I don't practice in Texas and this is just some general advice re revocable living trust.
A revocable living trust *should* help you avoid probate. It's most useful in avoiding probate in multiple states if you own property in multiple states. As with any trust there is also some utility in being able to control what happens to an extent after you are dead.
Having said that, I generally disfavor them in Louisiana. Our 'probate' process, for most individuals, can be completed in a few weeks or even less than a week in some cases. Also, the entire process probably cost less than what you will be charged for a revocable living trust and all the charges to fund it. They have their place in estate planning, but I normally don't recommend them unless a person has some very good reasons for avoiding probate or if they have property in multiple states.
One of the problems with them is that a lot of times the clients do not make sure all of their property is placed into them. Not a big deal for small movables that are not titled. But if you have some land in Louisiana you forgot to put in the trust you then have to go through the probate process.
My appreciation of joint tenancy is that A+B own the property and at A or B's death the property goes all to the survivor. If that is correct, then that would seem to be the much cheaper and simplistic route here. Again, this is not legal advice and you should consult an attorney in texas.
This post was edited on 3/22 at 12:35 pm