How do I set up a trust for my grandchildren? If your grandchildren are minors then they have to have a Trustee who will manage the assets for them and distribute funds to the children’s caretakers for the reasons you specify in the Trust. → Read More
How do I put property into a living trust? Living trusts are legally-designed instruments meant to remove ownership from the creator of the trust, thus helping them avoid probate court proceedings. In order for a living trust to be considered valid, it must contain the creator’s property. This means that property must be transferred or put into the trust by removing ownership from the grantor and placing ownership in the trust. → Read More
What is involved in trustee resignation? Trustee resignation should usually occur according to the terms of the trust. Other times, a trustee resignation form may be used. It is important that a trustee who wishes to withdraw properly do so in order to avoid any future liability. → Read More
Do beneficiaries have to pay creditors out of their own pocket if the estate is insolvent? Do beneficiaries have to pay creditors out of their own pocket if the estate is insolvent? → Read More
What is the Texas probate system like? When a person dies and leaves property that has not been transferred to another person by way of a trust, a right of survivorship, or a gift (say, through a will), the property will be distributed through the process of probate. The role of the Texas probate court and all persons hired by the court to facilitate this process is known as probate administration. → Read More
Executor of a Will: Distributing Personal Property of the Deceased The executor of a will has many responsibilities that might seem more important, but unfortunately the distribution of the personal property of the deceased can be among the most difficult of the tasks the executor will face. Personal property is often not specifically mentioned in the will, and whether an estate is large or small, family members may have a difficult time agreeing who gets what. The executor of the will does have certain responsibilities with regard to distribution of personal property of the deceased. → Read More
Can a life estate owner rent the property out to others? (2025 Estate Laws) A life estate is an ownership interest in a piece of property, like a house or a condo, that lasts for the life of a named person, but ends on that person’s death. → Read More
What happens if there is no living will or durable power of attorney? A living will is a document where you give instructions about your health care if you should become incapacitated and unable to give direction yourself. A durable power of attorney (also called a “power of attorney for health care”) names a person you trust to make these decisions for you. Living wills and durable powers of attorney come into effect only if you are unable to make health care decisions for yourself. → Read More
Asset Protection: Thwarting the IRS The search for tax loopholes is almost as old as tax itself. People have tried to thwart the IRS’ collection of tax debts of all kinds every which way possible. From making fraudulent transfers to hiding money under the floorboards, Americans have tried to cheat the IRS out of its due. → Read More
Secured with SHA-256 Encryption
Secured with SHA-256 Encryption