Estate Planning Is for Everyone

Posted by & filed under Estate Planning, Legacy Planning, Pet Planning, Power of attorney, Retirement Planning, Revocable Living Trusts, Special Needs Planning, Trusts, Wills.

The process of estate planning is often thought of as something that is only important for people who have reached an advanced age. We all know that  senior citizens are more likely to pass away than their younger counterparts, but in truth,  all responsible adults should have an estate plan in place. There have been… Read more »

What Is an Incentive Trust?

Posted by & filed under Estate Planning, Legacy Planning, Revocable Living Trusts, Trusts, Wills.

When you are planning your estate, passing along resources directly with no strings attached can be perfectly acceptable for some established people on your inheritance list. At the same time, there could be people in the family who could use some guidance. Under these circumstances, you could consider the creation of an incentive trust. With… Read more »

Will Assets in My Living Trust Be Counted By Medicaid?

Posted by & filed under Elder Care, Elder Law, Incapacity Planning, Medicaid, Revocable Living Trusts.

The Medicaid program will pay for long-term care. You may hear this statement and shrug your shoulders, because you will never qualify for Medicaid, and you will qualify for Medicare by the time you require living assistance. This reaction makes sense on the surface, but when you dig into the facts, you will see a… Read more »

Estate Tax Efficiency for Non-Citizen Spouses

Posted by & filed under Estate Planning, Estate Tax, General, Retirement Planning, Revocable Living Trusts, Trusts.

There are many high net worth individuals in the greater Dallas area, and when you have been financially successful throughout your life, you have to be aware of potential estate tax exposure. The federal estate tax carries a whopping 40 percent maximum rate, so your wealth can be significantly eroded if you take no steps… Read more »

Revoking a Living Trust

Posted by & filed under Revocable Living Trusts.

Many people in the Dallas area who create an estate plan use a revocable living trust as a key part. Through a revocable living trust you gain numerous benefits and options. For example, revocable trusts allow you to largely avoid the necessity of your estate having to pass through the probate process, as well as… Read more »

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 »

Send Us a Message

Talk to an attorney
vertical-line
I have read the disclaimer. Privacy Policy