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You have worked hard your entire life – do you want to ensure that the right people inherit your hard-earned property? It is time to think about estate planning. What is estate planning? This is a legal arrangement where individuals decide who will own or manage their assets when they are incapacitated or deceased. If… Read more »
If you or a loved one is reaching the golden age, you are probably considering your options or their options for healthcare and general assistance as the aging process progresses. Long term care is one common option that families find helpful as their loved one ages. While home care services for the elderly might sound… Read more »
A succession plan is crucial if you have a family business or a business managed by a large group of owners, shareholders, or other groups. While retirement might seem light years away, it’s never too early to plan how your business’s management, assets, and more will transition when you are no longer managing it. Because… Read more »
Are you looking for a way to ensure your family’s legacy is secure for generations to come? A dynasty trust may be the answer. This type of trust allows a family to pass down wealth from generation to generation without having the assets be subject to the estate tax each time they are passed down…. Read more »
An irrevocable trust can be an integral part of estate planning. There are specific rules and regulations regarding irrevocable trusts in Texas. In most cases, it cannot be altered or terminated. So, before creating one, all considerations must be taken into account. If you are in need of a Dallas trust attorney, count on the… Read more »
It is important to plan for incapacity. Some would say it is as necessary as planning for death. The biggest difference between the two is, that one is certain, and the other is very likely. So, it is important to make preparations in advance. What is Incapacity Planning? Mostly, it means someone is preparing for… Read more »
How much do you know about estate planning? It is more than dealing with the distribution of your property and other access in the event of your death. It is also about having an arrangement in place in the event you become incapacitated. Incapacity planning has many of the same benefits as estate planning. This… Read more »
Participating in a Texas Probate court can be a long, drawn-out process. The proceedings can become contested when transferring a deceased person’s personal assets to a family member. Having the right estate plan that does account for beneficiaries avoids probate court proceedings. Thus, it is wise to have Vermillion Law Firm LLC as they have… Read more »
A trustee is someone with a legal obligation to manage the trust property for the benefit of the beneficiaries per the terms of the trust agreement. If the settlor dies, the trustee becomes responsible for administering the trust according to the terms of the trust agreement and applicable state law. If the trustee fails to… Read more »
Special needs planning involves ensuring the continued care of your Dallas area special-needs loved one when you can no longer do so. If you have a loved one whose disability requires care after you’re gone, now is the time to begin planning for that care. What Is a Special Needs Plan? A Texas special needs… Read more »
