Irrevocable Trusts

Lubbock Irrevocable Trust Attorneys

There are many ways to care for your loved ones after you pass away in Lubbock. Irrevocable trusts offer a variety of benefits and may be what you need if you are trying to provide for someone but maintain control of the money, plan for the care of a special needs family member, or protect your assets.

A Lubbock irrevocable trust lawyer can explain the details of these special trusts and how they could benefit your circumstances. They can help you decide if they will help you the most or if there is a better option for your circumstances.

Choose Beck Law Firm as your caring partner for trusts of all types. You can call us today at (806) 531-3542 to discuss your options for trusts and beyond.

Here’s How the Beck Law Firm Can Help

At Beck Law Firm, our seasoned team of skilled lawyers is committed to delivering tailored legal services that meet your unique requirements.

Living in the heart of Texas is an experience like no other, and your story is woven into the fabric of our community.

We understand the importance of having a legal partner who understands your needs and ensures that your heritage is preserved for generations.

Here’s why we’re different:

Kristen Beck-Perez

Kristen Beck-Perez is a seasoned Texas attorney with a unique advantage as a licensed Certified Public Accountant (CPA). Her proficiency in handling intricate financial aspects related to end-of-life matters is unparalleled.

Kristen shines in estate planning, trusts, estate administration, and creating customized tools for comprehensive estate planning. She assists clients in navigating the complexities of wills, trusts, and probate administration.

Andrew Beck

Andrew Beck, a Texas Tech University School of Law graduate with magna cum laude honors, contributes his legal capability to various areas such as business law, estate planning, health law, and commercial transactions.

His profound understanding of healthcare laws and regulations guarantees that your trust and will are entrusted to capable and knowledgeable hands.

Sam Hawthorne (Of Counsel)

Sam Hawthorne holds dual board certifications in tax law and estate planning & probate law, both accredited by the Texas Legal Specialization Board. He carries the Certified Public Accountant (CPA) designation from the Texas Board of Public Accountancy.

Serving clients’ needs in Lubbock, Sam concentrates on a range of legal areas, primarily focusing on business estate planning, wills, probate, trusts, and estate law.

He also adeptly handles tasks such as drafting trusts and wills, resolving trust and estate disputes, overseeing estate administration, managing probate proceedings, addressing guardianship matters, and providing legal guidance in agricultural and real estate issues.

When you hire us, you’re not merely picking legal representation but acquiring a dedicated team of highly skilled professionals fully devoted to your rights.

We offer wide-ranging solutions and instrumental guidance for estate planning, wills, and trusts. Your legal needs are our top priority, and we serve you with integrity.

Visit our conveniently located Lubbock office at 4910 Lakeridge Drive, to the East of TruFit Athletic Club on 82nd Street, to experience our unwavering commitment to your legal needs.

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Hear From Our Happy Clients

At Beck Law Firm, your satisfaction is our priority! See for yourself what our clients have to say about working with us.

"They Made It Easy"
The Beck Firm made setting up our wills extremely easy. What should have been a lengthy and intimidating process was made very simple. They were very thorough explaining the process and answering any questions we had.

- Trevor M.
"I'll Definitely Be Back"
The Beck Law Firm is composed of a caring and kind team of legal experts who go above and beyond to understand and resolve your legal concerns. They were knowledgeable, resourceful, and efficient.

- Former Client
"They Were Efficient and We Are Happy"
Good communication all the way through the process. All of our questions were answered quickly and in a way that made a somewhat complicated process easy to understand.

- Anthony G.
"Incredible Service"
I recommend them to anyone who needs an attorney, they take care of business and they are on top of it!

- Delma D.
"Worth Every Penny"
Beck Law Firm helped me get two LLCs set up in no time for a great price. I will definitely be back.

- Jonathan B.
"Hands Down the Best"
Hands down the best law firm... in the state and in Lubbock. I highly recommend coming here for all your legal needs!

- Elijah S.
"Excellent Experience"
This is a great law firm, Kristen Beck helped our family navigate the probate process for our Mom's estate. I highly recommend!

- Jeannie D.
"Knowledgeable and Informative"
Kristen represented me and immediately went to work. We settled out of court. She is extremely professional, knowledgeable, and informative.

- David R.

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Do I Need an Irrevocable Trust?

An irrevocable trust cannot be modified or revoked by the person who established the trust (known as the grantor or settlor), which contrasts with a revocable trust, which can be altered or revoked by the grantor at any time.

Irrevocable trusts are typically used for specific estate planning and asset protection purposes.

Some key characteristics of an irrevocable trust in Texas include:

Asset protection: You can use an irrevocable trust to protect assets from creditors, lawsuits, and other potential claims.

Once you transfer assets into an irrevocable trust, they are generally no longer considered the grantor’s property and shielded from most creditors.

Estate tax planning: You can also use irrevocable trusts as part of an estate tax planning strategy to reduce the taxable value of an individual’s estate.

Assets placed in an irrevocable trust are typically excluded from the grantor’s estate for estate tax purposes.

Medicaid planning: Some individuals use irrevocable trusts to help qualify for Medicaid benefits while preserving assets for heirs.

However, this practice has strict rules and limitations and should be done carefully and with professional guidance.

A Lubbock irrevocable trust attorney can explain the details you need to know and how this trust can fit into your life. An attorney can explain to you the available options.

Specific terms and conditions: Grantors use terms and conditions outlined in a trust agreement to establish irrevocable trusts. These terms dictate how the assets in the trust are managed, distributed, and used for the benefit of beneficiaries.

Trustee: An irrevocable trust must have a trustee responsible for supervising the trust assets and adhering to the terms of the agreement.

The grantor can appoint themselves as the trustee or choose someone else, such as a trusted friend, family member, or professional trustee.

Establishing an irrevocable trust is a significant legal and financial decision, and you should only do it after careful consideration and the guidance of an experienced attorney who concentrates on estate planning.

Laws and regulations governing trusts in Texas can change, so consult a legal professional familiar with Texas state laws when creating or managing an irrevocable trust.

Lubbock Trust Attorneys Carry Out Your Final Wishes

We know the importance of your final wishes and are here to make the legal process more manageable. Whether creating a trust, will, or dealing with advanced directives, we have the knowledge and experience to guide you.

Your peace of mind is our top priority, and we are committed to assisting you with compassion and integrity. Don’t hesitate to reach out to us today, taking the first step toward ensuring the well-being of yourself and those dear to you.