Texas defines separate property as property owned before marriage or acquired by gift or inheritance. For example, if you purchased a house before you were married, the house…
In Texas a trust is not a legal entity. Rather, it is a legal relationship in which a trustee holds legal title for the benefit of…
Wills sometimes create testamentary trusts, trusts that spring to life after the death of a testator. When a testator includes a testamentary trust in his Will,…
Last Christmas, the only thing on my older children’s Christmas list was a laptop computer. As they have gotten older, school assignments have increasingly required access to…
Many of us have seen advertisements touting the benefits of a living trust. Salespersons who promote living trusts claim they can reduce taxes, protect assets from creditors, and…
I spoke to a young mother several weeks ago who wanted information on how to legally name a guardian for her minor children. She explained that…
Many people mistakenly believe that putting their assets into a revocable trust will shelter those assets from creditors. This is not the case. A revocable living trust…
If you have a properly funded revocable trust, you may not need a will. At the time of your death, your property will be managed and…