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Wills and trusts are both tools estate planning attorneys in Texas use to enable people to determine who will receive their property after they pass away. Each of these tools can also accomplish some additional goals as well. While wills and trusts are often lumped together, they operate very differently, […]
Category: Wills & Trusts
As parents, we want our children to have everything they need. Determining exactly what they need is often the greatest challenge. Whether your children are very young, close to adulthood, or long out of the nest, a trust can often be the best way to ensure that they receive the […]
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? […]
If there were a bandwagon riding through the streets of Estate Planning-ville, the banner on the side would say “Revocable Living Trust.” So why are so many people jumping on this bandwagon? In other words, why are revocable trusts so popular as an estate planning tool? The quick answer is […]
When you execute your Last Will & Testament in Texas, you are required to observe quite a few formalities. So with a document this official, it’s natural to wonder whether it can be changed. Unlike certain types of trusts, which cannot be changed or revoked, your will can be changed. […]