The preparation of palladium thioketone and T-shaped carbene complexes by treatment of thiophosphoryl substituted Li/Cl carbenoids with a Pd(0) precursor is reported. Depending on the steric demand, the anion-stabilizing ability of the silyl moiety (by negative hyperconjugation effects) and the remaining negative charge at the carbenic carbon atom, isolation of a three-coordinate, T-shaped palladium carbene complex is possible. In contrast, insufficient charge stabilization results in the transfer of the sulfur of the thiophosphoryl moiety and thus in the formation of a thioketone complex. While the thioketones are stable compounds the carbene complexes are revealed to be highly reactive and decompose under elimination of Pd metal. Computational studies revealed that both complexes are formed by a substitution mechanism. While the ketone turned out to be the thermodynamically favored product, the carbene is kinetically favored and thus preferentially formed at low reaction temperatures.