Common Types of Trusts Used in Texas Estate Planning
Trusts are not one-size-fits-all.
When Texas families hear the word “trust,” they often assume it is a single thing — but trust planning includes multiple types of structures, each designed for specific goals.
Understanding the common types of trusts used in Texas estate planning can help you clarify what may fit your needs — and what may not.
Revocable Living Trust
A revocable trust is one of the most common trust tools in Texas planning.
It is often used to:
✅ organize assets
✅ reduce probate involvement for trust property
✅ provide continuity during incapacity
✅ structure inheritance for children
A revocable trust can usually be changed during your lifetime.
Irrevocable Trust (Advanced Planning)
An irrevocable trust is used in more complex situations, often involving:
advanced tax planning
asset protection strategies
Medicaid-related planning goals
special financial circumstances
Irrevocable trusts involve different legal consequences and should be evaluated carefully.
Special Needs Trust (When Applicable)
Special needs trust planning can help families provide support for a loved one with disabilities while protecting eligibility for certain benefits.
This planning is highly specific and should be custom designed.
Trust Planning for Minor Beneficiaries
Some families use trust provisions to:
prevent minors from receiving assets at 18
structure distributions for education, housing, and support
provide trustee management for long-term stability
This type of trust planning is often paired with guardianship planning.
Testamentary Trust Provisions (Trust Created Through a Will)
Some trusts are created through a will rather than during life.
This approach can provide structure after death, but it may still involve probate.
Choosing the Right Trust Requires Strategy
Trust planning should be driven by goals, not trends.
Before choosing a trust type, it helps to clarify:
what assets you have
who your beneficiaries are
whether minors or vulnerable loved ones are involved
whether probate avoidance is a major goal
and whether long-term management is needed
Considering trust planning for your Texas estate plan?
Trust planning can create stronger protection, reduce probate burdens, and help families plan intentionally for long-term stability — but it must be designed and funded properly.
Helpful resources:
Texas Trust Planning FAQ: Common Questions About Trusts, Wills, and Protecting Your Family
If you’re considering a trust, schedule a consultation to determine whether trust planning fits your goals and how to structure it correctly.
