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When you are the beneficiary of a trust, the assets in that trust have been placed there for your use. You deserve to have those assets properly managed and to receive distributions in accordance with the trust terms. If the trustee is not living up to obligations in some way, […]
To create the right estate plan to protect your property in the future, it is important to understand what you have and where it is. You also should have an understanding of what your assets are worth. A schedule of assets can provide all this critical information in one organized […]
What Happens to My Living Trust When I Am No Longer Living?
September 22, 2023 April Nordhaus Estate Planning Probate and Estate/Trust Administration Wills & Trusts
Many people in Texas work with an estate planning attorney to set up a revocable living trust to avoid probate. Others set up living trusts to provide care for loved ones with special needs or for other purposes. These trusts differ from testamentary trusts which only take effect after the […]
Why You Need a Successor Trustee
September 15, 2023 April Nordhaus Estate Planning Probate and Estate/Trust Administration Wills & Trusts
If you’re planning to set up a revocable living trust to avoid probate or another type of trust to meet estate planning goals, you’re making a wise move. But one step to consider carefully is your choice of successor trustee. In this post, we’ll examine what a successor trustee does, […]
A living will sounds like an updated version of the standard Last Will and Testament, and it can be easy to assume you don’t need one if your regular will is up to date. However, a living will is actually completely different from a traditional will because it addresses your […]