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Consider Dividing Assets into Trusts for Dependents If you have dependents, talk to your attorney about dividing your assets into trusts for your children. It is a great way to keep these valuable assets protected. If you have questions about dividing assets or trusts please feel free to give the experts at Your Legacy

comes to handling the money issues, you can choose someone other than the guardian to be named as the trustee Having two people, the trustee and guardian, agree on financial issues may produce the best outcome for #HoustonGuardianship #ProbateAttorney #TrustsandEstates #WillChanges #LeagueCityEstatePlanning #Probate

Be sure to ask your asset protection attorney about capital gains tax and the gift tax as well. Discuss these concerns with a knowledgeable Texas asset protection and elder law attorney to learn more Luckily, this situation can be prevented through the use of Special Needs Trusts, or Supplemental Needs Trusts, when putting your estate planning in place. Our special needs planning attorneys have protected loved ones with disabilities for many years and can

You also need to designate an executor you trust and let him or her know where to find your will.

One strategy is gifting into a Grantor Retained Annuity Trust (GRAT), which lets you, in effect, loan Settle Estimated Taxes with an IRA: If your taxes aren’t withheld through payroll, you’re probably paying payments in the last quarter of the year, you can avoid paying any additional fees if you settle up using IRA Lessen your tax bite with savvy year-end strategies” #CapitalLosses #HoustonAssetProtection #EstateTax #IRAs #CharitableGiving #TrustsandEstates #401k #HoustonEstatePlanning #GiftTax #403b #CapitalGains #Wills

you will want to spend some time ensuring your assets – and the best interests of your family – are protected for your trust. Trusts Remain the Same A revocable living trust that was validly prepared in one state is typically honored Still, you will want to review your trust and ensure it is up to date once you have moved. A meeting with a trusted estate planning attorney at Your Legacy Legal Care can clarify your options.

Do you have adequate insurance protection? Use your tax refund to cover any shortcomings.

previous relationship or they will be caring together for minor step-children, the prenup can help to protect Wills and trusts come into play when looking at inheritance, so the prenup is more of a starting point

Strategies include planning methods such as using a revocable living trust rather than a will. A trust can be preferable when trying to protect your second spouse’s inheritance because it’s much harder for an unhappy step-kid to break a living trust. In addition, it’s more effective to disinherit an estranged child using a living trust. The trust can eliminate the possibility for a lawsuit.

An experienced attorney can help with a variety of estate planning needs like wills, trusts, asset protection

The 2015 caseload of Arizona Adult Protective Services is at an all-time high.

literary and musical works, inventions, computer programs, clothing design and architecture—may be protected One idea is a life insurance policy purchased and owned by an Irrevocable Life Insurance Trust (ILIT)