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Using a Trust Inventory

Posted by & filed under Revocable Living Trusts.

Regardless of the kind of trusts you choose to incorporate into your estate plan, you should plan on creating a trust inventory. Every trust you create will involve taking some of your property and transferring it into the trust’s name. This process, called funding, can be simple or complicated depending on the type of property… Read more »

So You’ve Been Named Executor. What Now?

Posted by & filed under Probate, Wills.

If you are ever asked by someone to serve as the executor of an estate, you should realize that accepting the position means you will have specific responsibilities when that person dies. Your primary duty as an executor will be to manage the estate through probate. While many of the concerns people have about probate… Read more »

New Law Expands Life Settlements

Posted by & filed under Elder Law, Medicaid.

Texas Governor Rick Perry signed legislation recently allowing Texans to more easily use their life insurance policies to help pay for the costs associated with long-term care. These so-called “life settlements” give people with life insurance policies the ability to sell those policies to investors at a discount. The law allows Texas residents who are… Read more »

2 Out of 5 Provide Care to Elderly Family Member

Posted by & filed under Elder Care.

The aging population is not only changing the face of the American workplace, it’s also changing how we live when we’re not working. According to a new study from the pew research Center’s Internet and American Life Project, about 40% of American adults now provide some kind of elder care assistance to an elderly family… Read more »

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