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However, today, more and more people are turning to individual retirement trusts as a way to plan for Simply put, a trust is an estate planning tool that lets you set aside funds for certain beneficiaries The best way to set up a retirement trust is by meeting with an attorney that specializes in estate planning Since trusts can be manipulated to fit your individual needs, together with an estate planning attorney , you can set up specific trusts that meet your requirements for today and your plans for the future.

loss of specialized care and Medicaid or SSI benefits is a very real danger if proper special needs planning put in place, which is why Houston special needs lawyers often share the benefits of special needs planning involving Special Needs Trusts. What is a Special Needs Trust? #SpecialNeedsTrust #Trusts

A trustee is the person who will manage the assets that are in your trust. regarding assets in your trust. best interest of the trust beneficiaries. It is critical that a trustee follows the terms of the trust documents and the trust creator’s instructions #TrustAdministration #trustplanning #Trusts

If you have been asked to serve as trustee for someone’s trust, it is your responsibility to successfully As a Houston Will and Trust lawyer, I hope to provide you some guidance in this area. Read the trust- The trust will have all the information you need to carry out the wishes of your loved it is important to always think of their interest when it comes to the trust. that you should not borrow money or lend money to anyone from the trust.

Estate planning does not have to be a long, complicated process. Everyone will need to do this at some point during the estate planning process and the sooner you get this completed, the sooner your estate plan will be finalized. accounts Stocks and bonds Life insurance and Annuity policies Deeds for properties you own Retirement plans #estateplanning #Houstonestatesandtrustsattorney #Trusts

there are various types of trust funds that can serve as useful estate-planning tools. Here’s a rundown of revocable or irrevocable trusts, credit shelter trusts, generation-skipping trusts Revocable Trusts Also known as a revocable living trust, this trust lets you manage your trust during Irrevocable Trusts This is the opposite of a revocable trust. Trust funds can be a big element in your estate-planning strategy, so talk with a qualified trust attorney

As a Harris County will and trust lawyer, I realize that those of us in the estate planning industry In fact, even the words “estate planning” can confuse people by making seem like you only need to plan For example: Estate planning versus Asset Protection Healthcare Directive versus Advanced Directive Living Will Power of Attorney versus Executor of an Estate However, there are probably two estate planning If you really want a plan in place that will work when you need it, it is best to talk to a Harris County

If you are someone financially planning for a loved one with special needs, you are likely aware of how Estate Planning Under the New Rules for Special Needs Trusts Following the recent legislative changes plans to harness the newfound opportunities. planning attorneys to explore the full range of options available. Seeking Professional Guidance When updating your special needs trust plan, it is important to know when

, GST trusts, or dynasty trusts. Generation-skipping trusts involve skipping a generation in planning your estate. Your estate planning attorney can structure a generation-skipping trust to make use of the lifetime exemption Once the trust is funded and the exemption applied, any future appreciation in trust assets is allocated to the trust beneficiaries directly.

Trusts maintain complete privacy over your property and estate plans. Modify Plans Easily as Circumstances Change Wills become locked at the time of death, but trusts can Here is an overview of the simple steps: Work with an estate planning attorney to draft your trust agreement Consult a Texas estate planning attorney to craft a personalized trust providing the benefits you seek Planning Lawyer putting a property into a trust in Texas.

that you speak with a qualified estate planning attorney and explore the benefits of establishing an trust.” Your estate planning attorney can help you decide if the trust should be a conduit or an accumulation trust. Again, work with a qualified estate attorney to create a sound action plan based on your personal situation

A revocable living trust is a popular estate planning tool that offers several benefits over traditional Learn more about the benefits of a revocable living trust, how it can help individuals plan their estate Incapacity Planning Becoming incapacitated is scary to think about, but a revocable living trust can estate planning attorney. is your best estate planning document.