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Many people establish estate plans based on revocable living trusts to avoid probate. The popularity of these plans is based on a healthy fear of the probate process. Probate has a reputation for being long, complicated, and expensive. Is it always necessary in Texas? And is it really that bad? […]
Category: Probate and Estate/Trust Administration
Trustees have a variety of obligations, and sometimes their duties are more complex than others, depending on the type of trust they are administering. However, one set of duties that remains the same is a trustee’s fiduciary duties. As the name implies, trustees are put in a position of extreme […]
While people used to think of trusts as something only used by the extremely wealthy, the popularity of revocable living trusts as part of a probate avoidance strategy has focused more attention on these versatile estate planning tools. Avoiding probate is just the tip of the iceberg. Trusts can accomplish […]
If you have created a revocable living trust to avoid probate or you are considering establishing a special needs trust or other type of trust, you may have heard that it is important to “fund” your trust. This is indeed an important task and it can involve some complex steps […]
If you have been named a trustee or you are otherwise involved in the administration of a trust, you may have heard somebody suggest that you obtain a Certification of Trust. What exactly is that? What does it do? And do you need one? While the answer to that last […]