The recent overhaul of the federal tax code has led to many unforeseen changes. One has been a change in the uses of revocable trusts, also known as living trusts in divorce.One of the most popular reasons people set up a trust is to avoid probate. Assets held in...
Month: April 2019
Dispute sparks probate issues over late singer’s catalog
Texans who have significant assets or properties that could be the foundation for dispute after they have died will seek to prepare for the future by addressing these probate issues beforehand. Unfortunately, even the most well-crafted estate plan can have...
Texas blended families have specific estate planning needs
There is no step by step guide for every estate plan in Texas or anywhere else. Since everyone's family situation is different, estate planning must reflect those differences. Some families might have significant assets and minor children. Others have a family...
The terms of a trust won’t always excuse breaches
As this blog has discussed on previous occasions, Texas trustees, that is, those who manage the property held in a trust, have both a lot of power and a lot of responsibility.With considerable freedom, trustees are allowed to manage what is often a large amount of...
Single adults have important estate planning needs, too
There is a misconception that estate planning is something only reserved for the wealthy and famous or those with large estates. In reality, virtually every Texas adult could benefit from having even a basic estate plan. While people with children or valuable assets...