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The trust and its assets. The trustee who controls the trust and its assets. This protection is where a trust protector comes into play. What Is a Trust Protector? The trust protector can also serve as back-up oversight if you do not entirely trust your trustee to If you are creating or revising an estate plan, Your Legacy Legal Care can help with comprehensive estate planning services.

lawyer, I cannot state emphatically enough how important it is for all parents to create a comprehensive plan , I encourage you to meet with a Houston wills lawyer right away so you can protect such funds in a trust #Divorce #Guardianship #Trusts

Revocable trusts are a very popular and useful estate planning tool, but the trust will be ineffective the trust”). Not funding your trust can undermine your whole estate plan. If you need assistance establishing a trust or updating your existing estate plan, call the experienced elder law and estate planning attorneys at Your Legacy Legal Care at (281) 885-8826 , or click here

, your estate plan, etc. 1. want to be sure that all of them are properly titled and that they are accounted for in your estate plan Does the plan still fit the need? If your original plan does not meet the costs for continued care, it may be time to amend your original trust. 4.

Many people assume having a last will and testament is the centerpiece of any satisfactory estate plan It is a better way to plan to prevent disinheriting children on second marriages. by making it a defective grantor trust, which will also allow you to plan for long-term care should Most estate planning law firms do not help clients fund their trust, but a trust does not work unless Bottom Line If you are unsure whether a trust is right for your estate plan, you do not have to figure

At the heart of this goal in Texas lies the family trust—a potent instrument in the estate planning toolkit it, you can have a strong say over your assets and ensure your family benefits in the way you have planned Working with an estate planning attorney is not just beneficial here; it’s essential. At each stage, the guidance of an experienced estate planning attorney becomes invaluable. Treading Carefully: Trust Challenges While trusts are invaluable tools in estate planning, they can sometimes

Talking with some attorneys about your end of life plans can be like trying to communicate with someone from a different planet. And nobody seems to care whether you understand the plan you are walking out the door with or are as We go out of our way to ensure that our clients understand their estate plans, so they can be sure their Trust Us If you have questions about the different types of trust, or any other estate planning topic

In this article, our Houston estate planning attorneys will explore these benefits in more detail so If you have acquired any form of wealth, estate tax planning is an important aspect of sound financial planning. according to your estate plan. Work With an Experienced Estate Planning Attorney To Put Your House in a Trust When creating a trust

But after investing and saving with one of these plans for the last 30 years, as retirement nears you MarketWatch, in its recent article, “IRAs are for retirement planning, not for retirement,” suggests If you’re between the ages of 59 and 70½, you are at the perfect spot to start an IRA Exit Plan. Remember that when you set up a trust, your IRA cannot be retitled to your trust. Talk with an estate planning attorney to be certain that the IRA’s beneficiary is a trust that qualifies

That is a staggering statistic, even for me as a Houston estate planning lawyer that works with sick For healthy people, a will or trust plans for the “what if?” When you have a chronic illness, you are planning for the “here and now.”  Additionally, an estate planning lawyer in Houston can help you utilize tools such as trusts to protect A living trust can also give you the peace of mind knowing that your estate will easily be passed to

Wills and trusts administration in Texas can be somewhat complicated, and some folks are looking to avoid So, does this really circumvent the need for wills and trusts administration? Working with a wills and trusts lawyer in Houston has other benefits, too. Leaving your assets to a trust can help avoid the probate process, for example. it is reasonable to consider using the payable-on-death option or beneficiary designation, an estate planning

Getting named successor trustee for a loved one’s trust is an honor. As Texas-based estate planning attorneys, we have seen firsthand the pitfalls people face as they administer With guidance from an experienced trust administration attorney, you can feel assured that all trust trust creator’s death. trust funds.