FAQs About Trusts

What is a Spendthrift Trust?

As parents, we all do our best to instill our good values in our children. But sometimes, despite all our guidance, our children make poor personal and…

Planning for Special Circumstances

Five Reasons Why Parents of Young Children Need Estate Planning

If you are a parent of young children, getting your estate plans in order can help you ensure that your minor children will be protected in the…

FAQs About Trusts

When Should I Use a Revocable Trust?

A couple of weeks ago, I explained that probate recently got more private in Texas. In the past an estate’s representative was required to file an…

FAQs About Trusts

What are the Requirements of a Valid Trust in Texas?

When people think about trusts and trust funds, images of people like Paris Hilton come to mind. But trusts not just for the wealthy. What are the…

FAQs About Trusts

Can a Settlor Revoke or Modify a Trust?

Whether a Settlor, the person who creates a trust, can revoke or modify it depends on if the trust is irrevocable or revocable. According to Section 112.051…

Planning for Special Circumstances

Don’t Let Plans for More Children Keep You From Protecting the Ones You Have

I read a book recently called The Middle Place. It’s a beautiful and touching memoir written by Kelly Corrigan, a young mother…

FAQs About Trusts

Say What? Trust Terminology Defined

Lawyers use a lot words when talking about trusts, often assuming that everyone knows their meaning. But in speaking to clients and friends, I realized that many…

Planning for Special Circumstances

Don’t Wait Until Just Before You Get On A Plane to Prepare Your Estate Plan

On average more than 6 million car accidents occur in the United States each year. Of those, about 40,000 are fatalities. Contrast…

FAQs About Trusts

Is Your Child Trust-Worthy?

In The Wall Street Journal’s Financial Guidebook for New Parents, the book’s author, Stacey L Bradford, explains why parents should consider setting up…