FAQs About Trusts

How a Spendthrift Trust Safeguards Inheritances

A spendthrift trust is a powerful estate planning tool that can help safeguard inheritances for beneficiaries who may be prone to poor financial decisions. Whether due to immaturity,…

FAQs About Trusts

What are the Requirements of a Valid Trust in Texas?

Creating a valid trust in Texas requires meeting specific statutory requirements. These requirements, outlined in Texas Property Code, Title 9, Subtitle B, Chapter 112, ensure the trust…

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

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

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…

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…