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public charities that are in good standing with the IRS, so you can’t make gifts to split-interest trusts like a charitable remainder or charitable lead trust.

An estate planning attorney can help evaluate if a trust is a better option all around.

An estate planning attorney can help evaluate if a trust is a better option all around.

Wills and trusts administration is a big category of law, and it can be a little confusing to understand For the most part, though, wills and trusts administration involves the following: Assets Passed Under Administering Trusts This item is a little more obvious, considering we are talking about wills and trusts In cases where there is a trust, the attorney will work with the trustees or beneficiaries to figure Working together, the entire team will find ways to meet the requirements of the trust.

In many cases, you may find that a more “traditional” special needs trust really meets your objectives

Protecting the Assets One of the things a living trust can do is designate a trustee to manage the funds Protecting the Heirs A living trust can also protect the beneficiaries from court costs. In fact, a living trust does not get included in the probate process at all. A living trust is less likely to be contested, mainly because the person creating the trust will often A living trust, on the other hand, is kept private.

This is a question that Houston trust lawyers work with clients to answer. The point is to let your trust lawyer in Houston know what cause or causes truly stir your passion. In order to do this appropriately, though, you will want to have your trust lawyer look into how to make To do this, an individual might ask the Houston trust lawyer to put together a trust. Instead of donating money directly to a particular organization or cause, it would go into this trust

As if losing a loved one is not hard enough, will and trust lawyers around the country have been seeing take this advice; and if you suspect there has been an identity theft, you may want to reach out to a trust Trust lawyers in Houston are advising family members on ways to protect the information of their deceased Trust lawyers in Houston do advise that fraudulent charges made by identity thieves are generally not

or less seen it all, yet things still come as a surprise to our clients when it comes to wills and trusts Trusts may protect you from this. 2. Even if you have a will, #1 applies. 3. If you do not have a will or trust, the courts will decide who gets your assets and even who becomes To ensure your pets and children have money when they need it, it is often best to create a trust to of trust will allow you to keep using your assets until you pass away.

conservatorship is granted, it may also be necessary to request that the courts suspend any acting agents and trustees You and your Houston estate planning lawyer or other attorney may determine that a trust petition is In these situations, you petition the court under trusts codes. Oftentimes, you may find that you need to go for both the conservatorship and the trust petition.

Topics surrounding wills and trusts can be quite complicated, which is why a qualified Texas lawyer is There are several factors that affect the trust, from its value to the kind of trust that is best to Time How much time will your trust have before it is used for its intended purpose? A wills and trusts lawyer in Houston can help you create a trust that will grow, setting goals based upon your current age and your plans for the assets of the trust down the road.

Generally speaking, we think of estate planning lawyers as professionals who help us protect our wishes and pass our “stuff” onto loved ones after we pass. For most of us, this makes sense, as we have fairly straightforward wishes and needs. In some cases, though, there are estates that go on to continue earning considerable sums of money long after the individual has been gone. Here are some deceased celebrities’ whose estates continued to grow and provide for their families and other causes. Michael Jackson The rights to Michael Jackson’s music are a part of his estate, and you can be sure that no one is using them without paying good money. In the 12 months preceding October of 2011, his estate earned $170 million. He was the second highest-earning pop act of that year, and he had been dead for two years. Elizabeth Taylor While it seems more obvious that musician’s estates could continue earning through rights to their songs, much of the $12 million brought in by Taylor’s estate in 2011 came from sales of her perfume, White Diamonds. Additional income came into the estate when many of her private possessions, such as jewels and gowns, were auctioned off. Albert Einstein A different kind of “celebrity,” scientist Albert Einstein’s estate continues to grow. Despite passing away in 1955, Einstein’s estate earned $10 million from October of 2011 to October of 2012. The use of Einstein’s name (and the fee that goes along with it) has extended to products like Baby Einstein videos, and his likeness has been used in automobile ads. Elvis Presley Royalties from Rock and Roll are often near the top of the list for deceased celebrities whose estates are still amassing fortunes. Yet, much of Elvis’ revenue comes from the Graceland mansion. In addition, his estate benefits from music rights that have been parlayed into a Cirque du Soleil show. Dr. Seuss His real name was Theodor Seuss Geisel, but most people know him better as the author Dr. Seuss. This icon’s children’s books continue to be sold today, which is wonderful for his heirs. Of course, the fact that Hollywood keeps making movies from his stories does not hurt, either, as his estate brought in $9 million in one year alone! You may not have a catalog of songs or even crazy hair and a theory about relativity, but that does not mean that you should avoid working with an estate planning lawyer in Houston to see how you might be able to set up an estate that continues to earn revenue for your family for generations to come. To discuss your options and how to leave a legacy for your family, contact our Houston law firm at (281) 885-8826 and ask to schedule a complimentary consultation with the mention of this blog post.