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299 items found for "revocable trust"

  • Estate Planning When You Have a Stepfamily

    Using a Trust To Provide for Stepchildren and Stepgrandchildren The goal of a living trust — also known as a revocable living trust or a revocable trust — is to store assets for you while you are alive, so Houses, land, vehicles, bank accounts, and other assets can all be included in a living trust. Unless you say otherwise, any assets maintained in a living trust will be for your benefit during your This could be in a will, trust, or some other mechanism.

  • What Is a Special Needs Trust Under Texas Law?

    Under Texas law, a special needs trust is a trust that allows a person with a disability to have money uncles to contribute to that trust. Is There a Difference Between a Supplemental Trust and a Special Needs Trust? There is one difference between a supplemental trust and a special needs trust. into the trust upon death.

  • How Do Special Needs Trusts (SNT) Work?

    What is a Special Needs Trust? A special needs trust, also called a supplemental needs trust or SNT, is a personal legal arrangement Types of Special Needs Trusts There are three standard special needs trusts in estate planning. First-party or Self-Settled Special Needs Trusts A first-party special needs trust (self-settled trust Why Set Up a Special Needs Trust?

  • Meet David Bowie, Estate Planning Guru

    many think that in light of his advanced planning and financial foresight, he likely used one or more revocable or irrevocable trusts.

  • Congratulations on starting your medical career! Now go protect your financial future!

    For example, you may choose to put all of your assets in irrevocable trusts. By putting your assets in a trust , they are owned by the trust. #AssetProtection #HoustonAssetProtection #Trusts

  • Choosing Legal Guardians for Kids When Mom and Dad are Divorced | Houston Wills Lawyer

    , I encourage you to meet with a Houston wills lawyer right away so you can protect such funds in a trust #Divorce #Guardianship #Trusts

  • DOES PAYABLE-ON-DEATH NEGATE THE NEED FOR WILLS AND TRUSTS ADMINISTRATION IN TEXAS?

    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? A will and/or trust is a much more thorough way of covering your bases and ensuring that your wishes 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.

  • What is Trust Administration, and When Should You Get Professional Help?

    Getting named successor trustee for a loved one’s trust is an honor. With guidance from an experienced trust administration attorney, you can feel assured that all trust How Trust Administration Works in Texas In most cases, administering a trust begins at the time of the trust creator’s death. trust funds.

  • Protecting Assets from Medicaid: How Funding a Trust Can Help

    Creating a trust just might be the solution to help your family manage those expenses. Irrevocable Trust Shifting a loved one’s assets from “countable” to “non-countable” assets is best done through an irrevocable trust. Under an irrevocable trust, a trustee is named to manage the fund. But the trust also helps enable you or your loved one become eligible for Medicaid.

  • When a “Fair Share” May Not Mean “Equal Share” | Houston Will and Trust Lawyer

    As a Houston will and trust lawyer, I can confidently say that estate plans are not one-size-fits-all client’s child was unable to properly handle their finances , and the parents preferred to set up a trust This is a danger and a huge reason for working with a Houston will and trust lawyer to ensure that your

  • MANY HARRIS COUNTY ESTATE PLANNING LAWYERS OVERLOOK THIS IMPORTANT ASPECT OF TRUST ADMINISTRATION

    One of the most enjoyable parts of being a Harris County estate lawyer is helping clients set up trusts Setting up the trust can be a lot of fun. Figuring out how to fund it is deeply satisfying. A “directed trustee” is chosen to look after the trust according to specific instructions from you. These may include professional companies that do nothing but administer trusts. directed trustee and others involved with the trust.

  • Trusts Can Protect Your Heirs from Themselves

    How Can a Trust Help? Here are a few examples of trusts that are options to you; IRA Trust: Designed to prevent an heir from Revocable Trusts: Allows you to retain control of all the assets in the trusts and you are free to revoke Asset Protection Trusts Beneficiary Trusts With your options in mind, the best course of action is always Trusts allow you to control how and when the money is spent The individual setting up the trust can make

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