A Revocable Living Trust, recognized under Texas Property Code §112.051, is a flexible estate-planning instrument that allows you to manage, use, and control your assets during your lifetime while providing for an orderly transition of management if you become incapacitated. Because the trust is revocable, you may amend or terminate it at any time, and you typically serve as your own trustee while alive and competent. At your death, the trust becomes irrevocable, enabling your chosen successor trustee to distribute or continue administering assets according to your instructions—often without the delays, costs, and public nature of probate. A Revocable Living Trust can provide continuity, privacy, and centralized management, making it an effective foundation for comprehensive estate planning.
