In many circumstances, a trust will be the most efficient way to pass on property and assets to a beneficiary. Though, even with a trust, there is always the possibility of a dispute.
If you or a family member is currently in a dispute regarding a trust, it is imperative that you speak to an experienced Dallas trust litigation lawyer as soon as possible.
Your lawyer will be able to review your situation and help you determine what needs to be done to protect your financial rights.
At Lindquist Wood Edwards LLP, our Dallas trust litigation attorneys are proud to offer efficient, flexible, and extraordinary legal services to individuals and families all across North Texas.
Our Dallas trust litigators always work closely with our clients to build a legal strategy that will get them the best results for their individual situation.
For immediate legal guidance, please do not hesitate to contact our legal team today.
A trust is a legal entity that holds assets for the benefit of another party. Trusts come in a wide variety of different forms, from a generalized trust, such as a revocable living trust, to more specialized legal entities, such as a charitable trust or a special needs trust.
In any given circumstance, it is important that you set up the right type of trust. The appropriate trust to create will depend entirely on the client’s goals. If you do not know which type of trust to establish, the best thing you can do is to consult with a qualified Texas estate planning lawyer.
The reason that individuals and families in Dallas establish trusts is that they offer certain important benefits as a part of a broader, comprehensive estate plan. In fact, as a tool to transfer assets, a trust often provides key advantages over a will.
Due to the fact that trusts generally avoid probate in Texas, the beneficiaries can take control over assets far more quickly than they can when assets are transferred through a will. There are other significant benefits as well. For example, a trust allows for a level of privacy and confidentiality that is simply not possible in probate.
When Does Trust Litigation Happen?
Similar to a will, a trust must be administered. There is a strict legal process that must be followed before a beneficiary can access the financial benefits available to them through the trust. Litigation can arise immediately prior to trust administration, during the administration process, or even after the trust has already been administered.
Trust-related legal disputes arise for a wide range of different reasons. In some cases, an action is brought by the beneficiary. When this happens, it is usually because the beneficiary is attempting to recover the full financial benefits that they believe are owed to them through the trust.
In other cases, trust lawsuits are filed by the party who funded the trust, in order to rectify some type of wrong that they believe is occurring. Trust litigation can even be pursued by third parties, including other family members who believe they are entitled to a percentage of the value or creditors who are making a claim against the trust.
How Our Dallas Trust Litigation Attorneys Can Help
The Texas trust litigators at Lindquist Wood Edwards LLP have deep experience serving clients throughout the Dallas-Fort Worth Metroplex. We handle all sides of trust disputes, always providing the highest quality legal representation to trustees, beneficiaries, and settlers.
If you have an interest in a trust, and you believe that your legal rights or financial interests have been violated or are at risk of being violated in the future, it is crucial that you speak to a Dallas trust litigation lawyer as soon as possible.
Your trust litigation attorney will be able to review the specific facts of your claim, so that they can figure out what action needs to be taken to protect your interests or defend your rights against an overzealous litigant.
Contact Our Dallas Trust Litigation Lawyers For Immediate Legal Guidance
At Lindquist Wood Edwards LLP, our Texas estate planning attorneys have extensive experience with trust litigation. If you or a family member is involved in a dispute over a trust, we are here to help. To get a fully confidential review of your case, please call our law firm today at 214-305-2186.
From our office in Dallas, we represent clients all around North Texas, including in Arlington, Frisco, Plano, Irving, Mesquite, Flower Mound, Lewisville, and Fort Worth.