Search Results

Online legal form providers don’t give clients the trust they can foster with an attorney. WillChanges #HoustonWills #Probate #ProbateCourt #Inheritance #PowerofAttorney #HoustonEstatePlanningLawyer #Trusts

of this, Jennie said the attorney influenced the publisher to put a large part of his estate into a trust That case alleges that Gutnick and two other trustees improperly allowed Scaife to drain a family trust

Relying on the old credit shelter trust strategy may no longer be a wise move, since there are new strategies Part of the deceased spouse’s assets equal to the estate tax exemption amount would be placed into a trust The surviving spouse didn’t technically own the assets held in the trust. The assets that the surviving spouse owned outside of the trust would also pass without estate tax up For many, a credit shelter trust isn’t necessary for estate tax purposes.

It goes hand in hand with a special needs trust by offering detailed instructions on how to provide personal This document is helpful for caregivers, trustees, and family members who are part of your child’s care Identify caregivers and trustees — Identify the people responsible for your child’s care. Haven’t set up a special needs trust yet? No problem.

directly, consider establishing a first-party supplemental (special) needs trust. The trust can be established by the individual or their guardian and, when properly drafted, will not Create a Third-Party Special Needs Trust Establishing a third-party supplemental (special) needs trust by the creator of the trust. Transfers to a special needs trust generally incur no penalty.

Supplemental (Special) Needs Trusts Supplemental (special) needs trusts are the most effective trusts There are two different types of special needs trusts: Third-party Special Needs Trusts Typically, a First-Party Special Needs Trusts A parent, grandparent, or a legal guardian usually creates this trust one a sub-trust as part of an existing living trust. Support Trusts A support trust requires that the trustee distribute funds to the beneficiary for food

These trusts are designed to hold assets that can be used for the benefit of a loved one with special When created and managed properly, the assets in a special needs trust do not count when the government This makes these trusts the preferred way to incorporate a loved one with special needs into a parent The assets in a special needs trust can be used to supplement the support received from the government For example, trust funds can be used to buy additional clothing, pay for special dental care, rent or

(April 28, 2016) “How to Prepare a ‘Life After Me’ Document” #estateplanning #PlanningfortheFuture #Trusts

Grantor trusts will no longer be afforded many of the current benefits. Assets owned by a grantor trust will be considered owned by the grantor and included in their estate While currently existing grantor trusts will be grandfathered in, new trusts would not be. If you have been considering a grantor trust for your estate, now is the time to put your plans into

that answer that you might not be expecting… There is no such thing as a one-size-fits-all will or trust The DIY will and trust companies do not adapt to the nuances that make your family unique. No one to turn to when the will or trust is executed. When it comes to creating a will or trust, you really do get what you paid for. Actually, if done incorrectly, that will or trust may not hold up during probate, in which case it is

most important financial issues, decisions and plans to discuss with your parents: Consider a living trust In addition to a will, your family may also benefit from creating a living trust to designate which beneficiaries The difference between a trust and a will is that assets included in a properly-executed living trust A living trust may be a bit more expensive to create than a will, but it will let your parents do wise

Property in trust. If you place property into a trust, the property passes to the beneficiaries of the trust, not according It is usually better to set up a special needs trust to provide for the child. If you would like your gifts to be conditional, a trust may be the better tool to use. In many of the cases mentioned here, a trust may be the best option.