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Grantor trusts will no longer be afforded many of the current benefits.

Some other benefits of a revocable living trust include: Privacy: Unlike wills, which become public records This can be a beneficial co-ownership arrangement for avoiding probate through estate planning.

They are the property of the trust, which is managed by a trustee for the benefit of the beneficiaries LLCs have the added benefit of personal liability protection, but they typically have higher ongoing One benefit of those higher costs is that you have a greater ability to manage the assets in an LLC.

Both you and your lawyer will benefit from from clear, concise communication.

income could help you avoid the Medicare high-income surcharge or help make less of your Social Security benefits

finances from the grasp of long term-care facilities, without jeopardizing your loved one’s access to benefits

Working with a wills and trusts lawyer in Houston has other benefits, too.

Too often, at a time when the family could benefit from being close, differences and misunderstandings

receive public assistance, you need to make sure any proceeds of the trust do not jeopardize their benefits

equal shares to each child but placing the share of the needy offspring in trust for his or her sole benefit

This arrangement allows the life tenant to benefit from the property without owning it outright. They have the right to use, occupy, and benefit from the property as long as they live.

level of disability similar to that determined by the Social Security Administration for disability benefits