Trusts

Does My Spouse Get Everything If I Die Without a Will?

There are people who fail to act from an estate planning perspective because they harbor certain misconceptions. If you are under the impression that the government will take care of everything in the ideal manner if you pass away without a will or any other estate planning documents, you are sorely mistaken. The condition that… Continue Reading

Estate Planning Is for Everyone

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… Continue Reading

What Is a Supplemental Needs Trust?

A supplemental needs trust can be useful if you want to provide for someone that you love who has a disability. We will look at the facts in this blog post. SSI People with disabilities oftentimes rely on the Supplemental Security Income program. This program provides income for people with special needs who are not… Continue Reading

What Is a Family Wealth Trust?

There are many different things to take into consideration when you are devising your estate plan. What is important for one person may not be important for the next, so you should understand the facts and act in a fully informed manner. Personalized attention is of great value, because your plan should be custom crafted… Continue Reading

What Is a Qualified Personal Residence Trust?

Taxation is a very big factor to take into consideration when you are preparing your assets for future distribution to your heirs. There are taxes on asset transfers in the United States, and these death taxes can erode your wealth considerably as it is being passed on to succeeding generations. The federal estate tax looms… Continue Reading

Texas Estate Planning Tip Sheet

Tip 1. Your estate is what you leave behind after you die. Everyone has an estate. Whether you are wealthy, old, young, a parent, single, or anything else, you have, or more specifically will have, an estate. Your estate is simply the collection of possessions, money, and other property you leave behind after you die,… Continue Reading

What Is an Incentive Trust?

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… Continue Reading

Steer Clear of These Estate Planning Mistakes

As estate planning attorneys, we often encounter families who are suffering due to estate planning mistakes that were made by other family members. There is usually some type of damage control that can be done, but as they say, you don’t want to try to close the barn door after the horse has left. Let’s… Continue Reading

Legacy Planning and Acts of Charitable Giving

Merry Christmas! Tis the Season of Giving! Estate planning can be viewed in one of two ways. You could look at it as a basic effort to make sure that your assets are distributed in accordance with your wishes and leave it at that. On the other hand, you could take a more comprehensive viewpoint… Continue Reading

A Pet Trust Can Facilitate Senior Pet Ownership

There are many challenges that you can face as a senior citizen. Unfortunately, loneliness is one of them. When you retire, you no longer have daily interactions with coworkers, and this is part of the equation. Plus, your children and grandchildren are going to have lives of their own, and they may even live out… Continue Reading