Incapacity Planning: Assets & Property
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 »
How to Avoid Probate Court
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 »
How Trust Administration Works After Death
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
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 »
Business Succession Plans – Why You Need One
Succession planning for a large corporate enterprise is about finding the right person to inherit a particular job. In contrast, business succession planning for small businesses is critical. It’s all about the long-term survival of the company you worked so hard to build. What Is Business Succession Planning? Succession planning consists of developing and implementing… Read more »
Pet Planning with Texas Pet Trusts
Pet Planning with Texas Pet Trusts Well-considered estate plans allow you to protect your assets, reach financial goals, and provide for your family members in the future. While considering the various aspects of your trust, you could also have concerns about the wellbeing of your pet when you pass away or if you become incapacitated…. Read more »
Who Needs An Estate Plan?
Who Needs An Estate Plan? There is often a common belief that estate planning is only for the wealthy because they are the ones that hold substantial assets. However, this is untrue. Everyone should consider asset planning. Even if you do not have valuable art, an expensive home, businesses, or a large Individual Retirement Account… Read more »
Estate Planning for Single Parents
Estate Planning for Single Parents As a single parent, you may not often have time to reflect on the consequences of losing the ability to make financial, medical, or family-related decisions on your own. But we owe it to those who depend on us to consider such possibilities. Anyone could be rendered legally incapacitated by… Read more »
How to Set Up a Special Needs Trust in Texas
How to Set Up a Special Needs Trust in Texas Overview The information in this blog comes courtesy of Dallas special needs trusts attorney, Vermillion Law Firm LLC. It discusses special needs trusts in detail and dispels any misconceptions with regard to this topic. If you have a loved one with any sort of special… Read more »
Resources for Seniors in the Dallas Area
Dallas has a wealth of resources for seniors in the area. The Senior Source is one of those resources, with the mission of improving the “quality of life of older adults in the greater Dallas area through protection, eldercare, financial security, advocacy, volunteerism, and employment services.” The Senior Source is the first choice in nonprofit… Read more »
