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Executors & Fiduciaries Archives

Various trusts are available depending on one's needs

A trust is a powerful estate planning tool that a person in Texas can create while he or she is alive and can survive the individual's death. Trusts can additionally be created by wills and formally established in the event of one's death. Trusts essentially are rights in property that are held in fiduciary relationships by certain parties for the benefit of others.

Special needs trusts can help those with disabilities

In some situations, wills are sufficient for meeting people's estate planning needs in the state of Texas. However, in other situations, trusts can especially come in handy. One such situation is if a family has a special needs child.

Trusts valuable in certain situations

When people in Texas engage in financial planning, naturally their main focus is on creating secure futures for themselves. However, with estate planning, the focus is different. With trusts, in particular, the goal is to benefit charities and surviving loved ones in the event of one's death.

Trusts require reliable people to serve as trustees

People in Texas often focus on planning for the future, such as saving for their children's college education or for their retirement, but estate planning is one area that is frequently neglected. However, creating estate plans, including documents such as wills and trusts, is an essential task for adults both young and old. Trusts are particularly valuable for ensuring that one's property will be distributed as one desires.

Trusts can be helpful for passing down homes or land

People in Texas understandably do not like to think about death. However, failure to create estate plans, which can include wills or trusts, will prevent them from being able to dictate what happens to their possessions when they die. This is especially true for people who have land or homes they would like to pass down to their loved ones.

Special-needs trusts designed to help parents of disabled

People in Texas usually think about wills when they hear about the need to do estate planning. However, trusts are also important components of estate plans. One type of trust that is particularly valuable for parents whose children will have lifelong special needs is the special-needs trust.

Are guardianship alternatives the right choice for your family?

Many adult children in Texas plan on helping care for their parents as they age, but most parents still wish to retain a certain level of control over their own care. This can be difficult when aging parents suffer from cognitive impairment, such as Alzheimer's or dementia. By utilizing guardianship alternatives, we help families ensure the best possible continued care for loved ones while also respecting their individual wishes.

Trusts for pets growing in popularity

The trust is one of the most useful legal inventions to arrive on the scene in the past thousand years. Trusts essentially allow people to control their assets after they have died. This is done by giving property or money to trustees and then telling the trustees exactly what to do with these assets in written documents that can be enforced in court. Trusts in Texas serve a wide range of functions, but they are gaining popularity in the area of post-mortem care for pets.

Living trusts can help people to avoid probate

When Texas residents pass away, their property and possessions typically go through the probate process. This process involves the settlement as well as the distribution of the decedents' assets in a manner that honors the terms of their wills. However, trusts can be helpful for those who wish to avoid probate.