options is essential for comprehensive estate planning that addresses your unique circumstances and goals.

At Ward & Myers LLP, our trust lawyers work closely with clients throughout Midland and West Texas to develop personalized trust strategies. Our extensive experience in estate planning allows us to guide you through the process of establishing trusts that protect your assets and provide for your loved ones according to your specific wishes.

Types Of Trusts For Your Estate Plan

Depending on your situation and objectives, different trust structures may be appropriate. Our trust lawyer team can help you determine which options best suit your needs:

• Revocable living trusts: Allow you to maintain control of assets during your lifetime while providing for a seamless transition of asset management upon incapacity or death
• Irrevocable trusts: Provide asset protection and potential estate tax reduction by removing assets from your taxable estate
• Charitable trusts: Enable you to support causes important to you while potentially securing tax benefits
• Special needs trusts: Preserve government benefits eligibility for disabled loved ones while providing supplemental financial support
• Testamentary trusts: Created through your will to manage assets for beneficiaries after your passing
• Generation-skipping trusts: Transfer assets to grandchildren or later generations while minimizing tax implications

Each trust type offers distinct advantages, and our experienced attorneys can explain which options align with your estate planning goals.

Trust Administration Support

The process to create a trust is just the beginning. Proper trust administration requires ongoing attention to detail and understanding of legal requirements. Our Midland attorneys provide guidance to trustees on their fiduciary responsibilities, helping them navigate the complexities of managing trust assets according to the terms you establish.

We also assist beneficiaries in understanding their rights and the trust administration process, making sure your legacy is preserved exactly as you intended.

Secure Your Future With Strategic Trust Planning

At Ward & Myers LLP, we understand that protecting your assets and providing for your loved ones is a deeply personal matter. Our compassionate team is ready to help you navigate the trust-creation process with confidence and peace of mind.

Contact our Midland office today at 432-315-0335 or through our online contact form to schedule a consultation with our experienced trust attorneys.