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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: Wills & Trusts
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. […]
Marriage rates may be declining, but that does not mean that the number of couples living together in committed relationships is decreasing in any way. Many people see no need to go through the formalities of marriage. Others are prevented from marrying their partner due to financial or legal complications. […]
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 […]