Attorney Rania Combs explains how to design a spendthrift trust for beneficiaries if asset protection is your goal.
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,…
Retirement accounts often make up a substantial portion of an individual’s estate and warrant thoughtful planning. Naming a trust as the beneficiary of these accounts can offer important…
Amendments to the Texas Property Code appear to create a back door to create a self-settled asset protection trust in Texas.
When I suggest Crummey Trusts to clients, I often get a confused reaction: “Why would I want a crummy trust?” they ask. Despite the misleading name, Crummey…
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…
I get a lot of calls and emails from individuals interested in protecting their assets. Some ask whether it would be beneficial to create an asset protection…
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…