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For instance, a trust cannot be listed as a beneficiary unless it has a current tax ID number. You won’t have such a number if your trust exists within a will.

Real estate stocks and investment trusts can perform better if higher inflation causes the value of assets There has never been a better time to meet with a trusted estate planning attorney to review your goals

directives, Kim explains the nuanced differences between them and highlights the importance of selecting a trusted

documents any adult over the age of 18 should have: Medical Power of Attorney: This document allows for a trusted the ability to handle financial and legal matters on behalf of the person who is incapacitated to a trusted

Trusts for Pets Eager to secure a fund for your pet’s care after you pass? You may want to weigh the benefits of creating a trust for your pets. are drafted throughout the trust. A trust also provides accountability for the money you will leave the caretaker to be sure it is used Pet trusts are a more secure option than wills, but they are also quite inflexible.

executor is responsible for handling your estate once you’re gone, so it’s important to choose someone you trust This can cause problems if the courts choose someone you do not trust.

to Physicians (also known as a Living Will) Declaration of Guardian Last Will and Testament Living Trust By revisiting and updating documents such as wills, trusts, and power of attorney regularly, individuals

should immediately review and revise, if necessary, the following legal and estate planning documents: Trusts Probate #ProbateCourt #PowersofAttorney #Divorce #Wills #HoustonEstatePlanningLawyer #LifeInsurance #Trusts

govern whom among a deceased’s relatives will receive the property and assets when there’s no will or trust

Trust and estate attorneys can help you transfer property to heirs in the most tax-efficient way possible

Consider a living trust. A will may not cover all of your estate-planning needs. You might want to look at a living trust. A trust can give you flexibility in distributing your assets and can help you avoid probate. In order to create a trust or other estate-planning documents, work with a qualified and experienced These include your birth certificate, will, and living trust. Communication.

Appoint a trustee for your children. circumstances (such as a special needs child or significant inheritance), you might want an independent trustee—such as a bank or trust company—to serve as trustee or as co-trustee to make the best financial choices for Guardianship #EstatePlanningLawyer #ProbateAttorney #Probate #ProbateCourt #Inheritance #Wills #TaxPlanning #Trusts